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personal income taxation financed by a board based consumption tax. …
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This paper offers an informational explanation for asset price booms and crashes. If market fundamentals change, but the length of this process of change is unknown, market participants try to learn about it by observing market outcomes. This learning generates a boom and a crash, which we call...
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We analyse the impact of increased outside opportunities brought to consumers by access to a global market on local market performance under monopoly versus oligopoly. If consumers have to choose once where to shop we show that under all forms of organizing the local market, increased...
Persistent link: https://www.econbiz.de/10005498025
Expansion in mobile phone coverage has improved access to information throughout the developing world, particularly … within sub-Saharan Africa. The existing evidence suggests that information technology has improved market efficiency and … data from a farmer-level survey: we find that farmers owning mobile phones obtain more price information but do not engage …
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quality information, price information, and horizontal match information. Equilibrium is unique whenever advertising is … information. For a given quality level, as a function of consumer visit costs, first quality information is disclosed, then price … information and then horizontal product information are added to the advertising mix. Some suggestive evidence is provided from …
Persistent link: https://www.econbiz.de/10011083652
information transmission. In the case of uniform tariff, we argue that a positive price-cap on the charge to content is optimal … (with no constrain on the consumer side). Proposing menus helps signaling useful information to consumers and therefore …
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information and correlated between them. The principals benchmark their agents against each other by making the same offers in the …
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