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Hidden Champions (HCs) are firms unknown to the wider public, but global leaders in the niche markets they serve. This paper looks at distinctive features of these firms, focusing on their dynamic capabilities. Employing a unique data base on German firms, we identify a representative sample of...
Persistent link: https://www.econbiz.de/10011997801
Actors in various settings have been increasingly relying on algorithmic tools to support their decision-making. Much of the public debate concerning algorithms - especially the associated regulation of new technologies - rests on the assumption that humans can assess the quality of algorithms....
Persistent link: https://www.econbiz.de/10013499021
, consumers' willingness-to-pay for a AC1 reduction in fuel costs is below AC0.20). For this purpose, we use survey data on the … length of car ownership as stated by consumers to construct individual values of the present-discounted fuel costs. We then … the possibility to deduct a portion of annual fuel costs from taxes. Our results indicate that consumers' better financial …
Persistent link: https://www.econbiz.de/10011976135
Crowdfunding provides innovation in enabling entrepreneurs to contract with consumers before investment. Under … information threatens this benefit. Crowdfunding’s after-markets enable consumers to actively implement deferred payments and … thereby manage moral hazard. Popular crowdfunding platforms offer schemes that allow consumers to do so through conditional …
Persistent link: https://www.econbiz.de/10011590906
Pay What You Want (PWYW) and Name Your Own Price (NYOP) are customer driven pricing mechanisms that give customers (some) pricing power. Both have been used in service industries with high fixed costs to price discriminate without setting a reference price. Their participatory and innovative...
Persistent link: https://www.econbiz.de/10011591510
We analyze "Pay What You Want" as a business model for Open Access publishing by discussing motives leading authors to make voluntary contributions, potential benefits for publishers and present results from a field experiment at one publisher. Data from the field experiment indicate authors'...
Persistent link: https://www.econbiz.de/10011591534
The present study investigates how the framing of information on the environmental impact of vehicles affects consumers … consumer decisions. However, as this study demonstrates, the type of information presented to consumers significantly affects … consumers' valuation of environmental benefits from a reduction in FC or CO2. The study's contribution lies in quantifying the …
Persistent link: https://www.econbiz.de/10012033491
Open access (OA) publishing upends the traditional business model in scientific publishing by requiring authors instead of readers to pay for the publishing-related costs. In this paper, we aim to elicit the willingness to pay (WTP) of authors for open access publishing. We conduct two separate...
Persistent link: https://www.econbiz.de/10012500292