BEGIN:VCALENDAR
VERSION:2.0
PRODID:icalendar-ruby
CALSCALE:GREGORIAN
X-WR-CALNAME:Research Presentation - Shubhranshu Singh from Johns Hopkins
X-WR-TIMEZONE:Eastern Time (US & Canada)
BEGIN:VEVENT
DTSTAMP:20260910T193837Z
UID:tag:localist.com\,2008:EventInstance_47940363806023
DTSTART:20241122T190000Z
DTEND:20241122T203000Z
DESCRIPTION:Product development in certain consumption contexts can be fair
 ly resource intensive. In such contexts\, we observe government agencies m
 ake substantial infrastructure investments that enable product development
  and improve social welfare. In these contexts\, it is also common to obse
 rve the presence of private firms that leverage government investments in 
 infrastructure to develop products and generate profits. We construct a mi
 xed oligopoly model to analyze the implications of such public-private int
 eractions on infrastructure quality\, product quality and prices. We have 
 four main results: first\, when it is optimal for the government to permit
  the entry of a private firm\, the government invests more in developing i
 nfrastructure. Second\, the quality received by the consumer might improve
  or worsen in the presence of a private firm\, depending on the relative p
 roduct development efficiency as well as cost of infrastructure developmen
 t. Third\, private presence can lead to a significant reduction in consume
 r surplus\, especially at the lower end of the market. Fourth\, depending 
 on the relative product development efficiency of the private firm\, the g
 overnment might implement policies that prevent the private firm from ente
 ring the market. Finally\, there exist circumstances under which private p
 resence can be beneficial in that it leads to products that not only enhan
 ce social welfare but also improve overall consumer surplus.
GEO:25.757783;-80.377122
LOCATION:CBC - College of Business Complex\, 140
SUMMARY:Research Presentation - Shubhranshu Singh from Johns Hopkins
URL;VALUE=URI:https://calendar.fiu.edu/event/research-presentation-shubhran
 shu-singh-from-johns-hopkins
END:VEVENT
END:VCALENDAR