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Chen, M. Keith - 2006

While competition between firms producing substitutes is well understood, less is known about rivalry between complementors. We study the interaction between firms in markets with one-way essential complements. One good is essential to the use of the other but not vice versa, as arises with an...

Persistent link: https://www.econbiz.de/10012732764

Strategic Supply Function Competition with Private Information

Vives, Xavier - 2009

A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function equilibrium is characterized; the equilibrium is privately...

Persistent link: https://www.econbiz.de/10014202206

Consumers on a Leash : Advertised Sales and Intertemporal Price Discrimination

Oery, Aniko - 2016

The Internet allows sellers to track “window shoppers,” consumers who look but do not buy, and to lure them back later by targeting them with an advertised sale. This new technology thus facilitates intertemporal price discrimination, but simultaneously makes it too easy for a seller to...

Persistent link: https://www.econbiz.de/10012986538

Selling Consumer Data for Profit : Optimal Market-Segmentation Design and its Consequences

Yang, Kai Hao - 2020

A data broker sells market segmentations created by consumer data to a producer with private production cost who sells a product to a unit mass of consumers with heterogeneous values. In this setting, I completely characterize the revenue-maximizing mechanisms for the data broker. In particular,...

Persistent link: https://www.econbiz.de/10014092360

Collective Reputation, Professional Regulation and Franchising

Evans, Robert - 2007

Collective reputation and its associated free-rider problem have been invoked to justify state licensing of professions and to explain the incidence of franchising. We examine the conditions under which it is possible to create a Pareto-improving collective reputation among groups of...

Persistent link: https://www.econbiz.de/10012775992

Spatial Distribution of Supply and the Role of Market Thickness : Theory and Evidence from Ride Sharing

Ghili, Soheil - 2020

This paper develops a strategy with simple implementation and limited data requirements to identify spatial distortion of supply from demand – or, equivalently, unequal access to supply among regions – in transportation markets. We apply our method to ride-level, multi-platform data from New...

Persistent link: https://www.econbiz.de/10012843996

Three Minimal Market Institutions with Human and Algorithmic Agents : Theory and Experimental Evidence

Huber, Jürgen - 2010

) in laboratory relative to the predictions of theory. Unlike open or partial equilibrium settings of most other …. General equilibrium theory, since it abstracts away from market mechanisms and has no role for money or credit, makes no … of feedback from buying an endowed good is missed. Inclusion of mechanism differences into theory may enhance our …

Persistent link: https://www.econbiz.de/10012759879

Does Reducing Spatial Differentiation Increase Product Differentiation? Effects of Zoning on Retail Entry and Format Variety

Datta, Sumon; Sudhir, K. - 2012

competitive intensity. Second, the cross-market variations in zoning regulations helps us test and provide evidence for the theory …

Persistent link: https://www.econbiz.de/10014188312

Three Minimal Market Institutions with Human and Algorithmic Agents : Theory and Experimental Evidence

Huber, Jürgen; Shubik, Martin; Sunder, Shyam - 2010

the predictions of theory. These closed exchange economies have some cash to facilitate transactions, and include feedback … dominates the others across six measures of performance. Inclusion of some mechanism differences into theory may enhance our …

Persistent link: https://www.econbiz.de/10014198608

The Benefit of Collective Reputation

Neeman, Zvika - 2017

We study a model of collective reputation and use it to analyze the benefit of collective brands. Consumers form beliefs about the quality of an experience good that is produced by one firm that is part of a collective brand. Consumers' limited ability to distinguish among firms in the...

Persistent link: https://www.econbiz.de/10012965912