Narrow search
Showing 1 - 10 of 75
Cover Image
Strategic Informative Advertising in a Horizontally Differentiated Duopoly
Çelik, Levent - Center for Economic Research and Graduate Education and … - 2008
When firms possess information about their competitors’ products, their advertisements may leak extra information. I analyze this within a duopoly television market that lasts for two periods. Each station may advertise its upcoming program by airing a tune-in during the first program. Viewers...
Persistent link: https://www.econbiz.de/10005086634
Cover Image
Influential Opinion Leaders
Steiner, Jakub; Stewart, Colin - Center for Economic Research and Graduate Education and … - 2012
We present a two-stage coordination game in which early choices of experts with special interests are observed by … results from a social learning effect that is multiplied through a coordination motive. We show that the total effect can be …
Persistent link: https://www.econbiz.de/10010842926
Cover Image
Coordination in a Mobile World
Steiner, Jakub - Center for Economic Research and Graduate Education and … - 2006
We study coordination failures in many simultaneously occurring coordination problems called projects. Players … exogenous parameters. In contrast to the “static” benchmark global game without a search option, successful coordination is … frequent in the mobile game even for extremely poor distributions of economic fundamentals, and coordination failures are …
Persistent link: https://www.econbiz.de/10005178133
Cover Image
Understanding the Lack of Competition in Natural Gas Markets: The Impact of Storage Ownership and Upstream Competition
Mravec, Michal - Center for Economic Research and Graduate Education and … - 2007
Motivated by the failure of competition to emerge after the natural gas market in the Czech Republic was liberalized, I explore the impact of natural gas storage ownership and upstream competition on the downstream level. I extend standard Cournot models to understand current and likely future...
Persistent link: https://www.econbiz.de/10005086605
Cover Image
Informative Advertising and Consumer Search in a Differentiated-Products Duopoly
Celik, Levent - Center for Economic Research and Graduate Education and … - 2007
This paper analyzes informative advertising in a duopoly market with differentiated products when consumer search is costless. If consumers are fully rational, exposure to a single advertisement is sufficient for them to obtain complete market information. In this case, firms undersupply...
Persistent link: https://www.econbiz.de/10005146558
Cover Image
Pricing Scheme Choice: How Process Affects Outcome
Shestakova, Natalia - Center for Economic Research and Graduate Education and … - 2010
Standard price discrimination theories are based on the assumption that consumers use their future demand estimates to evaluate net utility of each pricing scheme and choose the scheme with the highest value. However, some evidence suggests that consumers might not always behave this way. The...
Persistent link: https://www.econbiz.de/10008598742
Cover Image
Overcoming Consumer Biases in the Choice of Pricing Schemes: A Lab Experiment
Shestakova, Natalia - Center for Economic Research and Graduate Education and … - 2010
This paper uses experimental data to investigate possible biases in consumers' choice of pricing schemes when their demand is perfectly inelastic but uncertain. I consider threepart pricing schemes (i.e. fixed fee, included units, extra-unit price). The analysis suggests a strong bias towards...
Persistent link: https://www.econbiz.de/10008751900
Cover Image
Viewer Sampling and Quality Signaling in a Television Market
Çelik, Levent - Center for Economic Research and Graduate Education and … - 2008
This paper analyzes a single television station’s choice of airing tune-ins (preview advertisements). I consider two consecutive programs located along a unit line. Potential viewers know the earlier program but are uncertain about the later one. They may learn it through a tune-in if they...
Persistent link: https://www.econbiz.de/10005178137
Cover Image
Sand in the Wheels: A Dynamic Global-Game Approach
Mathevet, Laurent; Steiner, Jakub - Center for Economic Research and Graduate Education and … - 2012
We study the impact of frictions on the prevalence of systemic crises. Agents privately learn about a fixed payoff parameter, and repeatedly adjust their investments while facing transaction costs in a dynamic global game. The model has a rich structure of externalities: payoffs may depend on...
Persistent link: https://www.econbiz.de/10010842913
Cover Image
Free Entry and Social Efficiency under Unknown Demand Parameters
Janjgava, Batlome - Center for Economic Research and Graduate Education and … - 2013
In the paper, I examine free entry in homogeneous product markets and its social efficiency. Previous research on free entry in homogeneous product markets has shown that under Cournot oligopoly with fixed setup costs the free entry equilibrium always delivers excessive entry. In contrast, I...
Persistent link: https://www.econbiz.de/10010842905