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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/10012597891
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Security bid auctions for agency contracts
Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 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/10010227234
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Auctions with imperfect commitment when the reserve may serve as a signal
Chŏn, Pyŏng-hŏn; 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/10010231626
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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/10010246067
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Sustainability 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/10011587934
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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/10012154717
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The limits of marketplace fee discrimination
Tremblay, Mark J. - 2021
determine equilibrium fee and category decisions that depend on the extent of fee discrimination available to the platform and … find that greater fee discrimination allows the platform to serve more markets in its marketplace but also increases fees … in high surplus markets. However, if the platform enters into retail, then the platform reduces its fees and generates …
Persistent link: https://www.econbiz.de/10012692299
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Apparent competition in two-sided platforms
Guven, Gokhan; Inci, Eren; Russo, Antonio - 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 …
Persistent link: https://www.econbiz.de/10011721758
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Market shares in two-sided media industries
Kind, Hans Jarle; Stähler, Frank - 2009
This paper generalizes the frequently used Hotelling model for two-sided markets in order to determine the equilibrium market shares. We show that advertisement levels depend neither on the media price nor on the location of the media firm. An increase in advertising revenues does not change...
Persistent link: https://www.econbiz.de/10003872230
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Newspaper differentiation and investments in journalism : the role of tax policy
Kind, Hans Jarle; Schjelderup, Guttorm; Stähler, Frank - 2011
Many countries levy reduced-rate indirect taxes on newspapers, with proclaimed policy goals of stimulating investment in journalism and ensuring low newspaper prices. However, by taking into account the fact that the media industry operates in two-sided markets, we find the paradoxical result...
Persistent link: https://www.econbiz.de/10009302131