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Intermediaries in the Online Advertising Market
D'Annunzio, Anna; Russo, Antonio - 2021
intermediary to disclose consumer information to advertisers when auctioning ad impressions. We show that disclosing information … that enables advertisers to optimize the allocation of ads on multi-homing consumers is profitable to the intermediary only … outsource the sale of their ads to an intermediary, and relate these incentives to the extent of consumer multi-homing, the …
Persistent link: https://www.econbiz.de/10012657905
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Security Bid Auctions for Agency Contracts
Jun, Byoung Heon; Wolfstetter, Elmar G. - 2013
A principal uses security bid auctions to award an incentive contract to one among several agents in the presence of hidden action and hidden information. Securities range from cash to equity and call options. "Steeper" securities are better surplus extractors that narrow the gap between the two...
Persistent link: https://www.econbiz.de/10010328749
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Can Competition Reduce Quality?
Brekke, Kurt R.; Siciliani, Luigi; Straume, Odd Rune - 2014
In a spatial competition setting there is usually a non-negative relationship between competition and quality. In this paper we offer a novel mechanism whereby competition leads to lower quality. This mechanism relies on two key assumptions, namely that the providers are motivated and...
Persistent link: https://www.econbiz.de/10010333397
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Auctions with Imperfect Commitment when the Reserve May Serve as a Signal
Jun, Byoung Heon; Wolfstetter, Elmar G. - 2014
If bidders are uncertain whether the auctioneer sticks to the announced reserve, some bidders respond by strategic non-participation, speculating that the auctioneer may revoke the reserve. However, the reserve inadvertently signals the auctioneer's type, which drives a unique separating and a...
Persistent link: https://www.econbiz.de/10010333455
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Sustainabnility of Product Market Collusion under Credit Market Imperfections
Marjit, Sugata; Mukherjee, Arijit; Yang, Lei - 2016
We study the implications of credit constraints for the sustainability of product market collusion in a bank-financed oligopoly in which firms face an imperfect credit market. We consider two situations, without and with credit rationing, i.e., with a binding credit limit. When there is credit...
Persistent link: https://www.econbiz.de/10011615847
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Mergers in the Digital Economy
Gautier, Axel; Lamesch, Joe - 2020
Over the period 2015-2017, the five giant technologically leading firms, Google, Amazon, Facebook, Amazon and Microsoft (GAFAM) acquired 175 companies, from small start-ups to billion dollar deals. By investigating this intense M&A, this paper ambitions a better understanding of the Big Five's...
Persistent link: https://www.econbiz.de/10012179855
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The Power to Pass on Taxes - A Test for Tax Shifting Based on Observables
Jametti, Mario; Redonda, Agustin; Sen, Anindya - 2013
Since gasoline has a relatively inelastic demand, raising government revenue via gasoline taxes could appear appropriate as it entails a relatively small deadweight loss. However, gasoline retail is generally a highly concentrated market, hence the assumption of perfect competition when...
Persistent link: https://www.econbiz.de/10010317002
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Understanding the latest wave and future shape of regional trade and cooperation agreements in Asia
Bhattacharyay, Biswanath - 2006
Asia accounts for more than 30% of world GDP and contributes half of the global growth in recent years. Despite high growth rates, Asia is still facing considerable socio-economic challenges. If Asia is to reemerge as a major power in the global economy and in order for the region to...
Persistent link: https://www.econbiz.de/10010264025
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Tax competition under minimum rates : the case of European diesel excises
Evers, Michiel; De Mooij, Ruud A.; Vollebergh, Herman R. J. - 2004
This paper estimates Nash-type fiscal reaction functions for European governments competing for revenue from diesel excises. It appears that European governments strategically set their excise levels by responding to their neighbors? tax rates. This provides evidence for the presence of tax...
Persistent link: https://www.econbiz.de/10010272930
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How Far Goods Travel: Global Transport and Supply Chains from 1965-2020
Ganapati, Sharat; Wong, Woan Foong - 2023
This paper considers the evolution of global transportation usage over the past half century and its implications for supply chains. Transportation usage per unit of real output has more than doubled as costs decreased by a third. Participation of emerging economies in world trade and...
Persistent link: https://www.econbiz.de/10014290308