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competition. Where firms have some market power, as in the market for information goods, we expect discriminatory pricing to … become the norm. Apart from posted prices, the internet has extended the use of auctions, even to relatively low-value goods … well as economic efficiency, and may emerge as the principal pricing method for a large number of goods and services. …
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Research highlight based on a paper titled “Groundwater markets promoting efficiency in water use in agriculture in Karnataka.”
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Information intermediaries deliver information about a supplier's product. They are paid by those same suppliers they certify. This introduces conflicts of interests as the intermediaries want to retain customers by delivering truthful information about suppliers, while suppliers would want the...
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Flat – rated internet pricing is increasingly becoming the most common mode of dial - up access nowadays. However, the … end and assuming flat – rated internet pricing, several interconnection models are studied. Among the metered models, the … always the case, both sides are probably right. This paper addresses an important issue on dial up internet access and …
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In markets with imperfect information and heterogeneity, the information technology affects the rate at which agents meet, which in turn affects the distribution of production technologies across firms. We show that in models for such markets there are typically multiple equilibria because...
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