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One-Way Compatibility, Two-Way Compatibility and Entry in Network Industries
Manenti, Fabio M.; Somma, Ernesto - EconWPA - 2002
We study the strategic choice of compatibility between two initially incompatible network goods in a two-stage game played by an incumbent and an entrant firm. Compatibility may be achieved by means of a converter. We derive a number of results under different assumptions about the nature of the...
Persistent link: https://www.econbiz.de/10005134422
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The Competitive Effects of Price-Floors
Bhaskar, V.; UK, Andrews KY16 9AL - EconWPA - 1996
We analyze the effects of a legally-binding price floor using Hotelling's model of locational competition. A moderate price-floor destroys the maximal differentiation equilibrium of d'Aspremont et. al., by allowing firms to compete more aggressively for market share. Minimum differentiation...
Persistent link: https://www.econbiz.de/10005134523
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The Control of Porting in Two-Sided Markets
Pollock, R. - Faculty of Economics, University of Cambridge - 2007
A sizable literature has grown up in recent years focusing on two-sided markets in which economies of scale combined with complementarities between a platform and its associated ‘software’ or ‘services’ can generate indirect network effects (that is positive feedback between the number...
Persistent link: https://www.econbiz.de/10005113747
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Practice Makes Perfect: On Professional Standards
Sällström Matthews, S.E. - Faculty of Economics, University of Cambridge - 2007
Practising is a matter of increasing the reliability of ones skills rather than relying on a tool or a strike of genius to get it right. Once perfection has been achieved the individual will aim for higher quality since the effort is more likely to be worthwhile. Furthermore because the returns...
Persistent link: https://www.econbiz.de/10005113798
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An Analysis of Advertising Wars
Haller, Hans; Chakrabarti, Subhadip - EconWPA - 2003
Comparative advertising by one brand against another showcases its merits versus the demerits of the other. In a two … advertising configuration, firms compete as Cournot oligopolists. In the symmetric case, equilibrium advertising constitutes a … clear welfare loss. Equilibrium advertising levels and advertising expenditures decline with rising advertising costs …
Persistent link: https://www.econbiz.de/10005125038
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An Analysis of Advertising Wars
Haller, Hans; Chakrabarti, Subhadip - EconWPA - 2003
Comparative advertising by one brand against another showcases its merits versus the demerits of the other. In a two … advertising configuration, firms compete as Cournot oligopolists. In the symmetric case, equilibrium advertising constitutes a … clear welfare loss. Equilibrium advertising levels and advertising expenditures decline with rising advertising costs …
Persistent link: https://www.econbiz.de/10005134959
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AGRO-FOOD PRODUCTS AND TECHNICAL BARRIERS TO TRADE: A SURVEY OF ISSUES AND CONCERNS RAISED IN THE WTO'S TBT COMMITTEE
Walkenhorst, Peter - EconWPA - 2004
This study presents a survey of issues and concerns raised in the WTO's Committee on Technical Barriers to Trade, with particular emphasis on discussions related to agro-food products. It thereby aims to provide background information on TBT-related activities during the period 1995- 2001. The...
Persistent link: https://www.econbiz.de/10005062591
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The Superiority of Tough Reviewers in a Model of Simultaneous Sales
Gill, D.; Sgroi, D. - Faculty of Economics, University of Cambridge - 2003
This paper considers the impact of reviewers on the sale of a product of unknown quality. Sales occur simultaneously after an initial review by an unbiased, pessimistic or optimistic reviewer and we examine the impact on sales in each case. We find that counter-intuitively a pessimistic reviewer...
Persistent link: https://www.econbiz.de/10005783744
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Does Weather Explain the Cost and Quality? An Analysis of UK Electricity Distribution Companies
Yu, W.; Jamasb, T.; Pollitt, M.G. - Faculty of Economics, University of Cambridge - 2008
In recent years, a number of empirical studies and energy regulators have applied benchmarking techniques to measure the efficiency and performance of network utilities. An important issue has been the extent to which such results are influenced by contextual factors. Among these, weather...
Persistent link: https://www.econbiz.de/10005783779
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Product Launches with Biased Reviewers: The Importance of Not Being Earnest
Gill, D.; Sgroi, D. - Faculty of Economics, University of Cambridge - 2003
The standard simple sequential herding model is altered to allow a firm with a new product to have it reviewed publicly before launch. Reviewers are either inherently pessimistic, optimistic or unbiased. We find the counter-intuitive result that a firm with a good product will prefer a...
Persistent link: https://www.econbiz.de/10005783848