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Digital Rights Management and the Pricing of Digital Products

Scotchmer, Suzanne; Park, Yooki - National Bureau of Economic Research (NBER) - 2005

As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...

Persistent link: https://www.econbiz.de/10005778863

Market Structure, Reputation, and the Value of Quality Certification

Elfenbein, Daniel; Fisman, Raymond; McManus, Brian - National Bureau of Economic Research (NBER) - 2014

Quality certification programs help consumers to identify high-quality products or sellers in markets with information asymmetries. Using data from eBay UK's online marketplace, we study how certification's impact on consumer demand varies with market- and seller-level attributes, exploiting...

Persistent link: https://www.econbiz.de/10010950765

Optimal Aggregation of Consumer Ratings: An Application to Yelp.com

Lee, Jungmin; Dai, Weijia; Jin, Ginger Z.; Luca, Michael - National Bureau of Economic Research (NBER) - 2012

Consumer review websites leverage the wisdom of the crowd, with each product being reviewed many times (some with more than 1,000 reviews). Because of this, the way in which information is aggregated is a central decision faced by consumer review websites. Given a set of reviews, what is the...

Persistent link: https://www.econbiz.de/10010951287

The Limits of Reputation in Platform Markets: An Empirical Analysis and Field Experiment

Nosko, Chris; Tadelis, Steven - National Bureau of Economic Research (NBER) - 2015

We argue that reputation mechanisms used by platform markets suffer from two problems. First, buyers may draw conclusions about the quality of the platform from single transactions, causing a reputational externality across sellers. Second, for a variety of reasons we discuss, reputations will...

Persistent link: https://www.econbiz.de/10011264927

Input and Technology Choices in Regulated Industries: Evidence From the Health Care Sector

Acemoglu, Daron; Finkelstein, Amy - National Bureau of Economic Research (NBER) - 2006

This paper examines the implications of regulatory change for the input mix and technology choices of regulated industries. We present a simple neoclassical framework that emphasizes the change in relative factor prices associated with the regulatory change from full cost to partial cost...

Persistent link: https://www.econbiz.de/10005050010

Regulating Consumer Financial Products: Evidence from Credit Cards

Agarwal, Sumit; Chomsisengphet, Souphala; Mahoney, Neale; … - National Bureau of Economic Research (NBER) - 2013

with FICO scores below 660. Consistent with a model of low fee salience and limited market competition, we find no evidence …

Persistent link: https://www.econbiz.de/10010951059

Competing on Speed

PHILIPPON, Thomas; Pagnotta, Emiliano - National Bureau of Economic Research (NBER) - 2011

faster trading speed. Asset prices decrease when there is intermediation competition and are further depressed by price … number of exchanges, faster trading is in general socially desirable. Similarly, for a given trading speed, competition among … exchange increases participation and welfare. However, when speed is endogenous, competition between exchanges is not …

Persistent link: https://www.econbiz.de/10009370806

Algorithms and the Changing Frontier

Agwara, Hezekiah; Auerswald, Philip; Higginbotham, Brian - National Bureau of Economic Research (NBER) - 2014

We first summarize the dominant interpretations of the "frontier" in the United States and predecessor colonies over the past 400 years: agricultural (1610s-1880s), industrial (1890s-1930s), scientific (1940s- 1980s), and algorithmic (1990s-present). We describe the difference between the...

Persistent link: https://www.econbiz.de/10011271463

Public Procurement and the Private Supply of Green Buildings

Simcoe, Timothy; Toffel, Michael W. - National Bureau of Economic Research (NBER) - 2012

We measure the impact of municipal policies requiring governments to construct green buildings on private-sector adoption of the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) standard. Using matching methods, panel data, and instrumental variables, we find...

Persistent link: https://www.econbiz.de/10010570536

Consumer Price Search and Platform Design in Internet Commerce

Levin, Jonathan; Dinerstein, Michael; Einav, Liran; … - National Bureau of Economic Research (NBER) - 2014

data from eBay to estimate a model of consumer search and price competition when retailers offer homogeneous goods. We find …

Persistent link: https://www.econbiz.de/10010951027

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