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Taxing Sin Goods and Subsidizing Health Care

Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - C.E.P.R. Discussion Papers - 2008

We consider a two-period model. In the first period, individuals consume two goods: one is sinful and the other is not. The sin good brings pleasure but has a detrimental effect on second period health and individuals tend to underestimate this effect. In the second period, individuals can...

Persistent link: https://www.econbiz.de/10005504681

Boundedly Rational Dynamic Programming: Some Preliminary Results

Gabaix, Xavier - C.E.P.R. Discussion Papers - 2012

A key open question in economics is the practical, portable modeling of bounded rationality. In this short note, I report on ongoing progress that is more fully developed elsewhere. I present some results from a new model with boundedly rational features in which the decision-maker (DM) builds a...

Persistent link: https://www.econbiz.de/10011083499

The Economics of Books

Canoy, Marcel; van der Ploeg, Frederick; Ours, Jan C van - C.E.P.R. Discussion Papers - 2005

The tensions between books and book markets as expressions of culture and books as products in profit-making businesses are analysed and insights from the theory of industrial organisation are given. Governments intervene in the market for books through laws concerning prices of books, grants...

Persistent link: https://www.econbiz.de/10005124150

Does the 'New Economy' Measure up to the Great Inventions of the Past?

Gordon, Robert J - C.E.P.R. Discussion Papers - 2000

past, not in the future. The Internet fails as a Great Invention because much of its use involves substitution of existing … activities from one medium to another, because much Internet investment involves defence of market share rather than creation of … something of social value, because much Internet activity duplicates existing activity like mail order catalogues, while the …

Persistent link: https://www.econbiz.de/10005124176

Chicken and Egg: Competing Matchmakers

Caillaud, Bernard; Jullien, Bruno - C.E.P.R. Discussion Papers - 2001

intermediation on the Internet by allowing registration and transaction prices, and multiple registration. When only registration …

Persistent link: https://www.econbiz.de/10005136667

Digital Goods and the New Economy

Quah, Danny - C.E.P.R. Discussion Papers - 2003

Digital goods are bit strings, sequences of 0s and 1s, that have economic value. They are distinguished from other goods by five characteristics: digital goods are non-rival, infinitely expansible, discrete, aspatial, and recombinant. The New Economy is one where the economics of digital goods...

Persistent link: https://www.econbiz.de/10005067419

Matching Demand and Supply in a Weightless Economy: Market-Driven Creativity With and Without IPRs

Quah, Danny - C.E.P.R. Discussion Papers - 2002

Many cultural products have the same non-rival nature as scientific knowledge. They therefore face identical difficulties in creation and dissemination. One traditional view says market failure is endemic – societies tolerate monopolistic inefficiency in intellectual property (IP) protection...

Persistent link: https://www.econbiz.de/10005498130

IPO Pricing in the dot-com Bubble

Ljungqvist, Alexander P.; Wilhelm Jr, William J - C.E.P.R. Discussion Papers - 2002

preponderance of Internet and high-tech firms going public. Our results suggest that it was firm characteristics that were unique …

Persistent link: https://www.econbiz.de/10005504679

Advertising and the Distribution of Content

Weeds, Helen - C.E.P.R. Discussion Papers - 2012

distribution of content to pay TV and free-to-air broadcasters, and for internet distribution of content. …

Persistent link: https://www.econbiz.de/10011083559

Cable Regulation in the Internet Era

Crawford, Gregory S - C.E.P.R. Discussion Papers - 2013

The market for multi-channel video programming has undergone considerable change in the last 15 years. Direct-Broadcast Satellite service, spurred by 1999 legislation that leveled the playing field with cable television systems, has grown from 3% to 33% of the U.S. MVPD (cable, satellite, and...

Persistent link: https://www.econbiz.de/10011084592