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procedures used in practice, namely a quasilinear scoring auction and negotiation. Specifically, we characterize an upper bound … to what a quasilinear scoring auction and negotiation can achieve, and compare the performance of these procedures … numerically. Quasilinear scoring auctions are able to extract a good proportion of the surplus from being strategic. Negotiation …
Persistent link: https://www.econbiz.de/10005123964
effects of bundling in the office productivity software market. We examine the competitive effects of bundling in a simulated …
Persistent link: https://www.econbiz.de/10011083678
The government wants two tasks to be performed. In each task, unobservable effort can be exerted by a wealth-constrained private contractor. If the government faces no binding budget constraints, it is optimal to bundle the tasks. The contractor in charge of both tasks then gets a bonus payment...
Persistent link: https://www.econbiz.de/10011084088
programming market, bundling by both cable systems and programmers, online video distribution, and temporary programming blackouts …
Persistent link: https://www.econbiz.de/10011084592
bundling if consumer types are affiliated. Conversely, if consumer types are negatively affiliated over some portion of types … then some bundling occurs. …
Persistent link: https://www.econbiz.de/10011145402
(bundling) are allowed, but can only be proposed once in a legislative term; (b) the person who designs the package is also …
Persistent link: https://www.econbiz.de/10005791780
Theories of bundling have had great importance in European competition policy in recent merger control and abuse of … bundling cases can be structured. We first provide an overview of existing bundling theories, concentrating on robust economic … anticompetitive bundling. We show that a careful reading undermines recently proposed arguments for a (modified) per se legality rule …
Persistent link: https://www.econbiz.de/10005123890
In February 2008, British Telecommunications (BT) introduced automatically renewing, or ‘rollover’, contracts into the UK market for fixed-voice telephone service. These contracts included a 12-month Minimum Contract Period (MCP) with associated Early Termination Charges (ETCs). Unless...
Persistent link: https://www.econbiz.de/10009385761
We measure how the bundling of television channels affects welfare. We estimate an industry model of viewership, demand …, pricing, bundling, and input market bargaining using data on ratings, purchases, prices, bundles, and input costs. We conduct …
Persistent link: https://www.econbiz.de/10009001064
This paper considers an equilibrium model of unemployment in a labour market where all vacancies are advertised in a newspaper. Unemployment occurs in occupations that are short on vacancies. New vacancies are created by entrepreneurial search and investment, so it may take some time before an...
Persistent link: https://www.econbiz.de/10005504418