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A Theory of Crowdfunding - A Mechanism Design Approach with Demand Uncertainty and Moral Hazard

Strausz, Roland - 2016

Crowdfunding provides innovation in enabling entrepreneurs to contract with consumers before investment. Under aggregate demand uncertainty, this improves screening for valuable projects. Entrepreneurial moral hazard and private cost information threatens this benefit. Despite these threats,...

Persistent link: https://www.econbiz.de/10011555542

Data brokers co-opetition

Gu, Yiquan; Madio, Leonardo; Reggiani, Carlo - 2019

Data brokers collect, manage, and sell customer data. We propose a simple model, in which data brokers sell data to downstream firms. We characterise the optimal strategy of data brokers and highlight the role played by the data structure for co-opetition. If data are “sub-additive”, with...

Persistent link: https://www.econbiz.de/10012018214

Switching Beers? The Effects of Switching Costs on Prices and Profits in Competitive Markets

He, Xiaoyang; Siebert, Ralph - 2021

costs across customer income segments and beer brands. Our supply estimation results show that the low-quality firm … experiences a higher competitive pressure on price since low-quality consumers are more price sensitive and switch more easily to … the high-quality firm’s product than vice versa. The high-quality firm is better shielded from price competition, as its …

Persistent link: https://www.econbiz.de/10012582128

Identifying State Dependence in Brand Choice: Evidence from Hurricanes

Levine, Julia; Seiler, Stephan - 2022

We analyze structural state dependence in brand choice using variation from brand switching during stock-outs caused by hurricanes. We derive a simple test for structural state dependence based on the time-series of choice persistence for households affected by the stock-outs. Using data from...

Persistent link: https://www.econbiz.de/10013427675

The Heterogeneous Effect of Digitizing Community Activities on Community Participation

Pocchiari, Martina; Roos, Jason M.T. - 2023

As social and business activities undergo significant digital transformation, the allure of digitized versus traditional in-person events remains a critical question. This study quantifies the heterogeneous effect of digitization on community participation across communities catering to...

Persistent link: https://www.econbiz.de/10014469501

Do Search Engines Increase Concentration in Media Markets?

Calzada, Joan; Duch-Brown, Nestor; Gil, Ricard - 2023

Search engines are important access channels to news content of traditional newspapers with Google alone responsible for 35% of online visits to news outlets in the European Union. Yet, the effects of Google Search on market competition and information diversity have received scant attention....

Persistent link: https://www.econbiz.de/10014469560

How Much Influencer Marketing Is Undisclosed? Evidence from Twitter

Ershov, Daniel; Yanting, He; Seiler, Stephan - 2023

We quantify the prevalence of undisclosed influencer posts on Twitter across a large set of brands based on a unique data set of over 100 million posts. We develop a novel method to detect undisclosed influencer posts and find that 96% of influencer posts are not disclosed as such. Despite...

Persistent link: https://www.econbiz.de/10014469771

Shop Around and You Pay More

Yan, Ji; Tian, Kun; Dixon, Huw D.; Heravi, Saeed; … - 2014

We examine the relationship between the prices paid by households and their shopping patterns measured in terms of shopping frequency and the range of stores visited. We use the TNS data which allows us to control for household heterogeneity. The main contribution of the paper is that we find...

Persistent link: https://www.econbiz.de/10010398583

Sales Performance and Social Preferences

Essl, Andrea; von Bieberstein, Frauke; Kosfeld, Michael; … - 2018

We use an incentivized experimental game to uncover heterogeneity in other-regarding preferences among salespeople in a large Austrian retail chain. Our results show that the majority of agents take the welfare of others into account but a significant fraction reveals self-regarding behavior....

Persistent link: https://www.econbiz.de/10011872087

Exclusive Data, Price Manipulation and Market Leadership

Gu, Yiquan; Madio, Leonardo; Reggiani, Carlo - 2019

The unprecedented access of firms to consumer level data not only facilitates more precisely targeted individual pricing but also alters firms’ strategic incentives. We show that exclusive access to a list of consumers can provide incentives for a firm to endogenously assume the price...

Persistent link: https://www.econbiz.de/10012141054

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