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Product Market Competition and the Boundaries of the firm

Bettignies, Jean-Etienne de - Econometric Society - 2004

This paper studies the effects of product market competition on vertical integration. In a duopoly setting, each retailer is associated with a manufacturer who must decide how to allocate property rights over the retail asset. Choosing delegation of property rights over vertical integration...

Persistent link: https://www.econbiz.de/10005699681

Delegating Procurement to Experts

Lewis, Tracy; Dai, Chifeng - Econometric Society - 2004

Buyers frequently delegate purchase decisions to sellers who are better informed about supply options and the cost of service. This paper analyzes how buyers optimally contract with sellers who vary in their expertise at prescribing service. We show that the most expert suppliers offer the...

Persistent link: https://www.econbiz.de/10005130176

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

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

information investors obtain. We find that market structure depends on on the reputation costs, switching costs for customers, and …

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

differently. The quality of the good improves over time and an improvement is only valuable to consumers if they have previous … from an initial level and then the low types will “catch-up” to the quality distance at the beginning of a cycle. This …

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

Intertemporal Quality Discrimination

Chi, Woody Chih-yi - Econometric Society - 2004

market is monopoly, and study the quality decision and the pricing of the durable goods monopolist whose first …-generation product has higher quality than the second-generation one, which is not available at the time the first-generation product is … intertemporal quality discrimination. Our analysis focuses on whether the monopolist would produce goods with qualities higher than …

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 … high standards of quality. The SRO main objective is to create confidence among consumers about the quality they are … receiving from the market. Hence, consumers expects that an SRO: a) effectively watch her members, controlling their quality …

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

The Consortium Standard and Patent Pools

Aoki, Reiko; Nagaoka, Sadao - Econometric Society - 2004

We examine patent pools in the context of a consortium standard. Although such pools of complementary technologies are approved by antitrust authorities, the actual implementation has proved to be problematic. We identify two possible obstacles: free riding and bargaining failure. We also...

Persistent link: https://www.econbiz.de/10005702749

Coordination, Specialization and Incentives: An Equilibrium Model of Firm Boundaries

Mathewson, Frank; Horstmann, Ignatius J. - Econometric Society - 2004

This paper derives firm boundaries as the outcome of an equilibrium coordination mechanism. The analysis is premised on the notion that efficient production and distribution are achieved through a mechanism that coordinates three basic activities: i) input acquisition, ii) production, iii)...

Persistent link: https://www.econbiz.de/10005328943