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Information and Delay in an Agency Model

Drugov, Mikhail - Department of Economics, Oxford University - 2006

existence of private information of at least one party; the time is then a discriminating instrument. The paper starts by … general not monotonic in the quality of information. The value of information can be negative over some range as better … information may aggravate the principal`s commitment problem. …

Persistent link: https://www.econbiz.de/10005047880

Joining the EU: Capital Flows, Migration and Wages

Batista, Catia - Department of Economics, Oxford University - 2007

What is the impact of joining the European Union on a small, less developed economy? This is the general question driving this research paper. In particular, the role of factor movements in explaining real wage behavior in Portugal after its entry in the European Union (EU) is evaluated. Based...

Persistent link: https://www.econbiz.de/10005047988

Product market efficiency: The bright side of myopic, uninformed, and passive external finance

Noe, Thomas H.; Rebello, Michael J. - Department of Economics, Oxford University - 2008

We show that introducing an external capital market with information asymmetry into a product market model reduces …

Persistent link: https://www.econbiz.de/10011004366

Self-regulation and the Certification of the European Information Economy The Case of e-Healthcare Information Provision

Alexander, Marcus; Harding, Matthew C. - Department of Economics, Oxford University - 2003

The trend towards Internet self-regulation is driven both by governments that feel reluctant to invest in direct regulation (because of freedom of speech concerns or high costs of monitoring and enforcement) and by the industry that is under the threat of rising public concerns over content...

Persistent link: https://www.econbiz.de/10005047747

Sinking the Internet: Pricing, Sunk Costs, and Market Structure Online.

Latcovich, S.; Smith, H. - Department of Economics, Oxford University - 2000

vertical product differentiation, incomplete consumer awareness, and perfect information exchange between retailers … concentration ratios are much higher than for traditional retailers. Using price and demand information for individual books over a …

Persistent link: https://www.econbiz.de/10005047767

Multiproduct Quality Competition: Fighting Brands and Product Line Pruning

Myatt, David P.; Johnson, Justin P. - Department of Economics, Oxford University - 2002

Firms selling multiple quality-differentiated products frequently alter their product lines when a competitor enters the market. We present a model of multiproduct monopoly and duopoly using a general `upgrades` approach that yields a powerful analytical framework. We provide a simple...

Persistent link: https://www.econbiz.de/10005051164

Sinking the Internet: Pricing, Sunk Costs, and Market Structure Online

Smith, Howard; Latcovich, Simon - Department of Economics, Oxford University - 2000

Persistent link: https://www.econbiz.de/10010604885

Modelling Transactions with Ultimatum Games: An Experiment on Certification

Guerra, Gerardo A. - Department of Economics, Oxford University - 2002

Ultimatum games have been extensively used in experimental studies. By studying the consequences that restrictions shared by ultimatum games have in subject`s behaviour, this paper argues that some results are falsified by design constraints. This paper also presets a taxonomy of certification,...

Persistent link: https://www.econbiz.de/10010604902

The Quality of Information in Electronic Groups

Bacharach, Michael; Board, Oliver - Department of Economics, Oxford University - 2000

We examine some of the factors that might influence the quality of information produced in discussion groups on the … finding is that the flow of quality-weighted information within the group is maximized by a regime which front loads the cost … of good quality information, however, benefiting society at large, then the social value of the flow of quality …

Persistent link: https://www.econbiz.de/10010604981

Coordination and Lock-In: Competition with Switching Costs and Network Effects

Klemperer, Paul; Farrell, Joseph - Department of Economics, Oxford University - 2006

Switching costs and network effects bind customers to vendors if products are incompatible, locking customers or even markets in to early choices. Lock-in hinders customers from changing suppliers in response to (predictable or unpredictable) changes in efficiency, and gives vendors lucrative ex...

Persistent link: https://www.econbiz.de/10010605205