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Demand Shifts and Second Degree Price discimination - the Impact of DVDs on the Motion Pictures Industry

Beresteanu, Arie - Econometric Society - 2004

This paper applies models of price discrimination to the motion picture industry. Movies are durable goods with no resale market. Therefore, price discrimination using time can be used. The distributors release the movie in two different periods: theaters and video. The first is a high quality...

Persistent link: https://www.econbiz.de/10005328969

Music Product as a Durable Good and Online Piracy

Poddar, Sougata - Econometric Society - 2004

Music is typical experience good and the formats in which music is available; for example, CDs and cassettes or downloaded files are durable in nature. Using these two typical characteristics of the 'music product', in this paper, we develop an analytical framework to study the economic...

Persistent link: https://www.econbiz.de/10005130159

Modeling movie success when "nobody knows anything": Conditional stable distribution analysis of film returns

Walls, W David - Econometric Society - 2004

In this paper we apply a recently-developed statistical model that explicitly accounts for the extreme uncertainty surrounding film returns. The conditional distribution of box-office returns is analyzed using the stable distribution regression model. The regression coefficients in this model...

Persistent link: https://www.econbiz.de/10005063743

bundling electronic journals and competition among publishers

menicucci, domenico; jeon, doh-shin - Econometric Society - 2004

Site licensing of e-journals has been revolutionizing the way academic information is distributed. However, many librarians are concerned about the possibility that publishers might abuse site licensing by practicing bundling. In this paper, we analyze how bundling affects journal pricing in the...

Persistent link: https://www.econbiz.de/10005063744

Strategic Ex-ante Contracts: Rent-Extraction and Opportunity Costs

Hua, Xinyu - Econometric Society - 2004

This paper considers the possibility that a seller can contract with one uninformed buyer prior to an auction involving two potential buyers. In a more general setting than previous literature, strategic ex-ante contracts not only extract rent from entrants, but could also mitigate the...

Persistent link: https://www.econbiz.de/10005130202

Welfare Properties of Network Bypass

Martin, Richard - Econometric Society - 2004

One result of the deregulation of utilities in New Zealand has been the bypass of existing networks. We investigate two cases of bypass in the distribution of natural gas, and compare the welfare properties of regulation vs.\ the `laissez-faire' equilibrium. We demonstrate that installing a...

Persistent link: https://www.econbiz.de/10005702578

A theory of consumer referral

Kim, Jeong-Yoo; Jun, Tackseung - Econometric Society - 2004

In this paper, we consider the network as an alternative trading environment to the market. The main distinctive feature of the network transaction is the dependence of buyers' purchasing behavior, which makes all consumers not equally valuable to a seller. We characterize the optimal behavior...

Persistent link: https://www.econbiz.de/10005702702

Media Frenzies in Markets for Financial Information

Veldkamp, Laura - Econometric Society - 2004

Promising emerging equity markets often witness investment herds and frenzies, accompanied by an abundance of media …

Persistent link: https://www.econbiz.de/10005063589

Media Mergers and the Ideological Content of Programming

Wickelgren, Abraham L.; Balan, David J.; DeGraba, Patrick - Econometric Society - 2004

This paper shows how rules restricting common ownership of multiple media outlets affect both the magnitude and … quite reasonable, we assume that media owners derive utility from the ideological content of programming (say, because they … engage in their preferred form of ideological persuasion. In our model, there are two media outlets and three media owners …

Persistent link: https://www.econbiz.de/10005702648

The Dynamic Reform of Political Institutions

Lagunoff, Roger - Econometric Society - 2004

This paper formulates a model of dynamic, endogenous reform of political institutions. Specifically, a class of dynamic political games (DPGs) is introduced in which institutional choice is both recursive and instrumental. It is recursive because future political institutions are decided under...

Persistent link: https://www.econbiz.de/10005328876