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Loss Aversion and the Uniform Pricing Puzzle for Vertically Differentiated Products
Courty, Pascal; Nasiry, Javad - C.E.P.R. Discussion Papers - 2015
The uniform pricing puzzle for vertically differentiated products states that a monopolist sells high and low quality products at the same price despite the fact that quality is perfectly observable and that there are no significant costs of adjusting prices. The puzzle is relevant for movies,...
Persistent link: https://www.econbiz.de/10011249375
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Demand Fluctuations, Capacity Constraints and Repeated Interaction: An Empirical Analysis of Service Quality Adjustments
Chatain, Olivier; Eizenberg, Alon - C.E.P.R. Discussion Papers - 2015
We utilize a unique database from a large legal services provider to examine how service quality responds to the firm's available capacity and workload, and to the nature of the firm-client relationship. We develop empirical measures of both the (internal) level of resources available to the...
Persistent link: https://www.econbiz.de/10011262890
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Heterogeneous Price Information and the Effect of Competition
Lach, Saul; Moraga-González, José-Luis - C.E.P.R. Discussion Papers - 2009
. We provide an empirical strategy to identify how the response of prices to increased competition varies along the price …
Persistent link: https://www.econbiz.de/10005025515
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Leveraging Monopoly Power by Degrading Interoperability: Theory and evidence from computer markets
Genakos, Christos D.; Kühn, Kai-Uwe; Van Reenen, John - C.E.P.R. Discussion Papers - 2011
When will a monopolist have incentives to foreclose a complementary market by degrading compatibility … market by 'restoring' second degree price discrimination. In a random coefficient model with complements we derive a policy … leverage market power from personal computer to server operating systems. We estimate a structural random coefficients demand …
Persistent link: https://www.econbiz.de/10009209834
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Good rankings are bad - Why reliable rankings can hurt consumers
Bouton, Laurent; Kirchsteiger, Georg - C.E.P.R. Discussion Papers - 2011
due to consumption externalities. Finally, with perfectly flexible prices the ranking might increase the market power of …
Persistent link: https://www.econbiz.de/10009385758
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Scale Economies in Nonprofit Provision, Technology Adoption and Entry
Scharf, Kimberley - C.E.P.R. Discussion Papers - 2011
We study competition between nonprofit providers supplying a collective service through increasing-returns-to-scale technologies. When providers adopt a not-for-profit mission, the absence of a residual claimant can impede entry, pro- tecting the position of an inefficient incumbent. Moreover,...
Persistent link: https://www.econbiz.de/10009367421
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Import Competition and Exit in Business Services Sectors
Bombarda, Pamela; McCann, Fergal; Toubal, Farid - C.E.P.R. Discussion Papers - 2010
Business services firms are increasingly under pressure from foreign competition. We develop an oligopolistic competition model that studies the effect of trade liberalization on exit and sectoral restructuring in the business services sector. We assume that firms are heterogeneous in their...
Persistent link: https://www.econbiz.de/10008692315
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Effects of Acquisitions on Product and Process Innovation and R&D Performance
Cefis, Elena; Rosenkranz, Stephanie; Weitzel, Utz - C.E.P.R. Discussion Papers - 2005
Using a game theoretical model on firms' simultaneous investments in product and process innovation, we deduct and empirically test hypotheses on the optimal R&D portfolio, investment, performance, and dynamic efficiency of R&D for acquisitions and in independently competing firms. We use...
Persistent link: https://www.econbiz.de/10005123533
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Market Dominance and Behaviour-Based Pricing under Horizontal and Vertical Differentiation
Gehrig, Thomas; Shy, Oz; Stenbacka, Rune - C.E.P.R. Discussion Papers - 2007
inherited market dominance. Under horizontal differentiation behaviour-based pricing does not by itself lead to persistence of …
Persistent link: https://www.econbiz.de/10005123558
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The Quality-Complementarity Hypothesis: Theory and Evidence from Colombia
Kugler, Maurice; Verhoogen, Eric A - C.E.P.R. Discussion Papers - 2009
plant size. We present additional evidence that market power of either final-good producers or input suppliers does not …
Persistent link: https://www.econbiz.de/10005123564