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This paper investigates the exercise of market power by a large buyer who emerges via growth, merger, or group purchasing. It explores the efficiency and redistributive effects of such an event when a competitive fringe of small buyers remains in the market. Terms of trade, including those for...
Persistent link: https://www.econbiz.de/10012756822
This book has three main objectives: (a) to discuss the main implications that consumers' inability to make rational choices can have on the functioning of second pillars, (b) to describe how jurisdictions have tried to address these problems through ad hoc policy interventions, and (c) to...
Persistent link: https://www.econbiz.de/10012757810
This paper challenges the traditional economic reasons supporting copyright licensing exclusivity in dealership agreements in media markets. It is argued how exclusive dealings in contents distributions acted in Europe as barriers to entry and/or raising rivals' costs strategies against new...
Persistent link: https://www.econbiz.de/10012735990
In a framework where mergers are mutually excluding, I show that firms pursue anti- rather than (alternative) pro-competitive mergers. Potential outsiders to anti-competitive mergers refrain from pursuing pro-competitive mergers if the positive externalities from anti-competitive mergers are...
Persistent link: https://www.econbiz.de/10012714401
This article analyzes the motivation for loan securitization and its effect on loan market efficiency. We consider a two-period loan market competition model in which period 2-competition is affected by the winner's curse. This increases ex ante competition for a greater initial market share....
Persistent link: https://www.econbiz.de/10012715327
This paper challenges the traditional economic reasons supporting copyright licensing exclusivity in dealership agreements in media markets. It is argued how exclusive dealings in contents distributions acted in Europe as barriers to entry and/or raising rivals' costs strategies against new...
Persistent link: https://www.econbiz.de/10012783526
Human behavior is affected by various forms of persuasion. The general persuasive effect of high expertise of the communicator, often referred to as quot;expert powerquot;, is well documented. We found that a single exposure to a combination of an expert and an object leads to a long-lasting...
Persistent link: https://www.econbiz.de/10012755122
We propose that consumers' investment decisions involve processes of promotion and prevention regulation that are managed across separate mental accounts, with different financial products seen as representative of promotion versus prevention. Consistent with this hypothesis, we show that (a)...
Persistent link: https://www.econbiz.de/10012757252
The last ten years have seen a growing number of optimal control theory applications to the field of advertising. This … paper presents an up-to-date survey of dynamic optimal control models in advertising that have appeared in the literature ….The basic problem underlying these models is an optimal control problem to determine the optimal rate of advertising …
Persistent link: https://www.econbiz.de/10012759619
common commercial advertising strategies), suggesting that sensitivity to information about thresholds is deeply rooted in …
Persistent link: https://www.econbiz.de/10012764845