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This paper develops a model of pricing and advertising in a matching environment with capacity constrained sellers …. Sellers' expenditure on directly informative advertising attracts consumers only probabilistically. Consumers who happen to … maximizing advertising levels are derived and their properties analyzed, including the interplay of prices and advertising with …
Persistent link: https://www.econbiz.de/10005076903
I am revising my game theory book, which is due at the publisher's September 1, 1999. This is the preface, which discusses changes I have made.
Persistent link: https://www.econbiz.de/10005135102
I am putting together a collection of clippings, journal articles, and original material to accompany my game theory book. It is due at the publisher's September 1, 1999. This is the preface, in which I explain my choice of items to include.
Persistent link: https://www.econbiz.de/10005118567
I am putting together a collection of clippings, journal articles, and original material to accompany my game theory book. It is due at the publisher's September 1, 1999. This is the table of contents.
Persistent link: https://www.econbiz.de/10005118599
dominant strategy whenever advertising cost is low, buyers are many and their private information is accurate. When the seller … can postpone the advertising decision and gains experience, past-sales revelation occurs partially. In equilibrium …
Persistent link: https://www.econbiz.de/10005412930
image of the institutions of undergraduate education, are presented, by highlighting the importance of the advertising push …
Persistent link: https://www.econbiz.de/10005413019
A simple Ising spin model which can describe the mechanism of advertising in a duopoly market is proposed. In contrast … via standard Monte Carlo simulations that very simple rules and inclusion of an external field - an advertising campaign …
Persistent link: https://www.econbiz.de/10005556888
Collusion and soft budget constraint are two conspicuous phenomena in transition economies¡¯ banking system. Literature has separately investigated those two phenomena from theoretical point of views. However, the cross-point of both phenomena has been neglected in the research of banking...
Persistent link: https://www.econbiz.de/10005134539
Consider an auction in which $k$ identical objects are sold to $nk$ bidders who each have a value for one object which can have both private and common components to it. Private information concerning the common component of the object is not exogenously given, but rather endogenous and bidders...
Persistent link: https://www.econbiz.de/10005135078
In this paper we address the question of collusion in mechanisms under asymmetric information by assuming that one of the colluding parties offers a side contract to the other one. We develop a methodology to analyze collusion as an informed principal problem. We show that if collusion occurs...
Persistent link: https://www.econbiz.de/10005062362