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Ex Post Information Rents in Sequential Screening

Krähmer, Daniel; Strausz, Roland - CESifo - 2014

We study ex post information rents in sequential screening models where the agent receives private ex ante and ex post information. The principal has to pay ex post information rents for preventing the agent to coordinate lies about his ex ante and ex post information. When the agent’s ex ante...

Persistent link: https://www.econbiz.de/10010757722

Consumer Search and Oligopolistic Pricing: An Empirical Investigation

Janssen, Maarten C. W.; Moraga-González, José Luis; … - CESifo - 2004

This paper presents an empirical examination of oligopoly pricing and consumer search. The theoretical model allows for sequential and non-sequential search and, using the theoretical restrictions firm and consumer behavior impose on the data, we study the empirical validity of the models. Two...

Persistent link: https://www.econbiz.de/10005094320

Price Discrimination in Input Markets: Quantity Discounts and Private Information

Herweg, Fabian; Müller, Daniel - CESifo - 2013

We consider a monopolistic supplier’s optimal choice of wholesale tariffs when downstream firms are privately informed about their retail costs. Under discriminatory pricing, downstream firms that differ in their ex ante distribution of retail costs are offered different tariffs. Under uniform...

Persistent link: https://www.econbiz.de/10010877898

Competition in the Presence of Individual Demand Uncertainty

Möller, Marc; Watanabe, Makoto - CESifo - 2013

This paper sheds light on an empirical controversy about the effect of competition on price discrimination. We introduce individual demand uncertainty into Hotelling’s model of product differentiation and show that firms offer advance purchase discounts. Consumers choose between an early...

Persistent link: https://www.econbiz.de/10010877946

Payment Evasion

Buehler, Stefan; Halbheer, Daniel; Lechner, Michael - CESifo - 2015

This paper models payment evasion as a source of profit by letting the firm choose the purchase price and the fine imposed on detected payment evaders. For a given price and fine, the consumers purchase, evade payment, or choose the outside option. We show that payment evasion leads to a form of...

Persistent link: https://www.econbiz.de/10011277179

Market Segmentation in Two-Sided Markets: TV Rights for Premier League

Kind, Hans Jarle; Sørgard, Lars - CESifo - 2013

This paper analyzes market segmentation in a two-sided market that consists of media consumers and advertisers. The analysis is motivated by a European Court of Justice Decision in October 2011, which allowed viewers to take advantage of international price differences and buy access to Premier...

Persistent link: https://www.econbiz.de/10010603852

Wholesale Price Discrimination and Parallel Imports

Ganslandt, Mattias; Maskus, Keith E. - CESifo - 2007

We develop a model of vertical pricing in which an original manufacturer sets wholesale prices in two markets integrated at the distributor level by parallel imports (PI). In this context we show that if competition policy requires uniform wholesale prices across locations it would push retail...

Persistent link: https://www.econbiz.de/10005765782

A Structural Econometric Model of Price Discrimination in the Mortgage Lending Industry

Gary-Bobo, Robert; Larribeau, Sophie - CESifo - 2002

determines loan sizes and interest rates simultaneously. A competitive, and a discriminating monopoly version of the model are … discriminating monopoly maximizes profitsunder a borrower participation constraint, reflecting the availability of a rental market as … monopoly model estimates show that the borrowers' price-elasticity of demand for housing varies with occupational status, and …

Persistent link: https://www.econbiz.de/10005051498

Opt In Versus Opt Out: A Free-Entry Analysis of Privacy Policies

Bouckaert, Jan; Degryse, Hans - CESifo - 2006

There is much debate on how the flow of information between firms should be organized, and whether existing privacy laws should be amended. We offer a welfare comparison of the three main current policies towards consumer privacy — anonymity, opt in, and opt out — within a two-period model...

Persistent link: https://www.econbiz.de/10005405893

Price Discrimination Bans on Dominant Firms

Bouckaert, Jan; Degryse, Hans; Dijk, Theon Van - CESifo - 2008

Competition authorities and regulatory agencies sometimes impose pricing restrictions on firms with substantial market power — the “dominant” firms. We analyze the welfare effects of a ban on behaviour-based price discrimination in a two-period setting where the market displays a...

Persistent link: https://www.econbiz.de/10005406170