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Revolutionary Effects of New Information Technologies
den Berg, Gerard J van - C.E.P.R. Discussion Papers - 2005
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...
Persistent link: https://www.econbiz.de/10005788903
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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
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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
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On the Effects of Anti-dumping Legislation
Barros, Pedro Luis Pita; Martinez-Giralt, Xavier - C.E.P.R. Discussion Papers - 1997
We show that the nature and extent of trade is significantly affected by the pricing policy that firms are allowed to employ. A switch from discriminatory to non-discriminatory pricing (e.g. strict anti-dumping laws) leads to a switch from two-way trade to one-way trade. It is far from true that...
Persistent link: https://www.econbiz.de/10005504678
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Competitive Pressure and the Adoption of Complementary Innovations
Kretschmer, Tobias; Miravete, Eugenio J; Pernías, Jose C - C.E.P.R. Discussion Papers - 2011
Liberalization of the European automobile distribution system in 2002 limits the ability of manufacturers to impose vertical restraints, leading to a substantial increase in competitive pressure among dealers. We estimate an equilibrium model of profit maximization to evaluate how dealers change...
Persistent link: https://www.econbiz.de/10008861904
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Pricing Internet Traffic: Exclusion, Signalling and Screening
Jullien, Bruno; Sand-Zantman, Wilfried - C.E.P.R. Discussion Papers - 2014
We consider a network that intermediates traffic between free content providers and consumers. While consumers do not know the traffic cost when deciding on consumption, a content provider knows his cost but may not control the consumption. We study how pricing consumers' and content providers'...
Persistent link: https://www.econbiz.de/10011083772
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Competition in the Cryptocurrency Market
Gandal, Neil; Halaburda, Hanna - C.E.P.R. Discussion Papers - 2014
We analyze how network effects affect competition in the nascent cryptocurrency market. We do so by examining the changes over time in exchange rate data among cryptocurrencies. Specifically, we look at two aspects: (1) competition among different currencies, and (2) competition among exchanges...
Persistent link: https://www.econbiz.de/10011084460
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And the Winner Is--Acquired: Entrepreneurship as a Contest with Acquisition as the Prize
Henkel, Joachim; Rønde, Thomas; Wagner, Marcus - C.E.P.R. Discussion Papers - 2010
R&D incentives of new entrants to a market may be shaped by the prospects of being acquired by an incumbent. In this paper, we analyze a two-stage innovation game between one incumbent and a large number of entrants. In the first stage, firms compete to develop innovations of high quality. They...
Persistent link: https://www.econbiz.de/10008784763
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Language, Internet and Platform Competition: the case of Search Engine
Jeon, Doh-Shin; Jullien, Bruno; Klimenko, Mikhail M. - C.E.P.R. Discussion Papers - 2012
The World Wide Web was originally a totally English-based medium due to its US origin. Although the presence of other languages has steadily risen, content in English is still dominant, which raises a natural question of how bilingualism of consumers of a home country affects production of web...
Persistent link: https://www.econbiz.de/10011083227
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Do Political Blogs Matter? Corruption in State-Controlled Companies, Blog Postings, and DDoS Attacks
Enikolopov, Ruben; Petrova, Maria; Sonin, Konstantin - C.E.P.R. Discussion Papers - 2012
Though new media has become a popular source of information, it is less clear whether or not they have a real impact on economic activity. In authoritarian regimes, where the traditional media are not free, this impact might be especially pronounced. We study consequences of blog postings of a...
Persistent link: https://www.econbiz.de/10011083322