Showing 1 - 10 of 1,295
We analyze a model where consumers sequentially search experts for treatment recommendations and prices, facing either zero or a positive search cost, while experts simultaneously compete in these two dimensions. In equilibrium, experts may “cheat” by overstating the severity of a...
Persistent link: https://www.econbiz.de/10015214365
Incumbent firms may acquire start-ups to eliminate potential competition without intending to develop new technology (killer acquisitions). We develop a model to examine the incentives and welfare implications of killer acquisitions under different market structures: vertical separation and...
Persistent link: https://www.econbiz.de/10015214818
Increasing evidence shows that ICT investment improves firm performance. Among the many explanations on why ICT contributed to labor productivity surge since 1990, this is the most promising one. It is thus necessary to take the firm as an information processing organization, putting it in...
Persistent link: https://www.econbiz.de/10015215721
Increasing evidence shows that ICT investment improves firm performance. Among the many explanations on why ICT contributed to labor productivity surge since 1990, this is the most promising one. It is thus necessary to take the firm as an information processing organization, putting it in...
Persistent link: https://www.econbiz.de/10015216635
The aim of this paper is to analyze the impact of the existence of mutual firms on the behavior of an insurance company and more precisely to study in which situations a private insurance firm may replace mutual agreements. Our approach differs from the existing literature as we integrate the...
Persistent link: https://www.econbiz.de/10015216956
This paper takes the firm as an information processing unit. It provides a model that involves the division of labour and specialization, and demand uncertainty. It shows that conditionally, a firm with information processing ability comes into being endogenously, with information rent...
Persistent link: https://www.econbiz.de/10015219689
This paper takes the firm as an information processing unit. It provides a model that involves the division of labour and specialization, and demand uncertainty. It shows that conditionally, a firm with information processing ability comes into being endogenously, with information rent...
Persistent link: https://www.econbiz.de/10015220716
The internationalization of R&D network is a recent phenomenon. In this knowledge based environment, the driving forces for this phenomenon are digitization, the internet, and high-speed data networks that are keys to address many of the operational issues from design to logistics and...
Persistent link: https://www.econbiz.de/10015224582
The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive interactive profit expectations model (AIE)....
Persistent link: https://www.econbiz.de/10015231469
This paper explores how social interactions among consumers shape markets. In a two-country model, consumers meet and exchange information about the quality of the goods. As information spreads, the demands evolve, affecting the prices and quantities manufactured by profit-maximizing firms. We...
Persistent link: https://www.econbiz.de/10015235988