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broker therefore strategically sells partial information on consumers in order to soften competition between firms. Extending …
Persistent link: https://www.econbiz.de/10012914903
Market delineation is a fundamental tool in modern antitrust analysis. However, the definition of relevant markets can be very difficult in practice. This preliminary draft applies a new methodology combining a simple price correlation test with hierarchical clustering -a method known from...
Persistent link: https://www.econbiz.de/10011911873
This paper examines the relation between audit market competition and audit quality. We use the staggered introduction … threat of competition for incumbent audit firms. Using a generalized difference-in-differences design, we find that the … increased threat of competition induced by the opening of a bullet train route in a city leads to a 6.1 percentage point (pp …
Persistent link: https://www.econbiz.de/10013224031
incumbent sellers sell at higher prices than entrants. This study develops a theory of dynamic pricing that explains these facts … degree of awareness about a seller is endogenous. The equilibrium is unique and efficient, and features randomized pricing …
Persistent link: https://www.econbiz.de/10012850789
business model, and competition, result in the platform allowing one type of customers to participate in the platform for free … by the participants on the platform as well as have heightened focus on non-price competition when the participation for … concern a free platform side where there is no monetary measure of value. Finally, dynamic competition makes the analysis of …
Persistent link: https://www.econbiz.de/10014128700
I present a game-theoretic model where economic competition and attention competition are interdependent. On the one … price competition among all perceived firms. On the other hand attracting attention involves costs which must be covered by … the earnings from competition. It is the task of this paper to clarify the consequences of such an interdependence between …
Persistent link: https://www.econbiz.de/10010316856
platforms and platform competition, and elaborates on some routes taken by recent research. …
Persistent link: https://www.econbiz.de/10011570171
pricing algorithms that allow for high-frequency price changes. What are the implications for price competition? We develop a … model of price competition where firms can differ in pricing frequency and choose algorithms that autonomously react to …Increasingly, retailers have access to better pricing technology, especially in online markets. Firms employ automated …
Persistent link: https://www.econbiz.de/10012175360
surplus compared to duopoly competition between platforms that charge positive fees on content providers. We also discuss the …
Persistent link: https://www.econbiz.de/10010320106
intensified competition for consumers. …
Persistent link: https://www.econbiz.de/10010320284