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A Note on Costly Sequential Search and Oligopoly Pricing (new title: Truly Costly Sequential Search and Oligopolistic Pricing,)

Janssen, Maarten C. W.; Gonzales, José Luis Moraga; … - CESifo - 2004

We modify the paper of Stahl (1989) on sequential consumer search in an oligopoly context by relaxing the assumption that consumers obtain the first price quotation for free. When all price quotations are costly to obtain, a new equilibrium arises where consumers randomize between not searching...

Persistent link: https://www.econbiz.de/10005765852

Deviations from the Law of One Price in Japan

Cheung, Yin-Wong; Fujii, Eiji - CESifo - 2008

Using 25 years of monthly data on individual Japanese retail prices, we study the behavior of product-specific Law of One Price (LOP) deviations. Individual tradable products, compared with nontradables, are more likely to have different distributions of LOP deviations across cities. Their...

Persistent link: https://www.econbiz.de/10005765970

The Elasticity of Trade: Estimates and Evidence

Simonovska, Ina; Waugh, Michael E. - CESifo - 2011

Quantitative results from a large class of international trade models depend critically on the elasticity of trade with respect to trade frictions. We develop a simulated method of moments estimator to estimate this elasticity from disaggregate price and trade-flow data using the Ricardian...

Persistent link: https://www.econbiz.de/10008853860

A Model of Strategic Targeted Advertising

Galeotti, Andrea; Moraga-González, José Luis - CESifo - 2004

We study a simultaneous move game of targeted advertising and pricing in a market with various consumer segments. In this setting we explore the implications of market segmentation on firm competitiveness. If firms are unable to target their ads on different consumer segments, a unique...

Persistent link: https://www.econbiz.de/10005406285

Consumer Search and Oligopolistic Pricing: An Empirical Investigation

Janssen, Maarten C. W.; Moraga-González, José Luis; … - CESifo - 2004

This paper presents an empirical examination of oligopoly pricing and consumer search. The theoretical model allows for sequential and non-sequential search and, using the theoretical restrictions firm and consumer behavior impose on the data, we study the empirical validity of the models. Two...

Persistent link: https://www.econbiz.de/10005094320

Deviations from the Law of One Price in Japan

Cheung, Yin-Wong - 2013

Persistent link: https://www.econbiz.de/10012753617

The Effect of Internet Piracy on CD Sales: Cross-Section Evidence

Peitz, Martin; Waelbroeck, Patrick - CESifo - 2004

Persistent link: https://www.econbiz.de/10005765667

The Economics of Books

Canoy, Marcel F. M.; Ours, Jan C. van; Ploeg, Frederick … - CESifo - 2005

The tensions between books and book markets as expressions of culture and books as products in profit-making businesses are analysed and insights from the theory of industrial organisation are given. Governments intervene in the market for books through laws concerning prices of books, grants...

Persistent link: https://www.econbiz.de/10005766082

An Economist’s Guide to Digital Music

Peitz, Martin; Waelbroeck, Patrick - CESifo - 2004

In this guide, we discuss the impact of digitalization on the music industry. We rely on market and survey data at the international level as well as expert statements from the industry. The guide investigates recent developments in legal and technological protection of digital music and...

Persistent link: https://www.econbiz.de/10005766225

Surfing Alone? The Internet and Social Capital: Evidence from an Unforeseeable Technological Mistake

Bauernschuster, Stefan; Falck, Oliver; Woessmann, Ludger - CESifo - 2011

Does the Internet undermine social capital or facilitate inter-personal and civic engagement in the real world? Merging … unique telecommunication data with geo-coded German individual-level data, we investigate how broadband Internet affects …-owned telecommunication provider in the 1990s that still hinders broadband Internet access for many households. We find no evidence that the …

Persistent link: https://www.econbiz.de/10009024847