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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

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

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

An Analysis of Advertising Wars

Haller, Hans; Chakrabarti, Subhadip - EconWPA - 2003

Persistent link: https://www.econbiz.de/10005125038

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

The Economics of Open Source Hijacking and Declining Quality of Digital Information Resources: A Case for Copyleft

Ciffolilli, Andrea - EconWPA - 2004

The economics of information goods suggest the need for institutional intervention to address the problem of revenue extraction from investments in resources characterized by high fixed costs of production and low marginal costs of reproduction and distribution. Solutions to the appropriation...

Persistent link: https://www.econbiz.de/10005118747

Monopoly intermediary and information transmission

Quesada, Lucia; Peyrache, Eloic - EconWPA - 2003

In this paper we extend Lizzeri's simple model of information transmission through certification intermediaries. A seller with no means to signal his quality has the possibility to be certified by an institution that owns a technology to discover the true quality and can credibly commit to a...

Persistent link: https://www.econbiz.de/10005561385

Software houses: Changing from Product vendors into solution Providers

Heng, Stefan - EconWPA - 2005

Integrating hitherto separate IT systems while keeping within with tight budgetary restrictions is becoming the dominant software trend in this decade. Optimism is currently starting to spread again in software houses. However, there are marked regional differences in potential. Contrary to some...

Persistent link: https://www.econbiz.de/10005561401

Can High Prices Ensure Product Quality When Buyers do not Know the Sellers' Cost?

Rasmusen, Eric; Perri, Timothy - EconWPA - 1999

The Klein-Leffler (1981) model of product quality does not explain why high-quality firms would dissipate the rents they earn from quality- assuring price premia, and it relies on consumers knowing the cost functions of firms. In the present paper, consumers do not know any firm's cost of...

Persistent link: https://www.econbiz.de/10005561438

Damaged Durable Goods

Hahn, Jong-Hee - EconWPA - 2002

A durable-goods monopolist may use quality degradation as a commitment not to lower price in the future. The introduction of damaged goods expedites low-valuation consumers’ future demands, and helps the firm to mitigate the Coasian time-consistency problem. In such a case, damaged goods are...

Persistent link: https://www.econbiz.de/10005561484