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I develop a model of stochastic costly signaling in the presence of exogenous imperfect information, and study whether equilibrium signaling decreases ('information substitutes') or increases ('information complements') if the accuracy of exogenous information increases. A stochastic pure costly...
Persistent link: https://www.econbiz.de/10010927722
In this paper we consider a two-stage duopoly game where firms first decide whether to invest in advertising and then … compete in prices. Advertising has two effects: a market enlargement for both firms and a predatory gain for the investing … investment in advertising and that strong product substitutability may induce a coordination problem. …
Persistent link: https://www.econbiz.de/10005008546
The present note first provides an alternative formulation of the Cancian, Bills and Bergström (1995)- problem which discards the non-existence difficulty and consequently allows to consider some extensions of the TV-newscast scheduling game. The extension we consider consists in assuming that...
Persistent link: https://www.econbiz.de/10005008577
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journals are determined endogenously in the first stage of the game. We show that when the advertising revenues per reader …
Persistent link: https://www.econbiz.de/10005042918
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advertising receipts. We show that this induces the editors of the newspapers to moderate the political message they display to …
Persistent link: https://www.econbiz.de/10005634020
We analyse the rivalry between two TV-channels competing both on the market for audience and the market for advertising …. We identify the nature of TV-programs emerging from this competition, and the quantity of advertising that TV …
Persistent link: https://www.econbiz.de/10005634073
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