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Should utility-reducing media advertising be taxed?
Kind, Hans Jarle; Köthenbürger, Marko; Schjelderup, … - 2009
economic theory prescribes that the advertising volume can be optimally reduced by levying a tax on ads. However, making use of … recent advances in the theory of Industrial Organization and two-sided markets we show that taxing ads may be …
Persistent link: https://www.econbiz.de/10003820002
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Imperfect exchange rate passthrough : strategic pricing and menu costs
Ghosh, Atish R.; Wolf, Holger C. - 2001
A large body of literature finds that exporters do not pass nominal exchange rate movements fully through to destination market prices over short time horizons. This imperfect passthrough has been widely attributed to strategic pricing-to-market , whereby exporters deliberately accept changes in...
Persistent link: https://www.econbiz.de/10011398066
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On the partial public provision of a private good
Jayaraman, Rajshri - 2002
When the public provision of private goods is partial rather than universal, public supply may be supplemented by the entry of private firms in the market for the private good. The main purpose of this paper is to explore whether partial public provision helps or hinders aggregate access to the...
Persistent link: https://www.econbiz.de/10011514028
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The law of one price : a case study
Haskel, Jonathan; Wolf, Holger C. - 2001
We use retail transaction prices for a multinational retailer to examine the extent and permanence of violations of the law of one price (LOOP). For identical products, we find typical deviations of twenty to fifty percent, though there is muted evidence for convergence over time. Such...
Persistent link: https://www.econbiz.de/10011398034
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Welfare implications of personalized pricing in competitive platform markets : the role of network effects
Lu, Qiuyu; Matsushima, Noriaki; Shekhar, Shiva - 2024
, which is private in nature, cannot influence expectations regarding the network sizes, inducing the platforms to offer lower … participation fees for developers. Those lower fees increase network benefits for consumers, allowing the platforms to exploit these … benefits through personalized pricing. Personalized prices are higher when the network value for developers is high, benefiting …
Persistent link: https://www.econbiz.de/10014490912
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Beyond the dogma of the fixed book price agreement
Ploeg, Frederick van der - 2003
After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is given. Allowance is made for the opportunity cost of reading. Theoretically, the agreement pushes up book prices and depresses book sales. However, more titles will be published,...
Persistent link: https://www.econbiz.de/10011507914
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Technological change, entry and stock market dynamics : an analysis of transition in a monopolistic economy
Datta, Bipasa; Dixon, Huw - 2002
This paper explores an equilibrium model for industry entry dynamics and technological change. We focus on the share valuation of firms in the transition as technology changes, and whether or not share prices are always increasing when technology improves. We find that there can be a U-shaped...
Persistent link: https://www.econbiz.de/10011408812
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Experimentation in two-sided markets
Peitz, Martin; Rady, Sven; Trepper, Piers - 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/10010518802
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A panel data model with generalized higher-order network effects
Baltagi, Badi H.; Ding, Sophia; Egger, Peter - 2020
Many data situations require the consideration of network effects among the cross-sectional units of observation. In … this paper, we present a generalized panel model which accounts for two features: (i) three types of network effects on the … error components, and (ii) higher-order network effects due to ex-ante unknown network-decay functions or the presence of …
Persistent link: https://www.econbiz.de/10012306579
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A simple model of buyer-seller networks in international trade
Herkenhoff, Philipp; Krautheim, Sebastian; Sauré, Philip - 2021
The recent literature on firm-to-firm trade has documented salient empirical regularities of the buyer-seller network …
Persistent link: https://www.econbiz.de/10012534686