Nous examinons l'impact de la structure horizontale et verticale d'un marché sur les incitations à l'innovation et sur la variété des produits. Nous considérons le marché d'un bien homogène où un producteur peut innover pour étendre sa gamme de produits en créant un nouveau produit...

[fre] Nous examinons l’impact des structures de marché sur la variété des produits, lorsque le coût de lancement d’un nouveau produit est fixe et réparti entre les secteurs de production et de distribution. Une chaîne intégrée verticalement offre alors une plus grande variété de...

We examine the impact of horizontal and vertical market structure on product variety. Weconsider a market for horizontally differentiated products where the cost of launching a newproduct is fixed and spread between the manufacturing and the retail industries. We show thata vertically integrated...

In this paper, we examine the impact of horizontal and vertical market structure on product variety. We consider a market for horizontally differentiated products in which the cost of launching a new product is fixed and spread between the manufacturing and the retail industries. While this...

Whether consumers are aware of potentially adverse product effects, is key for private and social incentives to disclose information. To obtain a better understanding of this issue we propose a simple monopoly model that highlights the conceptual difference between consumer unawareness and...

Whether consumers are aware of potentially adverse product effects is key to private and social incentives to disclose information about undesirable product characteristics. In a monopoly model with a mix of aware and unaware consumers, a larger share of unaware consumers makes information...

In this paper we analyze a consumer choice model with price uncertainty, loss aversion, and expectation-based reference points. The implications of this model are tested in an experiment in which participants have to make a consumption choice between two sandwiches. We make use of the fact that...