Similar Search Results

Coordination in Markets with Consumption Externalities: The Role of Advertising and Product Quality

Pastine, Ivan; Pastine, Tuvana - C.E.P.R. Discussion Papers - 2005

This paper studies advertising in vertically differentiated product markets with positive consumption externalities. In … consumers. In such markets, we show that firms will engage in advertising competition in order to convince consumers of their … levels of advertising. …

Persistent link: https://www.econbiz.de/10005666525

Consumption Externalities, Coordination and Advertising

Pastine, Ivan; Pastine, Tuvana - C.E.P.R. Discussion Papers - 2001

The aim of this Paper is to demonstrate that advertising can have an important function in markets with consumption … externalities, apart from its persuasive and informative roles. We show that advertising may function as a device to coordinate … implications of advertising as a coordinating device are examined in the pricing and advertising decisions of firms interacting …

Persistent link: https://www.econbiz.de/10005114320

Clubs and Households

Gersbach, Hans; Haller, Hans - C.E.P.R. Discussion Papers - 2006

The relationship between our general equilibrium model with multimember households and club models with multiple private goods is investigated. The main distinction in the definitions consists of the equilibrium concepts. As a rule, competitive equilibria among households where no group of...

Persistent link: https://www.econbiz.de/10005661913

Participation Games: Market Entry, Coordination and the Beautiful Blonde

Anderson, Simon P; Engers, Maxim - C.E.P.R. Discussion Papers - 2005

. Examples include market entry games, coordination games, and the bar-room game depicted in the movie 'A Beautiful Mind'. The …

Persistent link: https://www.econbiz.de/10005662078

An Essay on the Emergence of the International Gold Standard, 1870-80

Flandreau, Marc - C.E.P.R. Discussion Papers - 1995

-dependency and coordination problems. Second, we claim that the very process through which the gold standard was adopted played a …

Persistent link: https://www.econbiz.de/10005662237

Resource Allocation and Firm Scope

Friebel, Guido; Raith, Michael - C.E.P.R. Discussion Papers - 2006

We develop a theory of firm scope in which integrating two firms into one facilitates the allocation of resources, but leads to weaker incentives for effort, compared with non-integration. Our theory makes minimal assumptions about the underlying agency problem. Moreover, the benefits and costs...

Persistent link: https://www.econbiz.de/10005666612

Equilibria in a Dynamic Global Game: The Role of Cohort Effects

Heidhues, Paul; Melissas, Nicolas - C.E.P.R. Discussion Papers - 2005

We introduce strategic waiting in a global game setting with irreversible investment. Players can wait in order to make a better informed decision. We allow for cohort effects and discuss when they arise endogenously in technology adoption problems with positive contemporaneous network effects....

Persistent link: https://www.econbiz.de/10005666707

Naked exclusion: Towards a behavioral approach to exclusive dealing

Boone, Jan; Müller, Wieland; Suetens, Sigrid - C.E.P.R. Discussion Papers - 2009

We report experimental results on exclusive dealing inspired by the literature on "naked exclusion.'' Our key findings are: First, exclusion of a more efficient entrant is a widespread phenomenon in lab markets. Second, allowing incumbents to discriminate between buyers increases exclusion rates...

Persistent link: https://www.econbiz.de/10004991543

The Current Global Economic Situation, Outlook and Policy Options, with Special Emphasis on Fiscal Policy Issues

Buiter, Willem H. - C.E.P.R. Discussion Papers - 1987

The paper provides an account of the current global economic situation, outlook and policy options. Medium-term prospects are mediocre and fraught with considerable downside risk. Fiscal and monetary policy options for the main industrial countries to improve global economic performance are...

Persistent link: https://www.econbiz.de/10005791563

EMU in Reality: The Effect of a Common Monetary Policy on Economies with Different Transmission Mechanisms

Hughes Hallett, Andrew; Piscitelli, Laura - C.E.P.R. Discussion Papers - 1999

The theory of optimal currency areas states that a single currency zone should have symmetry of shocks and structures across regions. Research on monetary union in Europe has either assumed these conditions to hold close enough not to cause problems, or has focussed on asymmetries in shocks. But...

Persistent link: https://www.econbiz.de/10005791720