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When Little Things Mean a Lot: On the Inefficiency of Item Pricing Laws

Bergen, Mark; Levy, Daniel; Ray, Sourav; Rubin, Paul; … - EconWPA - 2004

We study item-pricing laws (which require that each item in a store be individually marked with a price sticker) and examine and quantify their costs and benefits. On the cost side, we argue that item-pricing laws increase the retailers’ costs, forcing them to raise prices. We test this...

Persistent link: https://www.econbiz.de/10005412533

New Trade Theory Takes Over Monetary Theory

Gani, M - EconWPA - 2004

Prevailing trade theory is a neglected stepchild of economics. Micro rejects the sole reason for trade’s occurrence. It declares zero profit in equilibrium. Monetary theory and macroeconomics dismiss concerns of trade financing. They assert that money has nothing to do with traded output, but...

Persistent link: https://www.econbiz.de/10005408069

The Effects of E-commerce on the Structure of Intermediation

Schmitz, Stefan W. - EconWPA - 2002

interpreting intermediation as a single service it is pointed out that intermediaries can provide a number of services. The … intermediation services studied are, generally, not under threat by the diffusion of electronic commerce. The overall effects on … intermediation depend on the relevance of these services relative to others (e.g. order processing) which are supposed to become …

Persistent link: https://www.econbiz.de/10005412901

Internet Intermediaries' Editorial Content Quality

Gaudeul, Alexandre - EconWPA - 2004

Information intermediaries deliver information about a supplier's product. They are paid by those same suppliers they certify. This introduces conflicts of interests as the intermediaries want to retain customers by delivering truthful information about suppliers, while suppliers would want the...

Persistent link: https://www.econbiz.de/10005076854

E-commerce : Quelques éléments d'économie industrielle

Gaudeul, Alexandre; Jullien, Bruno - EconWPA - 2004

L'exposé présente un certain nombre d'éléments expliquant pourquoi les activités se développant sur le Net ne peuvent pas être bien appréhendées dans un contexte de concurrence parfaite, et discute la nature des barrières à l'entrée. Nous verrons que l'essentiel des changements...

Persistent link: https://www.econbiz.de/10005561467

E-commerce, two-sided markets and info-mediation

Gaudeul, Alexandre; Jullien, Bruno - EconWPA - 2005

Participants in a market, buyers and sellers, may need the service of an intermediary who will put them into contact and give them information about their potential trading partner. The intermediary chooses what price it will charge to each side to have access to its service. It also chooses...

Persistent link: https://www.econbiz.de/10005134532

Eliciting Demand Information through Cheap Talk: An Argument in Favor of Price Regulations

Frisell, Lars; Lagerlof, Johan N.M. - EconWPA - 2005

A firm must decide whether to launch a new product. A launch implies considerable fixed costs, so the firm would like to assess downstream demand before it decides. We study under which conditions a potential buyer would be willing to reveal his willingness to pay under different pricing...

Persistent link: https://www.econbiz.de/10005412896

Externalities of the Microsoft^Rs Network Goods

Leitão, João; Osório, Carlos - EconWPA - 2002

This paper aims to make a public statement about the strategy implemented by Microsoft in order to reinforce its market power across the networked users of Windows Operative System, and Xbox Games Console. It is presented an economic view that supports the anticipating (not predatory) position...

Persistent link: https://www.econbiz.de/10005412955

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 that when the interchange fee is set so as to maximise...

Persistent link: https://www.econbiz.de/10005076892

Naked Exclusion: A Reply

Rasmusen, Eric; Ramseyer, J. Mark; Wiley, John - EconWPA - 1999

Our one-page reply to Whinston and Siegal's forthcoming AER article correcting and elaborating our 1991 AER article.

Persistent link: https://www.econbiz.de/10005561430