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In our model, market consists of two types of consumers who receive some common utility from the basic functionality of the information good but have heterogeneous valuation for other value enhancing functionalities. We show that in absence of piracy, versioning is optimal when the proportion of...
Persistent link: https://www.econbiz.de/10014175513
With the advent of Groupon.com in 2008, daily deal platforms have seen phenomenal growth. Surprisingly there is very sparse analytical research that has studied the economics of the daily deal platforms which are two-sided in the sense that they connect merchants on the one side to consumers on...
Persistent link: https://www.econbiz.de/10013083756
A third-party-online-promotion marketplace allows merchants to reach out to consumers who are uninformed about merchants' offering, and charges commission from them. We consider a market that has two types of merchants who are heterogeneous in the proportion of consumers who are informed about...
Persistent link: https://www.econbiz.de/10012859432
Online personalization services belong to a class of economic goods with "no-free-disposal" (NFD) property, where due to privacy concerns more services is not always preferred to less. We examine vendor strategies for a market with heterogeneous consumers and where the vendor can also "buy"...
Persistent link: https://www.econbiz.de/10014050083
This paper models the pricing of digital experience goods such as online video in a vertically segmented market under threat of piracy. By definition consumers know the true fit of an experience good only after they have consumed it and piracy offers an illegal consumption method. We develop a...
Persistent link: https://www.econbiz.de/10014076916
Recent research has found evidence of bias in algorithms used for hiring. Though recent literature on algorithmic fairness focused on improving fairness in selection algorithms, little work has focused on algorithms used in the resume sourcing phase. Algorithmic fairness in the selection phase...
Persistent link: https://www.econbiz.de/10014078764
The pervasiveness of the Internet and digitization has revolutionized the delivery and consumption of information goods. In this paper, we study the impact of digitization and the shift in consumers' preferences for the digital medium on outcomes including social welfare in content markets. We...
Persistent link: https://www.econbiz.de/10012889169
The goal of this paper is to showcase that the COVID-19 disease pattern is evolving and to study the relationship between mandatory BCG policy and caseload/million or death/per million. We analyze seven recent publications on the impact of BCG vaccinations on the development of COVID19 illness...
Persistent link: https://www.econbiz.de/10012836501
The efficacy of boards of directors as a critical governance institution has attracted increasing scrutiny in the wake of the recent financial meltdown. CEO compensation which consequentially determines overall management compensation in a firm, is a key governance decision entrusted with the...
Persistent link: https://www.econbiz.de/10012940561
The market for consumers' personal and preference information is growing as a result of both advances in information-acquisition technologies and increasing strategic importance of this information. Through a formal economic model of consumers' personalization-for-privacy (p4p) tradeoff, we...
Persistent link: https://www.econbiz.de/10014075017