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This paper explores consequences of consumer education on prices and welfare in retail financial markets when some consumers are naive about shrouded add-on prices and firms try to exploit it. Allowing for different information and pricing strategies we show that education is unlikely to push...
Persistent link: https://www.econbiz.de/10010337570
theories of competition, to show the process by which trust-promoting, societal-level moral codes promote productivity and …
Persistent link: https://www.econbiz.de/10009767626
abuse of market power can at least in Europe be prohibited by competition authorities. That is, according to our model there …
Persistent link: https://www.econbiz.de/10010406425
Prime and Netflix and Advertised-financed VoD like YouTube. Competition policy decisions in such dynamic markets are always … particularly challenging. The German competition authority was presented such a challenge when, at the beginning of the 2010s …
Persistent link: https://www.econbiz.de/10011923051
Prime and Netflix and Advertised-financed VoD like YouTube. Competition policy decisions in such dynamic markets are always … particularly challenging. The German competition authority was presented such a challenge when, at the beginning of the 2010s …
Persistent link: https://www.econbiz.de/10012005689
We investigate a market in which experts have a moral hazard problem because they need to invest in costly but unobservable effort to identify consumer problems. Experts have either high or low qualification and can invest either high or low effort in their diagnosis. High skilled experts are...
Persistent link: https://www.econbiz.de/10011687778
find that domestic competition does not seem to explain an excess or shortage of price changes at the sectoral level …
Persistent link: https://www.econbiz.de/10011597196
competition environments affect product prices. Using big data, we find that price variations are caused mainly by differential … competitive environments. More specifically, we find that Brand Competition Within Stores exerts the largest downward pressure on … prices. A 10 percent increase in the number of brands reduces prices by about 10 percent. Product Competition Within Stores …
Persistent link: https://www.econbiz.de/10015065342
decline in competition over the period. This increase in market power appears to explain part of the slowdown in productivity …
Persistent link: https://www.econbiz.de/10012548875
Hundreds of millions of microenterprises in emerging economies face increased competition from the entry and expansion …, neighborhood shops, confront competition from convenience chains (e.g., 7- Eleven) in Mexico. To address the endogeneity in time …
Persistent link: https://www.econbiz.de/10014536676