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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

Auctions with a Buy Price

Wooders, John; Reynolds, Stanley S. - Econometric Society - 2004

Internet auctions on eBay and Yahoo allow sellers to list their auctions with a Buy-Now option. In such auctions the seller sets a buy price at which a bidder may purchase the item immediately and end the auction. In the eBay version of a buy-now auction, the buy-now option disappears as soon as...

Persistent link: https://www.econbiz.de/10005702657

The Effect of Cross Ownership on Competition in Auction Markets

Waehrer, Keith; Greenlee, Patrick - Econometric Society - 2004

competition. It is not uncommon for enforcement agencies to investigate such an arrangements as a possible violation of antitrust … distribution of the highest value in the auction. A similar decrease in competition occurs in independent private-value second …

Persistent link: https://www.econbiz.de/10005329010

Product Market Competition and Productive Managerial Effort

Cho, Sungbin - Econometric Society - 2004

This paper analyzes a mechanism through which product market competition affects allocation of the managerial efforts … reduction (productive effort) and rent protection (unproductive effort). An increase in competition, measured by the number of … identifies the conditions under which product market competition lowers the cost of providing incentives for productive effort …

Persistent link: https://www.econbiz.de/10005063759

Why is on-net traffic cheaper than off-net traffic? Access markup as a collusive device and a barrier to entry.

Vagstad, Steinar; Gabrielsen, Tommy Staahl - Econometric Society - 2004

Received literature have shown that if competing networks are restricted to linear and uniform pricing, high access charges can facilitate collusion; a result that breaks down if we allow for non-linear and discriminatory pricing, however. We show that by adding unbalanced calling pattern to the...

Persistent link: https://www.econbiz.de/10005702527

Advances in economics and econometrics ; Vol. 2

Blundell, Richard W. (contributor); … - 2006 - 1. publ.

Persistent link: https://www.econbiz.de/10003423706

Equilibrium Sorting of Heterogeneous Consumers Across Locations

Nesheim, Lars - Econometric Society - 2004

This paper develops a model in which a continuum of consumers choose from a continuum of locations indexed by school quality. It computes equilibria that are sustained by an equilibrium price function that matches consumers to different locations based on their willingness to pay for school...

Persistent link: https://www.econbiz.de/10005063696

Information Flow, Social Interactions and the Fluctuations of Prices in Financial Markets

Matos, João Amaro de - Econometric Society - 2004

We model how excess demand or excess supply can be generated in the presence of a social network of interactions, where agents are subject to external information and individual incentives. In this context we study price fluctuations in financial markets under equilibrium. In particular, we...

Persistent link: https://www.econbiz.de/10005170256

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