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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

Quality of Supply in Energy Regulation Measurement,Assessment and Experience from Norway

Growitsch, C.; Jamasb, T.; Mueller, C.; Wissner, M. - Faculty of Economics, University of Cambridge - 2009

In order to overcome the incentive of excessive maintenance reductions and insufficient network investments in incentive regulation of electricity distribution companies, regulators throughout Europe have started regulating quality of service in the energy sector. In this paper, we discuss the...

Persistent link: https://www.econbiz.de/10005068278

Does Liberalisation cause more Electricity Blackouts? Evidence from a Global Study of Newspaper Reports

Yu, W.; Pollitt, M.G. - Faculty of Economics, University of Cambridge - 2009

There is a public perception that electricity liberalisation is the major cause of recent electricity blackouts. This is reflected in the newspaper reporting of blackouts. By contrast, it was not listed as a cause in any official investigation reports. In this paper, we examine the common causes...

Persistent link: https://www.econbiz.de/10005647354

Controlling the Herd: Applications of Herding Theory

Sgroi, D. - Faculty of Economics, University of Cambridge - 2001

The literature on informational cascades and herding theory has for a decade focused on the externality and suboptimal outcomes generated from decision-making when spaces are coarser than private information spaces. Much of the output has therefore been positive, not normative. This paper...

Persistent link: https://www.econbiz.de/10005647371

Benchmarking and incentive regulation of quality of service: an application to the UK electricity distribution utilities

Giannakis, D.; Jamasb, T.; Pollitt, M.G. - Faculty of Economics, University of Cambridge - 2004

Quality of service has emerged as an important issue in post-reform regulation of electricity distribution networks. Regulators have employed partial incentive schemes to promote cost saving, investment efficiency, and service quality. This paper presents a quality-incorporated benchmarking...

Persistent link: https://www.econbiz.de/10005650529

The Superiority of Tough Reviewers in a Model of Simultaneous Sales

Gill, D.; Sgroi, D. - Faculty of Economics, University of Cambridge - 2003

This paper considers the impact of reviewers on the sale of a product of unknown quality. Sales occur simultaneously after an initial review by an unbiased, pessimistic or optimistic reviewer and we examine the impact on sales in each case. We find that counter-intuitively a pessimistic reviewer...

Persistent link: https://www.econbiz.de/10005783744

Does Weather Explain the Cost and Quality? An Analysis of UK Electricity Distribution Companies

Yu, W.; Jamasb, T.; Pollitt, M.G. - Faculty of Economics, University of Cambridge - 2008

In recent years, a number of empirical studies and energy regulators have applied benchmarking techniques to measure the efficiency and performance of network utilities. An important issue has been the extent to which such results are influenced by contextual factors. Among these, weather...

Persistent link: https://www.econbiz.de/10005783779

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