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Equilibrium bids in sponsored search auctions: theory and evidence

Borgers, Tilman; Cox, Ingemar; Pesendorfer, Martin; … - London School of Economics (LSE) - 2013

This paper presents a game theoretic analysis of the generalized second-price auction that the company Overture operated in 2004 to sell sponsored search listings on search engines. We construct a model that embodies few prior assumptions about parameters, and we present results that indicate...

Persistent link: https://www.econbiz.de/10011126718

Advertising and endogenous exit in a differentiated duopoly

Mantovani, Andrea; Mion, Giordano - London School of Economics (LSE) - 2006

In this paper we consider a two-stage duopoly game where firms first decide whether to invest in advertising and then … compete in prices. Advertising has two effects: a market enlargement for both firms and a predatory gain for the investing … investment in advertising and that strong product substitutability may induce a coordination problem. …

Persistent link: https://www.econbiz.de/10011071103

Video killed the radio star? Online music videos and digital music sales

Kretschmer, Tobias; Peukert, Christian - London School of Economics (LSE) - 2014

Sampling poses an interesting problem in markets with experience goods. Free samples reveal product quality and help consumers to make informed purchase decisions (promotional effect). However, sampling may also induce consumers to substitute purchases with free consumption (displacement...

Persistent link: https://www.econbiz.de/10011126443

Modernisation and son preference

Burgess, Robin; Zhuang, Juzhong - London School of Economics (LSE) - 2000

Gaps in welfare attainment between boys and girls in China have attracted international attention. In this paper demand analysis is used to try and uncover the factors which may be driving the emergence of the gender gaps. Drawing on household expenditure data from a poor (Sichuan) and rich...

Persistent link: https://www.econbiz.de/10010928624

Happiness in transition: the case of Kyrgyzstan

Namazie, Ceema; Sanfey, Peter - London School of Economics (LSE) - 1998

We analyse self-reported measures of satisfaction with life in a transition country, Kyrgyzstan, using 1993 household survey data. We test whether higher levels of satisfaction are associated with greater economic well-being. This hypothesis is strongly supported by the data. Unhappiness is...

Persistent link: https://www.econbiz.de/10010744878

The impact of inheritance on the distribution of wealth: evidence from the UK

Karagiannaki, Eleni - London School of Economics (LSE) - 2011

In this paper we examine how the distribution of wealth has been changing in UK over the period 1995 to 2005 and how the sum of inheritance received between 1996-2004 contributed to the observed trends in wealth accumulation and wealth inequality. Using data from the British Household Panel...

Persistent link: https://www.econbiz.de/10010745804

Looking ahead: subjective time perception and individual discounting

Bradford, W. David; Dolan, Paul; Galizzi, Matteo M. - London School of Economics (LSE) - 2014

Time discounting is at the heart of economic decision-making. We disentangle hyperbolic discounting from subjective time perception using experimental data from incentive-compatible tests to measure time preferences, and a set of experimental tasks to measure time perception. The two behavioural...

Persistent link: https://www.econbiz.de/10011126346

The risk of divorce and household saving behavior

González, Libertad; Özcan, Berkay - London School of Economics (LSE) - 2008

We analyze the impact of an increase in the risk of divorce on the saving behaviour of married couples. From a theoretical perspective, the expected sign of the effect is ambiguous. We take advantage of the legalization of divorce in Ireland in 1996 as an exogenous increase in the likelihood of...

Persistent link: https://www.econbiz.de/10011071224

Recent trends in the size and the distribution of inherited wealth in the UK

Karagiannaki, Eleni - London School of Economics (LSE) - 2011

In this paper we document the evolution of the annual flow of inheritances in the UK during the period 1984-2005 and provide estimates for the overall magnitude and the distribution of inherited wealth. Our results indicate that the period under examination the annual flow of inheritance...

Persistent link: https://www.econbiz.de/10011071359

Female labor supply and divorce: new evidence from Ireland

Bargain, Olivier; González, Libertad; Keane, Claire; … - London School of Economics (LSE) - 2010

If participation in the labor market helps to secure women’s outside options in the case of divorce/separation, an increase in the perceived risk of marital dissolution may accelerate the increase in female labor supply. This simple prediction has been tested in the literature using time...

Persistent link: https://www.econbiz.de/10011071522