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Market structure and market performance in e-commerce

Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011

We investigate the effect of market structure on market performance in the market for consumer electronics. This research is novel, because we exploit product life cycle information to build an instrumental variable for the number of firms in a market, a variable which hitherto had to be treated...

Persistent link: https://www.econbiz.de/10009646609

Market structure and market performance in e-commerce

Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012

Persistent link: https://www.econbiz.de/10010957693

Do pay-as-bid auctions favor collusion? Evidence from Germany's market for reserve power

Heim, Sven; Götz, Georg - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive behavior in an environment with repeated auctions, pivotal...

Persistent link: https://www.econbiz.de/10010985633

Different Prices for Identical Products? Market Efficiency and the Virtual Location in B2C E-Commerce

Häring, Julia - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003

This paper analyses market efficiency and the role of the virtual location in digital markets using a data set containing more than 23,000 price observations from the online market for contact lenses as well as detailed information about online retailer and product characteristics. The data...

Persistent link: https://www.econbiz.de/10005098170

Mobile network interconnection and investments

Veith, Tobias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

Abstract In markets with competing interconnected networks like mobile telecommunication markets investments affect the … investor’s and also any competitors’ profits. In a theoretical model it is shown that cost-reducing investments reduce the …, investments increase off-net traffic from the investor’s network but also from competitors’ networks. Regulation changes the …

Persistent link: https://www.econbiz.de/10008500714

Industry structure and pricing over the business cycle

Spiegel, Yossi; Stahl, Konrad - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

We consider the interaction between an incumbent firm and a potential entrant, and examine how this interaction is affected by demand fluctuations. Our model gives rise to procyclical entry, prices, and price-cost margins, although the average price in the market can be countercyclical if the...

Persistent link: https://www.econbiz.de/10010957752

Strategic timing of entry: Evidence from video games

Engelstätter, Benjamin; Ward, Michael R. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

This paper investigates how video game publishers' choice of game release date is affected by the expected level of competition within the game's product niche. We identify game niches by genre, age-appropriateness, a four week window cohort, publisher and console system. Our analysis is based...

Persistent link: https://www.econbiz.de/10010985680

The Economic and Environmental Implications of the US Repudiation of the Kyoto Protocol and the Subsequent Deals in Bonn and Marrakech

Zhang, ZhongXiang; Löschel, Andreas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002

Taking account of sinks credits as agreed in Bonn and Marrakech, this paper illustrates how market power could be exerted in the absence of the US ratification under Annex 1 trading and explores the potential implications of non-competitive supply behavior for the international market of...

Persistent link: https://www.econbiz.de/10005097513

Contestability, Technology and Banking

Gropp, Reint; Corvoisier, Sandrine - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

We estimate the effect of internet penetration on retail bank margins in the euro area. Based on an adapted Baumol [1982] type contestability model, we argue that the internet has reduced sunk costs and therefore increased contestability in retail banking. We test this conjecture by estimating...

Persistent link: https://www.econbiz.de/10005097661

Product market competition, corporate governance and firm performance: an empirical analysis for Germany

Januszewski, Silke I.; Köke, Jens; Winter, Joachim K. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1999

Productivity growth has been slow in many continental European countries over the last few decades, especially in comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are two of the main reasons for this phenomenon. However,...

Persistent link: https://www.econbiz.de/10005097717