Showing 1 - 10 of 29
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
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
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
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
pricing in the presence of such network effects, under incomplete information, and with the threat of competitive entry. Both … important implications for pricing policy. The threat of entry generally lowers profits for the monopolist, and increases … customer surplus. When network effects are homogeneous across customers, the resulting entry-deterring monopoly contract is a …
Persistent link: https://www.econbiz.de/10005561494
Este trabajo analiza la entrada y la competencia en servicios de telecomunicaciones, en los que las empresas se diferencian por sus costes hundidos y por la valoración que reciben de los consumidores. En este marco de análisis desaparece el problema de coordinación presente en la literatura...
Persistent link: https://www.econbiz.de/10005076891
specifications, full incompatibility and preemption are again observed at the equilibrium. With incompatibility, entry deterrence …
Persistent link: https://www.econbiz.de/10005134422
The theoretical literature on industrial organization has been argued that firms hold excess capacity to deter entry … hold excess capacity not for entry deterrence but for getting higher benefit from other business strategy such as licensing …
Persistent link: https://www.econbiz.de/10005134504
The literature on technology licensing has ignored the importance of market power of the input supplier. In this paper we examine the impact of licensing in the downstream industry when the firms in the upstream industry have market power. We show that licensing in the downstream industry can...
Persistent link: https://www.econbiz.de/10005134560
This paper explores, through a series of experiments, the effect of shill bidding upon revenues and prices in auctions. We study the practice of shill bidding in a common value framework. Our findings are consistent with the theoretical prediction that, if bidders are aware of the possibility of...
Persistent link: https://www.econbiz.de/10005408226