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Managing Digital Piracy: Pricing, Protection and Welfare

Sundararajan, Arun - EconWPA - 2003

This paper analyzes the optimal choice of pricing schedules and technological deterrence levels in a market with digital piracy, when legal sellers can sometimes control the extent of piracy by implementing digital rights management (DRM) systems. It is shown that the seller's optimal pricing...

Persistent link: https://www.econbiz.de/10005561013

Nonlinear pricing of information goods

Sundararajan, Arun - EconWPA - 2003

This paper analyzes optimal pricing for information goods under incomplete information, when both unlimited-usage (fixed-fee) pricing and usage-based pricing are feasible, and administering usage-based pricing may involve transaction costs. It is shown that offering fixed- fee pricing in...

Persistent link: https://www.econbiz.de/10005561446

Optimal Selling Mechanisms for Multiproduct Monopolists: Incentive Compatibility in the Presence of Budget Constraints.

Monteiro, Paulo Klinger; Frank H. Page Jr. - EconWPA - 1996

We demonstrate the existence of an optimal, individually rational, and incentive compatible selling mechanism for a multiproduct monopolist facing a market populated by consumers with budget constraints. Our main contribution is to show via examples and our existence result that, in general,...

Persistent link: https://www.econbiz.de/10005135131

Three principles of competitive nonlinear pricing

Page, Frank H.; Monteiro, Paulo Klinger - EconWPA - 2002

We make three contributions to the theory of contracting under asymmetric information. First, we establish a competitive analog to the revelation principle which we call the implementation principle. This principle provides a complete characterization of all incentive compatible, indirect...

Persistent link: https://www.econbiz.de/10005118626

Package Sizes, Tariffs, Quantity Discount and Premium

Nahata, Babu; Kokovin, Serguei; Zhelobodko, Evgeny - EconWPA - 2003

- selection is neither unambigously realted to efficiency nor to the degree of monopoly power (demand elasticity). We also show …

Persistent link: https://www.econbiz.de/10005119424

SELF-SELECTION UNDER NON-ORDERED VALUATIONS: TYPE-SPLITTING, ENVY-CYCLES, RATIONING AND EFFICIENCY

Nahata, Babu; Kokovin, Serguei; Zhelobodko, Evgeny - EconWPA - 2003

We analyze self-selection problem when valuations are non-ordered. The corresponding package-pricing solution has specific graph structure. It is helpful in deriving weak su±cient conditions for both partial e±ciency and Pareto-e±ciency. Unlike the ordered valuations case, Pareto e±ciency is...

Persistent link: https://www.econbiz.de/10005556519

THE AUTOMATED PAYMENT TRANSACTION (APT) TAX: A proposal to the President's Advisory Panel on Federal Tax Reform

Feige, Edgar L. - EconWPA - 2005

efficiency (misallocation) costs of a tax system tend to rise geometrically with the marginal tax rate, a massive reduction in …

Persistent link: https://www.econbiz.de/10005560970

The Mortensen Rule and Efficient Coordination Unemployment

Kennes, John; Julien, Benoit; King, Ian - EconWPA - 2002

We study the implementation of constrained-efficient allocations in labour markets where a basic coordination problem leads to an equilibrium matching function. We argue that these allocations can be achieved in equilibrium if wages are determined by ex post bidding. This holds true even in...

Persistent link: https://www.econbiz.de/10005561074

Opportunity Costs, Competition, and Firm Selection

Atallah, Gamal - EconWPA - 2002

costs are endogenized by linking them to current efficiency. The effect of this interchangeability of skills is studied in … likely to crowd out efficient ones when the relationship between current efficiency and opportunity costs is strong, and when …

Persistent link: https://www.econbiz.de/10005561413

Qualitative Efficiency Assessment of Markets: An Institutional Approach to Training

Schonewille, Mark - EconWPA - 2004

We investigate the effect of institutions on efficiency of training markets. After setting up a theoretical … institutional framework that shows how institutions affect efficiency, we apply this framework to the real world. An empirical … analysis of institutions affecting training markets will enable us to determine the institutional efficiency of these markets …

Persistent link: https://www.econbiz.de/10005561540