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Bernergard, Axel; Wärneryd, Karl - 2017

We consider contestants who must choose exactly one contest, out of several, to participate in. We show that when the contest technology is of a certain type, or when the number of contestants is large, a self-allocation equilibrium, i.e., one where no contestant would wish to change his choice...

Persistent link: https://www.econbiz.de/10011744942

Imitation and the evolution of Walrasian behavior: theoretically fragile but behaviorally robust

Apesteguia, José; Huck, Steffen; Oechssler, Jörg; … - 2008

A well-known result by Vega-Redondo (1997) implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper, we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian...

Persistent link: https://www.econbiz.de/10010270592

The penalty-duel and institutional design: is there a Neeskens-effect?

Leininger, Wolfgang; Ockenfels, Axel - 2008

No abstract available

Persistent link: https://www.econbiz.de/10010264282

Regulatory and Bailout Decisions in a Banking Union

Haufler, Andreas - 2021

which banks are to be shut down before they can go bankrupt, and (ii) a loss allocation – or bailout – decision of who pays … a decentralized way. In our benchmark model the two countries always agree on a centralized regulation policy. In … contrast, bailout policies are centralized only when international spillovers from cross-border bank ownership are strong, and …

Persistent link: https://www.econbiz.de/10013236197

Demand Estimation Using Managerial Responses to Automated Price Recommendations

Garcia, Daniel; Tolvanen, Juha; Wagner, Alexander K. - 2021

We provide a new framework to identify demand elasticities in markets where managers rely on algorithmic recommendations for price setting, and apply it to a dataset containing bookings for a sample of mid-sized hotels in Europe. Using non-binding algorithmic price recommendations and observed...

Persistent link: https://www.econbiz.de/10012599214

Demand Estimation Using Managerial Responses to Automated Price Recommendations

García, Daniel; Tolvanen, Juha; Wagner, Alexander K. - 2021

Persistent link: https://www.econbiz.de/10013224074

Sports Clubs and Populism : Quasi-Experimental Evidence from German Cities

Foertsch, Mona; Rösel, Felix - 2023

Does social capital always promote solidarity and democracy, or are social networks such as sports clubs also … vulnerable to populism? We exploit quasi-experimental variation in sports club membership in German cities. Sports clubs are … with higher sports club membership rates in the wake of marginally promoted soccer teams. The populist momentum is however …

Persistent link: https://www.econbiz.de/10014261682

Self-Preferencing, Quality Provision, and Welfare in Mobile Application Markets

Teng, Xuan - 2022

Platforms may give preferential treatment to their own products in search results. Whether and how to regulate this self-preferencing behavior is an intensely debated antitrust issue. This paper identifies self-preferencing and quantifies its equilibrium welfare effects in Apple App Store. I...

Persistent link: https://www.econbiz.de/10013470301

The Sequential Search Model: A Framework for Empirical Research

Ursu, Raluca; Seiler, Stephan; Honka, Elisabeth - 2023

We provide a detailed overview of the empirical implementation of the sequential search model proposed by Weitzman (1979). We discuss the assumptions underlying the model, the identiﬁca-tion of search cost and preference parameters, the necessary normalizations of utility parameters,...

Persistent link: https://www.econbiz.de/10014290174

Prices and Mergers in a General Model of Multi-Sided Markets

Bajo-Buenestado, Raúl; Kinateder, Markus - 2023

We present a general and tractable oligopoly model of multi-sided platforms with endogenous side and platform choices of heterogeneous end-users, considering any mix of single-homing and multi-homing platforms and in which participating on one side could preclude doing so on others. We show the...

Persistent link: https://www.econbiz.de/10014469612