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Price setting in a decentralized market and the competitive outcome
Lauermann, Stephan - 2008
This paper studies a decentralized, dynamic matching and bargaining market: buyers and sellers are matched into pairs …. Traders exit the market at a constant rate, inducing search costs (frictions). All price offers are made by sellers. Despite … static results of the decentralized trading outcome with respect to the level of the search frictions. …
Persistent link: https://www.econbiz.de/10010264835
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Selling Cookies
Bergemann, Dirk - 2013
We analyze data pricing and targeted advertising. Advertisers seek to tailor their spending to the value of each consumer. A monopolistic data provider sells cookies -- informative signals about individual consumers' preferences. We characterize the set of consumers targeted by the advertisers...
Persistent link: https://www.econbiz.de/10013073446
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Selling Cookies
Bergemann, Dirk - 2014
We propose a model of data provision and data pricing. A single data provider controls a large database that contains information about the match value between individual consumers and individual firms (advertisers). Advertisers seek to tailor their spending to the individual match value. The...
Persistent link: https://www.econbiz.de/10013047747
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Selling Cookies
Bergemann, Dirk - 2014
We develop a model of data pricing and targeted advertising. A monopolistic data provider determines the price to access "cookies," i.e., informative signals about individual consumers' preferences. The demand for information is generated by advertisers who seek to tailor their spending to the...
Persistent link: https://www.econbiz.de/10013062477
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Information acquisition and strategic disclosure in oligopoly
Jansen, Jos - 2007
I study the incentives of oligopolists to acquire and disclose information on a common demand intercept. Since firms may fail to acquire information even when they invest in information acquisition, firms can credibly conceal unfavorable news while disclosing favorable news. Firms may earn...
Persistent link: https://www.econbiz.de/10010264821
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Strategic information disclosure and competition for an imperfectly protected innovation
Jansen, Jos - 2009
The imperfect appropriability of revenues from innovation affects the incentives of firms to invest, and to disclose information about their innovative productivity. It creates a free-rider effect in the competition for the innovation that countervails the familiar business-stealing effect....
Persistent link: https://www.econbiz.de/10010285360
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Incomplete-information models of large economies with anonymity: Existence and uniqueness of common priors
Hellwig, Martin - 2011
The paper provides a specification of belief systems for models of large economies with anonymity in which aggregate states depend only on cross-section distributions of types. For belief systems satisfying certain conditions of mutual absolute continuity, the paper gives a necessary and...
Persistent link: https://www.econbiz.de/10010286705
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From posteriors to priors via cycles: An addendum
Hellwig, Martin - 2011
Rodrigues-Neto (2009) has shown that a given specification of posteriors of different players in an incomplete-information setting is compatible with a common prior if and only if the posteriors satisfy the so-called cycle equations. This note shows that, if, for any player, any element of the...
Persistent link: https://www.econbiz.de/10010286729
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Too much information sharing? Welfare effects of sharing acquired cost information in oligopoly
Ganuza, Juan José; Jansen, Jos - 2010
By using general information structures and precision criteria based on the dispersion of conditional expectations, we study how oligopolists' information acquisition decisions may change the effects of information sharing on the consumer surplus. Sharing information about individual cost...
Persistent link: https://www.econbiz.de/10010286731
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Strategic information disclosure and competition for an imperfectly protected innovation
Jansen, Jos - 2009
The imperfect appropriability of revenues from innovation affects the incentives of firms to invest, and to disclose information about their innovative productivity. It creates a free-rider effect in the competition for the innovation that countervails the familiar business-stealing effect....
Persistent link: https://www.econbiz.de/10003862257