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Should Utility-Reducing Media Advertising be Taxed?
Kind, Hans Jarle; Köthenbürger, Marko; Schjelderup, … - CESifo - 2009
Empirical evidence suggests that people dislike ads in media products like TV programs. In such situations standard economic theory prescribes that the advertising volume can be optimally reduced by levying a tax on ads. However, making use of recent advances in the theory of Industrial...
Persistent link: https://www.econbiz.de/10005051527
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Prices, Product Differentiation, and Heterogeneous Search Costs
Moraga-Gonzalez, José Luis; Sándor, Zsolt; … - CESifo - 2014
We study price formation in the standard model of consumer search for differentiated products but allow for search cost … important but often neglected aspect of the price mechanism. Recognizing the role the equilibrium price plays in consumers …
Persistent link: https://www.econbiz.de/10010812486
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Making Sense of Non-Binding Retail-Price Recommendations
Buehler, Stefan; Gärtner, Dennis L. - CESifo - 2010
We model non-binding retail-price recommendations (RPRs) as a communication device facilitating coordination in …
Persistent link: https://www.econbiz.de/10008583652
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Persuading Consumers with Social Attitudes
Buehler, Stefan; Halbheer, Daniel - CESifo - 2011
This paper analyzes persuasive advertising and pricing in oligopoly if firms sell differentiated products and consumers have heterogeneous social attitudes towards the consumption by others. Deriving product demand from primitives, we show that the demand-enhancing effect of persuasive...
Persistent link: https://www.econbiz.de/10009024838
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The Choice of Environmental Policy Instruments: Energy Efficiency and Redistribution
Haupt, Alexander; Stadejek, Magdalena - CESifo - 2010
We analyse optimal environmental policies in a market that is vertically differentiated in terms of the energy efficiency of products. Considering energy taxes, subsidies to firms for investment in more eco-friendly products, and product standards, we are particularly interested in how...
Persistent link: https://www.econbiz.de/10008596605
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Market Transparency, Adverse Selection, and Moral Hazard
Klein, Tobias J.; Lambertz, Christian; Stahl, Konrad O. - CESifo - 2013
We study the effects of improvements in market transparency on eBay on seller exit and continuing sellers’ behavior. An improvement in market transparency by reducing strategic bias in buyer ratings led to a significant increase in buyer valuation especially of sellers rated poorly prior to...
Persistent link: https://www.econbiz.de/10010877941
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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 … purchase discounts. Consumers choose between an early (uninformed) purchase at a low price and a late (informed) purchase at a … high price. Competing firms offer higher discounts in order to secure a large market share in advance. Our main result …
Persistent link: https://www.econbiz.de/10010877946
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Horizontal Merger under Strategic Tax Policy
Liu, Chih-Chen; Mukherjee, Arijit; Wang, Leonard F.S. - CESifo - 2014
We show that the presence of a strategic tax policy increases the incentive for a horizontal merger compared to the situation with no tax policy. Thus, we point towards a new factor, viz., strategic tax policy, for increasing the incentive for a horizontal merger that has been ignored in the...
Persistent link: https://www.econbiz.de/10010948827
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Union Bargaining Power and Product Innovation: Relevance of the Preference Function
Basak, Debasmita; Hoefele, Andreas; Mukherjee, Arijit - CESifo - 2014
We show the effects of the bargaining power of labour unions on product innovation under decentralised and centralised wage bargaining. In this context, we show the implications of preference function, which affects the market size. A higher union bargaining power increases innovation if...
Persistent link: https://www.econbiz.de/10010948850
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Optimal Compatibility in Systems Markets
Kim, Sang-Hyun; Choi, Jay Pil - CESifo - 2014
We investigate private and social incentives for standardization to ensure market-wide system compatibility in a two-dimensional spatial competition model. We develop a new methodology to analyze competition on a torus and show that there is a fundamental conflict of interest between consumers...
Persistent link: https://www.econbiz.de/10010948871