scholarly journals Competition, Product Proliferation, and Welfare: A Study of the US Smartphone Market

2020 ◽  
Vol 12 (2) ◽  
pp. 99-134 ◽  
Author(s):  
Ying Fan ◽  
Chenyu Yang

This paper studies (1) whether, from a welfare point of view, oligopolistic competition leads to too few or too many products in a market, and (2) how a change in competition affects the number and the composition of product offerings. We address these two questions in the context of the US smartphone market. Our findings show that this market contains too few products and that a reduction in competition decreases both the number and variety of products. These results suggest that product choice adjustment may exacerbate the welfare effect of a merger. (JEL D43, G34, K21, L13, L41, L63)

2016 ◽  
Vol 15 (2) ◽  
pp. 327-349 ◽  
Author(s):  
RACHEL BREWSTER ◽  
CLAIRE BRUNEL ◽  
ANNA MARIA MAYDA

AbstractIn this paper we claim that, in the WTO Appellate Body (AB)'s ruling in US‒Countervailing Measures (China), the AB decision has not put in question the practice of imposing countervailing duties (CVDs). While the US has formally ‘lost’ the case, a change in the procedures and tests used to motivate the CVD will allow the US to continue using this policy tool on the specified products. From an economic point of view, this is not welcome news since CVDs have the standard distortionary effects of tariffs and could go against environmental goals. From a political-economy point of view, the CVDs in this case appear driven by pressure of domestic manufacturers of clean energy technology and products.


2018 ◽  
Vol 5 (2) ◽  
pp. 140-148
Author(s):  
D. G. Dragan

In this article, the author attempts to determine the strategic directions of Romania’s foreign policy. Significant geopolitical events in Europe expose the need to clarify the priorities of the policy pursued by the country. Historically in foreign relations Romania has employed diplomatic strategies that allowed it, according to historians, to «anoeuvre» between the centres of power on the international arena. However, in the early 2000’s a departure from this tradition has become apparent, especially during the administration of Traian Basescu (2004–2014), which also coincided with the country’s joining NATO in 2004 and EU in 2007. After the collapse of the socialist bloc Romania set its priorities, firstly, in the direction of joining both NATO and EU and later bringing the country in accordance with their norms and standards was put high on the agenda. Having become a member of the Alliance and an EU-state, Romania has been determining its foreign policy from the point of view of synchronizing its strategic goals with those of NATO and EU. Along with this, the strategic partnership with the US and the attached to it significant importance for Romania dictate the one-sided political approach deprived of the traditional manoeuvre capability in foreign affairs. This is also proven by the fact that despite the declared and established privileged relations with a number of countries, the level of their “strategic” execution is very low in reality. That being said, the direction of the relations between Romania and the Russian Federation, whose views on many regional and international issues differ, are likely to be greatly influenced by the state of the Russia-West affairs. Having analyzed the historic and current aspects of Romania’s foreign policy, the author determines the preservation of the euroatlanticism course as the main direction of the development of the foreign policy of Romania.


لارك ◽  
2019 ◽  
Vol 1 (20) ◽  
pp. 30-40
Author(s):  
Sanaa Lazim Hassan

Sam Shepard is one of the controversial modern American playwrights who wrote about issues that are concerned with the individual in America rather than the institution In his theatre, the audience expects to see everything that concerns itself with the western culture and ignores that which is global. He is very much interested in the inner landscape of America rather than its position as the leader of the world. Thus, in his drama he preaches such ideology urging the US Administration to focus the attention on the American welfare. The research attempts an analysis on his play The States of Shock using the New Historicism approach through studying the writer’s point of view concerning the craft of war. Modern politics has been very influential on both the social as well as the literary scene. Wars, whether launched or were only loomed at, has been considered the most controversial subject about which plays, poems, and books were written. During the late 1980s and early 1990s, writers


2018 ◽  
Vol 7 (2) ◽  
pp. 192-196
Author(s):  
Margarita Igorevna Tulusakova

The paper studies the problem of the American press reaction to an attempted coup in Germany in 1923. The reasons for the Beer Hall Putsch from the point of view of the press were studied. The author shows the process of information accumulation about the putsch, the role and attitude of various representatives of the US press to it, and the international reaction to the Nazism. The role of Hitler in the coup attempt is analyzed. The author proves that there was direct influence of large American newspapers chief editors opinions on the information about the coup in Germany. The analysis of the US press reaction to the Beer Hall Putsch shows that American newspapers during the first days of the events observed these events closely. Moreover, the trends typical for the central press (coverage of international events, desire for analytics and forecasts) were also characteristic of small local periodicals. The Beer Putsch information support shows that in 1923 the US press was clearly divided in assessments about the most important issue: to support the rebels or to condemn them. The paper shows how the image of the Beer Hall Putsch influenced the policy of aggressors pacification in the future.


2021 ◽  
pp. 58-70
Author(s):  
Oleg G. Volotov ◽  
◽  
Sergei O. Volotov ◽  

In recent years, Hungary has frequently declared its special position on various issues, which differs from the point of view represented by Brussels. Brussels has, in return, criticized the Hungarian administration for restricting political rights, the growing role of state in the country's social and economic development, its persistent refusal to accept compulsory migrant quotas, its confrontation with Ukraine, and even its alleged anti-Semitism. The disaffection of Brussels with Hungarian Government policies was reflected in the Sargentini Report, which led to the threat of launching a procedure under Article 7 of the Treaty of Lisbon, which would have potentially suspended Hungary's voting rights in the EU and cut off its EU funding. Despite the existing divisions, Hungary values its EU and NATO memberships, as well as the improvements in relations with the US, although it still strives for independence while standing up for its own sovereignty. One of the tools of Hungarian foreign policy is the turn to the East, first and foremost to China and Russia, that allows Hungary to maneuver in a more effective way between the contemporary centers of power.


2008 ◽  
Vol 39 (1) ◽  
pp. 27-34 ◽  
Author(s):  
Z. Moyo ◽  
C. Firer

This paper tracks the development of the securitisation market in South Africa since the first securitisation in 1989. It gives a chronological account of securitisation issuance activity on the Bond Exchange of South Africa and identifies factors that have led to the development of the market. It also records some of the topical issues market participants face.Listing data from the Bond Exchange of South Africa was sorted and analysed. The views of market participants were captured through interviews and by attendance of the 2007 annual securitisation conference.The results show that the South African securitisation market has grown exponentially over the last seven years. Market participants expect this market to continue to grow, but at a slower pace, given the pressure that world credit markets are under as a result of the sub-prime crisis in the US. Market participants identified the constraints to growth as being insufficient capacity of local investors to take up the paper. From a supply point of view the South African banks have substantial securitisation capacity that is still untapped.


2017 ◽  
Vol 12 (01) ◽  
pp. 1750003 ◽  
Author(s):  
JOERG OSTERRIEDER ◽  
JULIAN LORENZ

We provide an extreme value analysis of the returns of Bitcoin. A particular focus is on the tail risk characteristics and we will provide an in-depth univariate extreme value analysis. Those properties will be compared to the traditional exchange rates of the G10 currencies versus the US dollar. For investors, especially institutional ones, an understanding of the risk characteristics is of utmost importance. So for Bitcoin to become a mainstream investable asset class, studying these properties is necessary. Our findings show that the bitcoin return distribution not only exhibits higher volatility than traditional G10 currencies, but also stronger non-normal characteristics and heavier tails. This has implications for risk management, financial engineering (such as bitcoin derivatives) — both from an investor's as well as from a regulator's point of view. To our knowledge, this is the first detailed study looking at the extreme value behavior of the cryptocurrency Bitcoin.


2021 ◽  
pp. 437-449
Author(s):  
Irina V. Morozova ◽  
Victoria I. Zhuravleva

The review outlines the major topics of the conference on American Studies held by RSUH in May 2021. Colonial and postcolonial discourses, their intervention and interpretation are still simultaneously extraordinarily enabling and theoretically problematic. The question is how literary and historical texts as well as cultural and political representations could be analyzed from colonial and postcolonial point of view. The conference topics integrated colonial and postcolonial discourses into a wide range of humanitarian fields in order to understand their common elements, which make a contribution to an identifiable American national outlook. Themes of interest included colonialism as a discourse of domination; hybrid modalities of identity and their difference; ethnographic translations of radical alterity; postcolonialism and feminism as critical discourses; the relationship between race, language, and culture; global history and postcolonialism; postcolonial discourse in the US foreign policy.


2018 ◽  
Vol 3 (3) ◽  
pp. 52
Author(s):  
Victor Alexandre G. Teixeira

This study attempts to better understand the geopolitical, geostrategic, and geo-economic underpinnings behind the USA’s so-called “Pivot to Asia” by analyzing the dynamics behind the South China Sea dispute. The emergence of Asia as the power epicenter of the world is the defining paradigm shift of our time; and China’s meteoric economic rise was the determining factor behind this repositioning of geopolitical polarity. The study analyzes this dispute from the perspectives of the Containment Theory, Assumptions, Geo-Economic Strategies and Power. It also points out solutions to the conflict through international law and cooperation. Finally, emphasizes the importance of both, the geostrategic point of view and a geopolitical standpoint and has demonstrated that the US policy strategies towards Asia and the SCS are not helpful at all. Instead of focusing on containing China, the US should embrace China as a trading partner and become a neutral player in matters of the region including South China Sea.


2021 ◽  
Vol 23 (1) ◽  
pp. 278-285
Author(s):  
K. V. Sinegubova

The research objective was to identify the axiological values in uncensored free speech, i.e. natural written speech, of Soviet citizens. The axiological approach made it possible to identify individual life attitudes and values. The research featured a letter that the Kuzbass poet Mikhail A. Nebogatov wrote to the US President James Carter about the socio-political problem of dissidence. The author had no experience in professional journalism or in intercultural communication, which makes him a naive author. The text of the letter reflects the worldview and value system of the author himself rather than situational norms and pragmatic attitudes. M. A. Nebogatov represents himself not as a private person with a unique point of view, but as a speaker for the entire Soviet nation. He believed in the idea of the ideological and axiological unity of the Soviet society, hence the frequent use of the pronouns "we" and "our", as well as the general sense of self-righteousness. For him, Russian literature was the ultimate expression of the Soviet axiosphere, which resulted in numerous references to the authority of Russian writers. M. A. Nebogatov's expressive and appellative intention was to represent himself as a poet, which automatically made him the bearer of the national system of values, with Motherland and patriotism in its core. The axiological and conceptual analysis shows that natural written speech can help to identify the basic values of a social group, e.g., residents of a particular region.


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