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This paper examines households’ preferences for community recycling programs,which have both public and private good … (or program changes) relative to status quo with experimental variation inthe overall community recycling rate achieved … and expected household cost. Thecommunity recycling rate is interpreted as capturing the public benefits of …
Persistent link: https://www.econbiz.de/10009305190
This paper reviews the Hotelling literature of product differentiation. The purpose of this work is to examine the impact of the market structure on price competitionand equilibrium differentiation. The existence of a general ’principle of differentiation’ is rejected. In contrast,...
Persistent link: https://www.econbiz.de/10005840975
We study product innovation and imitation in the market of corporate underwriting with a dynamic model where client switching costs and the bankers’ expertise in deal structuring characterize the life cycle of a security. While the clientele loyalty allows positive rent extraction, the superior...
Persistent link: https://www.econbiz.de/10005858093
The literature on new goods and social welfare generally assumes thatmanufacturers develop innovations. But innovation by users has been foundto also be an important part of innovative activity in the economy. In this Paperwe explore the impact of users as a source of innovation on product...
Persistent link: https://www.econbiz.de/10005870650
We analyze educational institutions’ incentives to set up demanding or lax curricula induopolistic markets for education with endogenous enrolment of students. We assume thatthere is a positive externality of student achievement on the local economy. Comparingthe case of regulated tuition fees...
Persistent link: https://www.econbiz.de/10009302671
The market for the new provisioning type Software-as-a-Service (SaaS) has reached a significantsize and still shows enormous growth rates. By varying size of SaaS products, providerscan improve their market position and profits by successfully acting in the tension area ofcustomer acquisition,...
Persistent link: https://www.econbiz.de/10009418872
We compare the advertising intensity and content of programming in a market withcompeting media platforms. With pay-tv, media platforms have two sources of revenues,advertising revenues and revenues from viewers. With free-to-air, media platformsreceive all revenues from advertising. We show...
Persistent link: https://www.econbiz.de/10005861251
Component commonality - the use of the same version of a component across multiple products - is being increasingly considered as a promising way to offer high external variety while retaining low internal variety in operations. However, increasing commonality has both positive and negative cost...
Persistent link: https://www.econbiz.de/10005865330
This article deals with the impact of intermediaries on insurance market transparancy and performance. In a market exhibiting product diferentiation and coexistence of of perfectly and imperfectly informed consumers, competition among insurers leads to non-existence of a pure-strategy market...
Persistent link: https://www.econbiz.de/10005867298
We define a two-variant model of product differentiation which, depending on the number of consumersprefering one variant to the other, provides equilibrium prices reflecting the natural valuation of thesevariants by the market....
Persistent link: https://www.econbiz.de/10005868502