Showing 1 - 10 of 1,845
In this study, we analyze the incentives of a streaming platform to bias consumption when products are vertically differentiated. The platform offers mixed bundles of content to monetize consumer interest in variety and pays royalties to sellers based on the effective consumption of the...
Persistent link: https://www.econbiz.de/10014578044
Persistent link: https://www.econbiz.de/10013454069
This paper studies the market microstructure of pre-industrial Europe. In particular we investigate the institution of the broker in markets and fairs, and develop a unique data set of approximately 1100 sets of brokerage rules in 42 merchant towns in Central and Western Europe from the late...
Persistent link: https://www.econbiz.de/10008796176
Repo markets offering central counterparty (CCP) clearing and anonymized trading were remarkably resilient during the recent crises. We use the full transaction level dataset on all repo trades on Eurex Repo, including identifiers for market participants, to provide a detailed description of the...
Persistent link: https://www.econbiz.de/10011483061
We study a game in which two firms compete in quality to serve a market consisting of consumers with different initial consideration sets. If both firms invest below a certain threshold, they only compete for those consumers already aware of their existence. Above this threshold, a firm is...
Persistent link: https://www.econbiz.de/10012500215
Policy makers are increasingly concerned about the combination of market power and massive data collection in digital markets. This concern is fueled by the theoretical prediction that more market power causes firms to collect ever more data from their users. We investigate the relationship...
Persistent link: https://www.econbiz.de/10012161249
We study price dispersion and venue choice in the interdealer market for German sovereign bonds, where an exchange and over-the-counter segments coexist. We show that 85% of OTC traded prices are favorable with respect to exchange quotes, indicating the prevalence of an OTC discount. This...
Persistent link: https://www.econbiz.de/10012125222
blockchain provides is commitment. I develop a model of an entrepreneur, who can create a network for her users. She can decide … to retain control of the network with centralized implementation through a regular company, or surrender control over the … network with a decentralized implementation through the blockchain. Users that join the network are subject to a locked …
Persistent link: https://www.econbiz.de/10013460355
We study the incentives of a streaming platform to bias consumption when products are vertically differentiated. The platform offers mixed bundles of content to monetize consumers' interest in variety and pays royalties to sellers based on the effective consumption of the content they produce....
Persistent link: https://www.econbiz.de/10014331542
Persistent link: https://www.econbiz.de/10012114126