Showing 1 - 10 of 207
This paper sheds light on an empirical controversy about the effect of competition on price discrimination. We … shows that whether competition has a positive or negative effect on price dispersion depends on the level of demand …
Persistent link: https://www.econbiz.de/10010877946
This paper analyzes selection biases in the project choice of complementary technologies that are used in combination to produce a final product. In the presence of complementary technologies, patents allow innovating firms to hold up rivals who succeed in developing other system components....
Persistent link: https://www.econbiz.de/10009020089
Many countries levy reduced-rate indirect taxes on newspapers, with proclaimed policy goals of stimulating investment in journalism and ensuring low newspaper prices. However, by taking into account the fact that the media industry operates in two-sided markets, we find the paradoxical result...
Persistent link: https://www.econbiz.de/10009323300
This paper develops a theory of patent portfolios in which firms accumulate an enormous amount of related patents in diverse technology fields such that it becomes impractical to develop a new product that with certainty does not inadvertently infringe on other firms’ patent portfolios. We...
Persistent link: https://www.econbiz.de/10010697221
was an incumbent who sold to all consumers. We identify the equilibrium both with Stackelberg and Bertrand competition and …
Persistent link: https://www.econbiz.de/10010735185
, hence the assumption of perfect competition when considering tax incidence might be misleading. Theoretically, in …
Persistent link: https://www.econbiz.de/10010667419
In a spatial competition setting there is usually a non-negative relationship between competition and quality. In this … paper we offer a novel mechanism whereby competition leads to lower quality. This mechanism relies on two key assumptions …, namely that the providers are motivated and risk-averse. We show that the negative relationship between competition and …
Persistent link: https://www.econbiz.de/10010741317
We study price formation in the standard model of consumer search for differentiated products but allow for search cost heterogeneity. In doing so, we dispense with the usual assumption that all consumers search at least once in equilibrium. This allows us to analyze the manner in which prices...
Persistent link: https://www.econbiz.de/10010812486
This study investigates the impact of firm-specific discount factors on merger formation and market performance. We estimate firm-specific discount factors for 228 publicly traded and privately held firms operating in the semiconductor market and apply a heterogeneous treatment effects model...
Persistent link: https://www.econbiz.de/10011163068
Standard media economics models imply that increased platform competition decreases ad levels and that mergers reduce …
Persistent link: https://www.econbiz.de/10009645230