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The Control of Porting in Two-Sided Markets

Pollock, R. - Faculty of Economics, University of Cambridge - 2007

A sizable literature has grown up in recent years focusing on two-sided markets in which economies of scale combined with complementarities between a platform and its associated ‘software’ or ‘services’ can generate indirect network effects (that is positive feedback between the number...

Persistent link: https://www.econbiz.de/10005113747

Practice Makes Perfect: On Professional Standards

Sällström Matthews, S.E. - Faculty of Economics, University of Cambridge - 2007

Practising is a matter of increasing the reliability of ones skills rather than relying on a tool or a strike of genius to get it right. Once perfection has been achieved the individual will aim for higher quality since the effort is more likely to be worthwhile. Furthermore because the returns...

Persistent link: https://www.econbiz.de/10005113798

An Experimental Study of Price Dispersion in a Search Model with Advertising

Datta, Shakun; Cason, Timothy N. - Econometric Society - 2004

This paper reports a laboratory experiment to study pricing and advertising behavior in a market with costly buyer … increases in either search or advertising costs are reflected in higher equilibrium prices. To test the predictions regarding … the level and dispersion of prices and advertising intensity, we vary the costs of search and advertising as well as the …

Persistent link: https://www.econbiz.de/10005063675

Advertising Dynamics and Competitive Advantage

Doraszelski, Ulrich; Markovich, Sarit - Econometric Society - 2004

Can advertising lead to a sustainable competitive advantage? To answer this question, we propose a dynamic model of … advertising competition where firms repeatedly advertise, compete in the product market, and make entry as well as exit decisions …. Within this dynamic framework, we study two different models of advertising: In the first model, advertising influences the …

Persistent link: https://www.econbiz.de/10005702675

Conflicts of Interest and Credible Information Provision by Specialized and One-Stop Banks

Shapiro, Joel; Bolton, Patrick; Freixas, Xavier - Econometric Society - 2004

This paper is concerned with the general question of the provision of information by financial intermediaries to their customers. Specifically, it analyzes the different ways the market can be organized and its effects on pricing and the level of information investors obtain. We find that market...

Persistent link: https://www.econbiz.de/10005328965

Ordinal Cheap Talk in Common Value Auctions

Chakraborty, Archishman; Gupta, Nandini - Econometric Society - 2004

Sellers benefit on average from revealing information about their goods to buyers, but the incentive to exaggerate undermines the credibility of seller statements. When multiple goods are being auctioned, we show that ordinal cheap talk, which reveals a complete or partial ordering of the...

Persistent link: https://www.econbiz.de/10005328976

Durable Goods Monopoly with Quality Improvements over Time

Biglaiser, Gary; Anton, James J. - Econometric Society - 2004

We examine a dynamic, durable goods model. A monopolist faces two types of consumers who value the monopolist’s goods differently. The quality of the good improves over time and an improvement is only valuable to consumers if they have previous improvements. In each period, the monopolist can...

Persistent link: https://www.econbiz.de/10005328983

Intertemporal Quality Discrimination

Chi, Woody Chih-yi - Econometric Society - 2004

New technology is usually expensive and it takes time for manufacturers to make the technology more accessible. In the stereo industry, the first Super Audio Compact Disk (SACD) player made by Sony, SCD-1, sold for $5,000 in 1999; in 2002 the cheapest of Sony's new SACD players, SCD-CE775, had a...

Persistent link: https://www.econbiz.de/10005342349

Experimental Analysis of the Reputational Incentives in a Self Regulated Organization

José Luis Lima R.; Javier Nuñez E. - Econometric Society - 2004

Self regulation is a mechanism of quality vigilance that is frequently used in credence good industries. The providers in these markets generally form a Self Regulated Organization (SRO), composed by some members of the industry, whose main job is to convince consumers through an active...

Persistent link: https://www.econbiz.de/10005129771

Strategic Maneuvering and Standardization: Critical Advantage or Critical Mass?

Park, Sangin - Econometric Society - 2004

It is widely speculated that the adoption of a technology takes off to be self-sustaining if it reaches the critical mass. However, the sponsors of competing technologies may engage in strategic maneuvering in the adoption process. Indeed, this paper shows that in the de facto standardization...

Persistent link: https://www.econbiz.de/10005130243

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