Showing 1 - 10 of 12
This paper studies a dynamic two-sided market in which consumers face switching costs between competing products. I …
Persistent link: https://www.econbiz.de/10010934778
capacity. I find that market power of the monopolist providing exible resources distorts investment incentives, while …
Persistent link: https://www.econbiz.de/10010934791
This paper identifies strategies to build a library consortium from a long term point of view. Contrary to the conventional wisdom to build a consortium around groups of homogenous institutions (Davis, 2002), we find that libraries with similar preferences are likely to lose from building a...
Persistent link: https://www.econbiz.de/10011004747
Electronic academic journal websites provide new services of text and/or data mining and linking, indispensable for efficient allocation of attention among abundant sources of scientific information. Fully realizing the benefit of these services requires interconnection among websites. Motivated...
Persistent link: https://www.econbiz.de/10008465334
We consider competition among sellers when each of them sells a portfolio of distinct products to a buyer having limited slots. We study how bundling affects competition for slots. Under independent pricing, equilibrium often does not exist and hence the outcome is often inefficient. When...
Persistent link: https://www.econbiz.de/10008465345
In this paper, we study how access pricing affects network competition when subscription demand is elastic and each network uses non-linear prices and can apply termination-based price discrimination. In the case of a fixed per minute termination charge, we find that a reduction of the...
Persistent link: https://www.econbiz.de/10008465377
In this paper we study, as in Jeon-Menicucci (2009), competition between sellers when each of them sells a portfolio of distinct products to a buyer having limited slots. This paper considers sequential pricing and complements our main paper (Jeon- Menicucci, 2009) that considers simultaneous...
Persistent link: https://www.econbiz.de/10008465391
Cross-country variability in regulatory frameworks, industrial policy, physician/pharmacy autonomy, brand/generic distinctions, and in the practice of medicine contributes to ambiguous interpretations of pharmaceutical cost comparisons. Here we report cross-country comparisons that: (i) focus on...
Persistent link: https://www.econbiz.de/10010823131
It is well-known from Innes and Sexton (1993, 1994) that divide-and-conquer contracts allow an incumbent facing a potential entrant to extract more surplus from buyers and hence buyers suffer from the strategy. In this paper, we show that when sellers compete by offering personalized non-linear...
Persistent link: https://www.econbiz.de/10011103539
High-speed market connections improve investors' ability to search for attractive quotes in fragmented markets, raising … gains from trade. They also enable fast traders to observe market information before slow traders, generating adverse … market type on which fast and slow traders coexist and ii) Pigovian taxes on investment in the fast trading technology. …
Persistent link: https://www.econbiz.de/10011103546