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Network Effects, Nonlinear Pricing and Entry Deterrence

Sundararajan, Arun - EconWPA - 2003

A number of products that display positive network effects are used in variable quantities by heterogeneous customers. Examples include corporate operating systems, infrastructure software, web services and networking equipment. In many of these contexts, the magnitude of network effects are...

Persistent link: https://www.econbiz.de/10005561494

Corporate Finance in Europe from 1986 to 1996

DELBREIL, Michel; ESTEBAN, Ana; FRIDERICHS, Hans; … - EconWPA - 2000

After publishing its first report in September 1997, the Own Funds Working Group, in agreement with the European Committee of Central Balance Sheet Offices, decided to continue its work in order to gain a better understanding of the differences in financing structures between countries. To this...

Persistent link: https://www.econbiz.de/10005413207

Bilateral Uncertainty in a Model of Job-Market Screening with Intermediaries

Schweinzer, Paul - EconWPA - 2001

We look at a job-market model of bilateral uncertainty. Workers are uncertain about what job descriptions advertised by firms really mean and firms are uncertain about the qualifications of workers before they are interviewed. Both types of uncertainty can be resolved but both processes are...

Persistent link: https://www.econbiz.de/10005407591

Debt contracts with ex-ante and ex-post asymmetric information: an example.

Carlier, G.; Renou, L. - EconWPA - 2005

We consider a simple model of lending and borrowing combining two informational problems: adverse selection and costly state verification. Our analysis highlights the interaction between these two informational problems. We notably show that the higher the monitoring cost, the less...

Persistent link: https://www.econbiz.de/10005550923

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

STRUCTURAL MODELS IN CONSUMER CREDIT

Andrade, Fabio de; Thomas, Lyn - EconWPA - 2004

We propose a structural credit risk model for consumer lending using option theory and the concept of the value of the … consumer’s reputation. Using Brazilian empirical data and a credit bureau score as proxy for creditworthiness we compare a … the Basel II approach. Our conclusions partially support that approach for modelling the credit risk of portfolios of …

Persistent link: https://www.econbiz.de/10005126110

Optimal Unemployment Insurance with Variable Skill Levels

Pollak, Andreas - EconWPA - 2004

I study the consequences of heterogeneity of skills for the design of an optimal unemployment insurance, using a principal-agent set-up with a risk neutral insurer and infinitely lived risk averse agents. Agents, who are characterised by different productivities or skills, are employed by firms...

Persistent link: https://www.econbiz.de/10005408328

Advertising and the Media

Kremhelmer, Susanne; Zenger, Hans - EconWPA - 2004

efficiently by screening consumers. This screening process may result in excessive prices of media products even in competitive …

Persistent link: https://www.econbiz.de/10005412873

Sequential Models of Bertrand Competition for Deposits and Loans under Asymmetric Information

Bracoud, Frédérique - EconWPA - 2002

This paper analyzes sequential games of double-sided Bertrand competition in the deposit and credit markets, when banks …

Persistent link: https://www.econbiz.de/10005550896

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