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Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education

Kosfeld, Michael; Schüwer, Ulrich - C.E.P.R. Discussion Papers - 2011

Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...

Persistent link: https://www.econbiz.de/10009367427

Team Production in Competitive Labor Markets with Adverse Selection

Kosfeld, Michael; Von Siemens, Ferdinand - C.E.P.R. Discussion Papers - 2014

Team production is a frequent feature of modern organizations. Combined with team incentives, team production can create externalities among workers, since their utility upon accepting a contract depends on their team’s performance and therefore on their colleagues’ productivity. We study...

Persistent link: https://www.econbiz.de/10011084476

Downstream Competition, Foreclosure, and Vertical Integration

Chemla, Gilles - C.E.P.R. Discussion Papers - 2000

This paper analyses the impact of competition among downstream firms on an upstream firm's payoff and on its incentive … to vertically integrate when firms on both segments negotiate optimal contracts. We argue that tougher competition … firm is better off encouraging competition when the downstream firms have high bargaining power. We derive implications on …

Persistent link: https://www.econbiz.de/10005497922

Corporate Venture Capital: The Upside of Failure and Competition for Talent

Chemla, Gilles; de Bettignies, Jean-Etienne - C.E.P.R. Discussion Papers - 2003

. Competition from venture capitalists increases corporate venturing activity, the salaries of potential entrepreneurs, and total …

Persistent link: https://www.econbiz.de/10005067369