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The goal of this paper is to study the frequency of new product introductions in monopoly markets where demand is subject to transitory saturation. We focus on those types of goods for which consumers purchase at most one unit of each variety, but repeat purchases in the same product category....
Persistent link: https://www.econbiz.de/10009386642
The paper offers an overview of the literature on bundling in the telecommunications sector and its application in the Spanish market. We argue that the use of bundling in the provision of services is associated to technological reasons. Therefore, there appears no need to regulate bundling...
Persistent link: https://www.econbiz.de/10008574231
The goal of this paper is to reexamine the optimal design and efficiency of loyalty rewards in markets for final consumption goods. While the literature has emphasized the role of loyalty rewards as endogenous switching costs (which distort the efficient allocation of consumers), in this paper I...
Persistent link: https://www.econbiz.de/10008578131
The goal of this paper is to study the role of multi-product firms in the market provision of product variety. The analysis is conducted using the spokes model of non-localized competition proposed by Chen and Riordan (2007). Firstly, we show that multi-product firms are at a competitive...
Persistent link: https://www.econbiz.de/10005168450
!'s search advertising business. Two of the deals have not raised antitrust concerns by competition authorities. I review these …
Persistent link: https://www.econbiz.de/10005098310
analysis, an e-tailer?s Internet search engine rank as well as its advertising activities in search engines serve as proxies … with investments in online advertising. Moreover, banner ads seem to serve as price advertising mechanism, whereas …
Persistent link: https://www.econbiz.de/10005098351
subscribe to a service which provides free-of-charge access to streaming music and which is funded by advertising, or to pay a …-of-charge for subscribers if advertising imposes a weak nuisance to music consumers. If this is the case, and by imposing an … endogenously determined level of advertising which is provided by homogeneous advertisers, we find that a monopolistic streaming …
Persistent link: https://www.econbiz.de/10009211178
subscribe to a service which provides free-of-charge access to streaming music and which is funded by advertising, or to pay a … investigation shows that it can be highly profitable to launch a business which is free-of-charge for subscribers if advertising … advertising which will be provided by homogeneous advertisers, the analysis shows that the monopolistic streaming service …
Persistent link: https://www.econbiz.de/10009283660
As shown by R. Hahn [6], free allocation equal to the amount of permits a firm with market power uses in equilibrium, can prevent welfare losses. If the necessary amount of free allocation is not provided to the firm with market power, a second best solution is obtained where marginal abatement...
Persistent link: https://www.econbiz.de/10010957597
We estimate the effect of R&D spillovers on sales realized by products new to the firm (imitation) and new to the market (innovation). It turns out that spillovers from rivals lead to more imitation, while inputs from customers and research institutions enhance original innovation.
Persistent link: https://www.econbiz.de/10010957653