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Customer Infomation Sharing: Strategic Incentives and New Implications
Kim, Byung-Cheol; Choi, Jay Pil - NET Institute - 2007
We study oligopolistic firms' incentives to share customer information about past purchase history in a situation where firms are uncertain about whether a particular consumer considers the product offerings complements or substitutes. By addressing this new type of behavior-based price...
Persistent link: https://www.econbiz.de/10005585473
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Network Externalities, Mutuality, and Compatibility
Nagler, Matthew G. - NET Institute - 2008
Positive network externalities can arise when consumers benefit from the consumption of compatible products by other … consumers (user-positive consumption externalities) or, alternatively, when they incur costs from the consumption of … incompatible products by other consumers (nonuser-negative consumption externalities). But whereas user-positive externalities are …
Persistent link: https://www.econbiz.de/10005760645
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Congestion Pricing in an Internet Market
Canals-Cerda, Jose - NET Institute - 2005
This paper analyzes a unique dataset of art auctions on eBay. We study the behavior of buyers and sellers, demand and supply, by means of a novel structural estimation approach. Our empirical framework considers the process of arrival of new bidders as well as the distribution of bidder...
Persistent link: https://www.econbiz.de/10005585491
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e-Book Platform Competition in the Presence of Two-Sided Network Externalities
Jiang, Yabing - NET Institute - 2012
The success of the Kindle e-book platform and the increased popularity of e-books among members of the reading community have attracted extensive interest in the high-tech industry. New platform providers are jumping in the market to compete for device and e-book sales. In this paper, we model...
Persistent link: https://www.econbiz.de/10010905457
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Standards Competition In The Presence Of Digital Conversion Technology: An Empirical Analysis Of The Flash Memory Card Market
Liu, Charles Z.; Kemerer, Chris F.; Smith, Michael D. - NET Institute - 2007
Both theoretical and empirical evidence suggest that in markets with standards competition, strong network effects can make the strong grow stronger and, in some circumstances, even “tip” the market towards a single, winner-take-all standard. We theorize that in the presence of low cost...
Persistent link: https://www.econbiz.de/10005622731
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How does Bid Visibility Matter in Buyer-Determined Auctions? Comparing Open and Sealed Bid Auctions in Online Labor Markets
Hong, Kevin Yili; Wang, Alex Chong; Pavlou, Paul A. - NET Institute - 2013
the bidders’ entry strategies (number of bids and quality of bids) and auction performance (buyer surplus, contract … effect of open bid versus sealed bid on bidder strategic entry and auction performance. Using a proprietary large … outperform sealed bid BD auctions in terms of the quality of bids and auction performance. Specifically, compared with sealed bid …
Persistent link: https://www.econbiz.de/10011141097
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Information Aggregation and Innovation in Market Design
Ollar, Mariann; Rostek, Marzena - NET Institute - 2011
The literature on information aggregation predicts that market growth unambiguously reduces uncertainty about the value of traded goods. The results were developed within the classical model, which assumes that traders’ values for the exchanged good are determined by fundamental (common)...
Persistent link: https://www.econbiz.de/10010905451
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Common Agency and Coordinated Bids in Sponsored Search Auctions
Decarolis, Francesco; Goldmanis, Maris; Penta, Antonio - NET Institute - 2013
agency can undermine both revenues and efficiency of the generalized second price auction, the format used by Google and … and the case of agency bidding under an alternative auction format (specifically, the VCG mechanism). We propose a simple …
Persistent link: https://www.econbiz.de/10010905454
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Competing for Influencers in a Social Network
Katona, Zsolt - NET Institute - 2013
This paper studies the competition between firms for influencers in a network. Firms spend effort to convince influencers to recommend their products. The analysis identifies the offensive and defensive roles of spending on influencers. The value of an influencer only depends on the in-degree...
Persistent link: https://www.econbiz.de/10010905472
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A Dynamic Model of Sponsored Search Advertising
Yao, Song; Mela, Carl F. - NET Institute - 2008
targeted model of advertising. Third, we explore several different auction pricing mechanisms and assess the role of each on …
Persistent link: https://www.econbiz.de/10005622736