Nuestros investigadores

Francisco Galera Peral

Publicaciones científicas más recientes (desde 2010)

Autores: Galera, Francisco de Asís; Garcia-del-Barrio, P. ; Mendi, Pedro, (Autor de correspondencia)
ISSN 0922-680X  Vol. 55  Nº 1  2019  págs. 33 - 45
A well-known result with important policy implications is that an output increase is a necessary condition for social welfare to increase with third-degree price discrimination. In this paper, we explore the robustness of this result to the introduction of an assumption that is different than the conventional approach, namely preferences not being quasilinear. We show that in the presence of income differences among consumers, the aggregate utility of consumers may increase with price discrimination while total output remains constant. This result questions the general policy recommendation that third-degree price discrimination should be disapproved because it reduces welfare unless output increases. Our result highlights the crucial role of the assumption of quasilinear preferences in standard welfare calculations. In the presence of income differences, consumer surplus may be a biased welfare measure, thus potentially leading to incorrect conclusions when assessing the impact of specific policies.
Autores: Galera, Francisco de Asís; Mendi, Pedro; Molero, Juan Carlos;
ISSN 0095-2583  Vol. 55  Nº 1  2017  págs. 339 - 351
We propose a model with two markets to analyze the welfare implications of price discrimination with quality differences. In each market a local firm that operates in that market only competes against a global firm that operates in both markets. Local firms produce higher-quality goods than the global firm. If the quality levels of the local firms' products are the same, price discrimination is never welfare-decreasing. If they differ, discrimination is welfare-increasing if quantity increases. Because of a positive allocation effect of price discrimination, there are parameter values such that welfare increases while total output decreases with price discrimination. (JEL D43, D60)
Autores: Galera, Francisco de Asís; Mendi, Pedro; Molero, Juan Carlos;
ISSN 0931-8658  Vol. 120  Nº 3  2017  págs. 269 - 277
We discuss a potential limitation to a widely accepted result, namely that an output increase is a necessary condition for welfare to increase with price discrimination. We use a theoretical model to show that the existence of seasonal demand fluctuations may allow for a simultaneous reduction in verage output and increase in average welfare. We also discuss a number of extensions of our basic model.
Autores: Galera, Francisco de Asís; Álvarez, José Luis; Rodríguez, María Isabel;
ISSN 0927-5940  Vol. 23  Nº 1  2016  págs. 158 - 167
This paper compares the welfare effects of per-unit and ad valorem taxes in four pervasive price discrimination schemes: quantity discounts, two-part tariffs, bundling, and package size price discrimination. The paper shows by example that per-unit taxes may welfare dominate ad valorem tariffs in a market with a monopoly that maximizes profits by engaging in second-degree price discrimination.
Autores: Galera, Francisco de Asís; Kinateder, Markus; Mendi, Pedro;
ISSN 0931-8658  Vol. 113  Nº 2  2014  págs. 175 - 186
In the presence of a non-constant marginal cost and demand uncertainty, we show that an output increase is no longer a necessary condition for welfare to increase following the introduction of third-degree price discrimination. We thus highlight the existence of an effect that might offset the well known output and misallocation effects of price discrimination. We propose a specific example where this is indeed the case
Autores: Galera, Francisco de Asís; Mendi, Pedro; Molero, Juan Carlos;
ISSN 1350-4851  Vol. 21  Nº 17  2014  págs. 1221 - 1225
This article analyses a model in which a local monopolist that produces low-quality goods competes against a foreign competitive industry that produces a higher quality version of the goods. We use the model to analyse the welfare implications of introducing a unit tax on the local producer, relative to an ad valorem tax. We find parameter values for which the unit tax dominates the ad valorem tax, in the sense of increasing welfare while not reducing government revenues. This result contrasts with the mainstream results on the dominance of ad valorem over unit taxes
Autores: Galera, Francisco de Asís; Mendi, Pedro;
ISSN 1545-2921  Vol. 31  Nº 4  2011  págs. 3268-3274
Autores: Galera, Francisco de Asís; García, Pedro;
ISSN 0931-8658  Vol. 103  Nº 3  2011  págs. 271 - 287