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Experimentation in Two-Sided Markets
Peitz, Martin - 2015
We study optimal experimentation by a monopolistic platform in a two-sided market. The platform provider is uncertain about the strength of the externality each side is exerting on the other. Setting participation fees on both sides, it gradually learns about these externalities by observing...
Persistent link: https://www.econbiz.de/10013022496
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Platform Intermediation in a Market for Differentiated Products
Galeotti, Andrea - 2008
that the monopoly platform does not introduce distortions over and above those arising from the market power of the …
Persistent link: https://www.econbiz.de/10012772229
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Complexity, Efficiency, and Fairness of Multi-Product Monopoly Pricing
Miravete, Eugenio J. - 2014
The Pennsylvania Liquor Control Board administers the purchase and sale of wine and spirits and is mandated to charge a uniform 30% markup on all products. We use an estimated discrete choice model of demand for spirits, together with information on wholesale prices, to assess the implications...
Persistent link: https://www.econbiz.de/10013055988
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Behavioral Constraints on Pricing : Experimental Evidence on Price Discrimination and Customer Antagonism
Leibbrandt, Andreas - 2017
In this study, we investigate behavioral constraints on pricing by using a novel laboratory experiment in which actual consumption goods are traded. We test different models and provide several insights into pricing and reactions to price discrimination. First, we identify the extent to which...
Persistent link: https://www.econbiz.de/10012965710
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Taxation and Market Power
Konrad, Kai A. - 2010
We analyze the incidence and welfare effects of unit sales taxes in experimental monopoly and Bertrand markets. We find …, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to … consumers, independent of whether buyers are automated or human players. In monopoly markets, a monopolist bears a large share …
Persistent link: https://www.econbiz.de/10013149368
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Limit Pricing and the (In)Effectiveness of the Carbon Tax
Andrade de Sa, Saraly - 2014
Demand for oil is very price inelastic. Facing such demand, an extractive cartel induces the highest price that does not destroy its demand, unlike the conventional Hotelling analysis: the cartel tolerates ordinary substitutes to its oil but deters high-potential ones. Limit-pricing equilibria...
Persistent link: https://www.econbiz.de/10013043618
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Strategic Corporate Social Responsibility
Planer-Friedrich, Lisa - 2017
We examine the strategic use of Corporate Social Responsibility (CSR) in imperfectly competitive markets. The level of CSR determines the weight a firm puts on consumer surplus in its objective function before it decides upon supply. First, we consider symmetric Cournot competition and show that...
Persistent link: https://www.econbiz.de/10012953707
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Advance-Purchase Financing of Projects with Few Buyers
Sahm, Marco - 2021
I investigate a simple model of advance-purchase contracts as a mode of financing costly projects. An entrepreneur has to meet some capital requirement in order to start production and sell the related good to a limited number of potential buyers who are privately informed about their...
Persistent link: https://www.econbiz.de/10013315520
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Experimentation in Two-Sided Markets
Peitz, Martin; Rady, Sven; Trepper, Piers - CESifo - 2015
We study optimal experimentation by a monopolistic platform in a two-sided market. The platform provider is uncertain about the strength of the externality each side is exerting on the other. Setting participation fees on both sides, it gradually learns about these externalities by observing...
Persistent link: https://www.econbiz.de/10011277185
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Platform Intermediation in a Market for Differentiated Products
Galeotti, Andrea; Gonzales, José Luis Moraga - CESifo - 2008
that the monopoly platform does not introduce distortions over and above those arising from the market power of the …
Persistent link: https://www.econbiz.de/10005181272