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We characterize and compare equilibrium pricing strategies in a marketing channel in two scenarios. In the first scenario, the manufacturer chooses the wholesale prices of the two versions of a product, i.e., tangible and digital. and the retailer their prices to consumer. In the second...
Persistent link: https://www.econbiz.de/10010939490
We consider a differential game with a corrupt government and civil society as its players. We characterize open-loop and feedback Nash equilibria and find that, whereas it is in the best interest of the government not to commit to a repression policy, civil society is better off precommitting...
Persistent link: https://www.econbiz.de/10010678804
Why do some participants in online auctions place their bids right before the time of closing? Using e-Bay data, we propose count-data models to look at both the presence of the late-bidding phenomenon and its intensity. Our results reveal significant differences between extremely late-bidders...
Persistent link: https://www.econbiz.de/10010594091