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Quality Externalities among Hotel Establishments: What is the Impact of Tour Operators
Calveras, Aleix; Vera-Hernandez, Marcos - EconWPA - 2003
This paper is about quality decisions in a vertical structure where competitive producers sell to powerful retailers. Specifically, we focus the analysis on the role played by a tour operator on quality investments when distributing the capacity of a given tourist destination. We emphasize the...
Persistent link: https://www.econbiz.de/10005134461
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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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Plastic Clashes: Competition among Closed and Open Systems in the Credit Card Industry.
Manenti, Fabio M.; Somma, Ernesto - EconWPA - 2002
This paper analyses market competition between two different types of credit card platforms: not …-for-profit associations and proprietary systems. The main focus is on the role of the interchange fee set by not-for-profit platforms. We show … of platforms' profits, of the sum of the fees charged by each platform and their market shares are independent of the …
Persistent link: https://www.econbiz.de/10005076892
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Competition in Two-Sided Markets
Armstrong, Mark - EconWPA - 2005
There are many examples of markets involving two groups of agents who need to interact via 'platforms', and where one … platforms where each agent must choose to join a single platform; and a model of 'competing bottlenecks', where one group wishes … to join all platforms. The main determinants of equilibrium prices are (i) the relative sizes of the cross …
Persistent link: https://www.econbiz.de/10005134473
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THE U. S. INSURANCE INDUSTRY: Structure, Performance, and Prospects
unknown - EconWPA - 1996
U. S. insurers have achieved their strong position in the world insurance industry primarily through servicing demand in the large domestic markets. Future growth will require U.S. insurers to cultivate a more international focus. The next decade is likely to bring significant changes in the...
Persistent link: https://www.econbiz.de/10005134486
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The Invisible Hand Plays Dice: Eventualities in Religious Markets
Poutvaara, Panu; Wagener, Andreas - EconWPA - 2004
Religious participation is much more widespread in the United States than in Europe, while Europeans tend to view sects more suspiciously than Americans. We propose an explanation for these patterns without assuming differences in preferences or market fundamentals. Religious markets may have...
Persistent link: https://www.econbiz.de/10005407789
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Elektronik ticaretin gelismekte olan ülkelere etkileri ve Türkiye üzerine bir degerlendirme
yumusak, ibrahim güran - EconWPA - 2004
Bilginin iktisadi açýdan öneminin artmasý, konuyla ilgili olarak yapýlan akademik çalýþmalarýn çoðalmasýna ve ilgi görmesine neden olmaktadýr. Teorik ve ampirik çalýþmalarda bilginin elde edilmesi, yayýlmasý ve iktisadi geliþmeyi etkilemesi gibi konulara sýklýkla yer...
Persistent link: https://www.econbiz.de/10005126364
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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 evolution of retail banking services in United Kingdom: a retrospective analysis
Consoli, Davide - EconWPA - 2003
The purpose of this paper is to assess the sequence of technological changes occurred in the retail banking sector of the United Kingdom against the emergence of customer services by developing an evolutionary argument. The historical paradigm of Information Technology provides useful insights...
Persistent link: https://www.econbiz.de/10005134541
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Advertising in the US Personal Computer Industry
Goeree, Michelle Sovinsky - EconWPA - 2005
Traditional models of consumer choice assume consumers are aware of all products for sale.This assumption is questionable, especially when applied to markets characterized by a high degree of change, such as the personal computer (PC) industry. I present an empirical discrete-choice model of...
Persistent link: https://www.econbiz.de/10005134551