The strategic motive to sell forward: experimental evidence (2009)
Ferreira, José Luis [jlferr], Kujal, Praveen [kujal], Rassenti, Stephen
We test the strategic motive to sell forward in experimental Cournot duopoly and quadropoly environments with either a finite (exogenous close) or an infinite (endogenous close) number of forward...
International Trade Policy towards Monopoly and Oligopoly (2009)
Kujal, Praveen [kujal], Ruíz, Juan M.
This paper highlights the importance of product differentiation and endogenous R&D in determining the optimal R&D policy, in a model where investment in cost reducing R&D is committed before firms...
Cost effectiveness of R&D and strategic trade policy (2007)
Kujal, Praveen [kujal], Ruíz, Juan M.
This paper analyzes the incentives for governments to impose export subsidies when firms invest in a cost saving technology before market competition. Governments first impose an export subsidy or a...
Cost Effectiveness of R&D and Strategic Trade Policy (2007)
Kujal, Praveen [kujal], Ruíz, Juan M.
We analyze how the cost-effectiveness of R&D influences the incentives for governments to impose export subsidies. Governments first impose an export subsidy, or a tax. After observing export policy,...
Implementing R&D Policies: An Analsysis of Spain´s Pharmaceutical Research Program (2004)
Desmet, Klaus [desmet], Kujal, Praveen [kujal], Lobo, Félix [flobo]
We analyze Spain’s National Pharmaceutical Research Program using detailed firm-l vel data. We fin differences between ex ante announced evaluation criteria and ex post implementation. This...
Georgantzís, Nikolaos, García-Gallego, Aurora, Fatás-Jubería, Enrique, Kujal, Praveen [kujal], Neugebauer, Tibor
We report results from experimental markets in which two different...water are supplied to two types of consumers; households and farmers. In the...studied, we very strategic complexity (and...
Monopoly Power and Terms of Trade (2002)
The Prebisch-Singer (PS) theory predicts that terms of trade worsen for developing countries producing primary commodities as income increases, given low income elasticity of demand for primary...
Tariffs, quality reversals and exit in vertically differentiated industries (2002)
Herguera, Iñigo, Kujal, Praveen [kujal], Petrakis, E.
In a vertically differentiated industry a domestic and a foreign firm first choose the quality of their goods and then compete in quantities, or prices, in the home market. We investigate the cases...
Quantity Restrictions and Endogenous Quality Choice (2000)
Herguera, Iñigo, Kujal, Praveen [kujal], Petrakis, E.
In a vertical product differentiation model under Cournot competition both foreign and domestic firms respond by lowering their investment in long-run quality for a quantity restriction at, and in...
Fairness: Effect on Temporary and Equilibrium Prices in Posted Offer Markets (2000)
Franciosi, Robert, Kujal, Praveen [kujal], Deng, G., Michelitsch, R., Smith, V.
Experimental tests of the endowment effect (2000)
Franciosi, Robert, Kujal, Praveen [kujal], Michelitsch, Roland, Smith, Vernon, Deng, Gang
The effect of price ceilings and quantity controls in experimental posted-offer markets on market efficiency and total output is compared. Quantity controls adversely affect market performance...
Monopoly power and terms of trade (1998)
Michelitsch, Roland, Kujal, Praveen [kujal]
The Prebisch-Singer (PS) theory predicts that tenns of trade, given low income elasticity of demand for primary products and market power of industrialized countries, for producers of primary...
Incentives for Cost Reduction under Export Restraints (1998)
Coasta Cabral, Celia, Kujal, Praveen [kujal], Petrakis, E.
The effect of trade quotas on firms’ incentive to invest in cost-reducing R&D is studied in a two-stage price-setting duopoly game. A domestic and a foreign firm first choose R&D levels and then...
Incentives for cost reducing innovations under quantitative import restraints (1996)
Costa-Cabral, Célia, Kujal, Praveen [kujal], Petrakis, Emmanuel
The effect of quotas on fmns' incentive to invest in cost-reducing R&D is studied in a two-stage price-setting duopoly. A domestic and a foreign firm choose initially R&D efforts and then set the...
Experimental tests of the endowment effect (1996)
Franciosi, Robert, Kujal, Praveen [kujal], Michelitsch, Roland, Smith, Vernon, Deng, Gang
The endowment effect, which predicts undertrading and a willingness-to-accept greater than willingness-to-pay, is studied using responses that remove all reference to buying or selling and focuses...
This paper studies the historical development of the regulatory process in India and the subsequent effect of regulatory controls on market structure, market performance, and product choice. The...
Implementation of quantity restrictions and the effect on market power (1995)
In this paper the differenee between firm-specific and market quotas as two kinds of quantity restrictions used as a reglllatory tool and their effect on market power is stressed. It is argued that...
Fairness: Effect on Temporary and Equilibrium Prices in Posted Offer Markets (1995)
Franciosi, Robert, Kujal, Praveen [kujal], Michelitsch, Roland, Smith, Vermon, Deng, Gang
Questionnaire studies suggest that perceptions of fairness cause people to resist price increases following abrupt changes in conditions with no cost justification. This hypothesis is examined in...
Firm Specific Output Limits in a Posted Offer Market: Distributive and Efficiency Effects (1994)
In this paper we look at the effect of the removal of firm-specific binding and non-binding quotas in experimental posted offer markets. In the experiments we see that the effect of both binding and...
We report results from five Posted-Offer experiments with firm-specific quotas. The average contract price converges from below the competitive equilibrium. Thus, the independence of the contract...