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Apparent Competition in Two-Sided Platforms
Guven, Gokhan - 2017
We study a platform's design of membership and transaction fees when sellers compete and buyers cannot observe the prices and features of goods without incurring search costs. The platform alleviates sellers' competition by charging them transaction fees that increase with sales revenue, and...
Persistent link: https://www.econbiz.de/10012945113
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The Existence of Informationally Efficient Markets When Individuals Are Rational
Muendler, Marc-Andreas - CESifo - 2004
A rational-expectations equilibrium with positive demand for financial information does exist under fully revealing … average portfolio demand information in equilibrium if they can adjust portfolio size. More information diminishes the … endowments strongly differ from the average portfolio are worse off. Under fully revealing price, information market equilibria …
Persistent link: https://www.econbiz.de/10005406399
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Private Monitoring, Collusion and the Timing of Information
Khalil, Fahad; Lawarree, Jacques P.; Scott, Troy Joseph - 2015
When a principal’s monitoring information is private (non-verifiable), the agent should be concerned that the principal … could misrepresent the information to reduce the agent’s wage or collect a monetary penalty. Restoring credibility may lead … when the private information arrives in time to rescale the agent’s effort. Rescaling is more effective than pure monetary …
Persistent link: https://www.econbiz.de/10014043494
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How Information Affects Support for Education Spending : Evidence from Survey Experiments in Germany and the United States
West, Martin R.; Woessmann, Ludger; Lergetporer, Philipp; … - 2021
education spending and teacher salaries falls when respondents receive information about existing levels. Treatment effects vary … by prior knowledge in a manner consistent with information effects rather than priming. Support for salary increases is …’ lower support for increases. Information about the tradeoffs between specific spending categories shifts preferences from …
Persistent link: https://www.econbiz.de/10013315477
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A Reconsideration of the Sugar Sweetened Beverage Tax in a Household Production Model
Xiang, Di - 2018
We study the impact of a hypothetical tax on sugar - sweetened beverages (SSBs) on the US households' nutrients …
Persistent link: https://www.econbiz.de/10012914675
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Optimal Harvesting of a Spatial Renewable Resource
Behringer, Stefan; Upmann, Thorsten - CESifo - 2012
In this paper we investigate optimal harvesting of a renewable natural resource. While in the standard approach the resource is located at a single point in space we allow for the resource to be distributed over the plane. Consequently, an agent who exploits the resource has to travel from one...
Persistent link: https://www.econbiz.de/10010598511
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Community Enterprises - An Institutional Innovation
Frey, Bruno S.; Lüthi, Roger; Osterloh, Margit - CESifo - 2011
Management research has long focused on the theory of the firm, studying for-profit organizations that produce privately owned resources based on central authority and within well-defined boundaries. In recent times, a new kind of enterprise has emerged that we call Community Enterprises. They...
Persistent link: https://www.econbiz.de/10009020794
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How Effective are Advertising Bans? On the Demand for Quality in Two-Sided Media Markets
Greiner, Tanja; Sahm, Marco - CESifo - 2011
We study a two-sided markets model of two competing television stations that offer content of differentiated quality to ad-averse consumers and advertising space to firms. As all consumers prefer high over low quality content, competition for viewers is vertical. By contrast, competition for...
Persistent link: https://www.econbiz.de/10009221558
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Transfer Pricing and Debt Shifting in Multinationals
Schindler, Dirk; Schjelderup, Guttorm - CESifo - 2013
There is a growing concern that governments lose substantial corporate tax revenue because of profit shifting through transfer-pricing and thin-capitalization strategies. Existing literature studies profit shifting and transfer pricing separately. In practice, the choice of debt-to-asset ratios...
Persistent link: https://www.econbiz.de/10010691260
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The Effectiveness of Taxation and Feed-in Tariffs
Antoniou, Fabio; Strausz, Roland - CESifo - 2014
We study (energy) markets with dirty incumbents and costly entry by clean producers. For intermediate entry costs, the market outcome exhibits inefficient production and inefficient entry. A policy mix of three popular regulatory instruments—taxation on polluters, feed-in tariffs for clean...
Persistent link: https://www.econbiz.de/10010765499