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Peitz, Martin; Waelbroeck, Patrick - CESifo - 2004

In this guide, we discuss the impact of digitalization on the music industry. We rely on market and survey data at the international level as well as expert statements from the industry. The guide investigates recent developments in legal and technological protection of digital music and...

Persistent link: https://www.econbiz.de/10005766225

How Social Reputation Networks Interact with Competition in Anonymous Online Trading: An Experimental Study

Bolton, Gary E.; Loebbecke, Claudia; Ockenfels, Axel - CESifo - 2008

Many Internet markets rely on ‘feedback systems’, essentially social networks of reputation, to facilitate trust and trustworthiness in anonymous transactions. Market competition creates incentives that arguably may enhance or curb the effectiveness of these systems. We investigate how...

Persistent link: https://www.econbiz.de/10005766257

Contest for Attention in a Quality-Ladder Model of Endogenous Growth

Grossmann, Volker - CESifo - 2003

marketing expenditure. Although promotional activity is modelled as purely wasteful competition among firms for attention, it … are consistent with empirical evidence. First, if firms incur higher sunk costs for marketing, concentration and firm … become excessive, whereas being inefficiently low in the benchmark case without marketing. This has non-trivial consequences …

Persistent link: https://www.econbiz.de/10005196283

Direct to Consumer Advertising in Pharmaceutical Markets

Brekke, Kurt R.; Kuhn, Michael - CESifo - 2005

(of illness), but rely on information to prescribe the correct drug. Drug information is conveyed by marketing (detailing …

Persistent link: https://www.econbiz.de/10005406241

Pharmaceutical Patents: Incentives for R&D or Marketing?

Brekke, Kurt R.; Straume, Odd Rune - CESifo - 2008

a larger share of the patent rent is spent on marketing, relative to R&D. …

Persistent link: https://www.econbiz.de/10005416463

How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?

Herz, Holger; Schunk, Daniel; Zehnder, Christian - CESifo - 2013

Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...

Persistent link: https://www.econbiz.de/10010877694

Growing Groups, Cooperation, and the Rate of Entry

Ranehill, Eva; Schneider, Frédéric; Weber, Roberto A. - CESifo - 2014

We study the stability of voluntary cooperation in response to varying rates at which a group grows. Using a laboratory public-good game with voluntary contributions and economies of scale, we construct a situation in which expanding a group’s size yields potential efficiency gains, but only...

Persistent link: https://www.econbiz.de/10010877699

Justice under Uncertainty

Cettolin, Elena; Riedl, Arno - CESifo - 2013

choices have uncertain outcomes. We report the results of a first experiment investigating just allocations of resources when …

Persistent link: https://www.econbiz.de/10010877816

Organizations, Diffused Pivotality and Immoral Outcomes

Falk, Armin; Szech, Nora - CESifo - 2013

This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for money or to save mice. We compare a Baseline treatment where subjects are fully pivotal to a Diffused-Pivotality treatment where subjects simultaneously choose in groups of...

Persistent link: https://www.econbiz.de/10010877864

More than Thirty Years of Ultimatum Bargaining Experiments: Motives, Variations, and a Survey of the Recent Literature

Güth, Werner; Kocher, Martin G. - CESifo - 2013

subjectively-colored, recollection of the initial ultimatum game experiment, its motivation and the immediate responses. Second, we …

Persistent link: https://www.econbiz.de/10010877980