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Tying-in Two-Sided Markets and the Honour All Cards Rule

Rochet, Jean-Charles; Tirole, Jean - C.E.P.R. Discussion Papers - 2007

Payment card associations offer both debit and credit cards and, until recently, engaged in a tie-in on the merchant side through the so-called honour-all-cards (HAC) rule. The HAC rule came under attack on the grounds that the credit and debit card markets are separate markets and that the...

Persistent link: https://www.econbiz.de/10005497791

Do Political Blogs Matter? Corruption in State-Controlled Companies, Blog Postings, and DDoS Attacks

Enikolopov, Ruben; Petrova, Maria; Sonin, Konstantin - C.E.P.R. Discussion Papers - 2012

Though new media has become a popular source of information, it is less clear whether or not they have a real impact on economic activity. In authoritarian regimes, where the traditional media are not free, this impact might be especially pronounced. We study consequences of blog postings of a...

Persistent link: https://www.econbiz.de/10011083322

Platform Siphoning: Ad-Avoidance and Media Content

Anderson, Simon P; Gans, Joshua - C.E.P.R. Discussion Papers - 2010

Content providers rely on advertisers to pay for content. TiVo, remote controls, and pop-up ad blockers are examples of ad-avoidance technologies that allow consumers to view content without ads, and thereby siphon off the content without paying the ‘price.’ We examine the content...

Persistent link: https://www.econbiz.de/10008468534

Media and Politics

Strömberg, David - C.E.P.R. Discussion Papers - 2015

This article provides a review of recent literature in economics on the effect of mass media on politics. The focus is on the welfare effects of mass media. I also discuss the likely implications of existing behavioral theories of media effects, developed outside of economics.

Persistent link: https://www.econbiz.de/10011168894

Piracy Prevention and the Pricing of Information Goods

Cremer, Helmuth; Pestieau, Pierre - C.E.P.R. Discussion Papers - 2006

This paper develops a simple model of piracy to analyze its effects on prices and welfare and to study the optimal enforcement policy. A monopolist produces an information good (involving a 'large' development cost and a 'small' reproduction cost) that is sold to two groups of consumers...

Persistent link: https://www.econbiz.de/10005504749

Auctions vs. Negotiations: The Effects of Inefficient Renegotiation

Herweg, Fabian; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2014

For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms auctions if sellers are likely to have superior information...

Persistent link: https://www.econbiz.de/10011096108

Advertising and the Distribution of Content

Weeds, Helen - C.E.P.R. Discussion Papers - 2012

distribution of content to pay TV and free-to-air broadcasters, and for internet distribution of content. …

Persistent link: https://www.econbiz.de/10011083559

Revolutionary Effects of New Information Technologies

den Berg, Gerard J van - C.E.P.R. Discussion Papers - 2005

In markets with imperfect information and heterogeneity, the information technology affects the rate at which agents meet, which in turn affects the distribution of production technologies across firms. We show that in models for such markets there are typically multiple equilibria because...

Persistent link: https://www.econbiz.de/10005788903

Does the 'New Economy' Measure up to the Great Inventions of the Past?

Gordon, Robert J - C.E.P.R. Discussion Papers - 2000

past, not in the future. The Internet fails as a Great Invention because much of its use involves substitution of existing … activities from one medium to another, because much Internet investment involves defence of market share rather than creation of … something of social value, because much Internet activity duplicates existing activity like mail order catalogues, while the …

Persistent link: https://www.econbiz.de/10005124176

Chicken and Egg: Competing Matchmakers

Caillaud, Bernard; Jullien, Bruno - C.E.P.R. Discussion Papers - 2001

intermediation on the Internet by allowing registration and transaction prices, and multiple registration. When only registration …

Persistent link: https://www.econbiz.de/10005136667