Showing 1 - 10 of 441
The extent of pharmaceutical advertising and promotion can be characterized by a balancing act between profitable … of competition (e.g. monopoly versus oligopoly). In this paper we model the firm's behavior under different competitive … scenarios and test the model's predictions using a novel combination of sales, promotion, advertising, and adverse event reports …
Persistent link: https://www.econbiz.de/10013123314
In this paper, we explore the hypothesis that an important force behind the collapse in advertising revenue experienced … introduce a model of the market for advertising on news media outlets whereby news outlets are modeled as competing two … equilibrium outcomes in the advertising market. One consequence is that multi-homing on the part of advertisers is heterogeneous …
Persistent link: https://www.econbiz.de/10013062922
corresponding new measures of industry competition where firms can have their own distinct set of competitors. Our new sets of … industry competitors better explain specific discussion of high competition by management, rivals identified by managers as … evidence that firm R&D and advertising are associated with subsequent differentiation from competitors, consistent with …
Persistent link: https://www.econbiz.de/10013143460
impact of competition on information revelation is ambiguous in general. We identify a condition on the information …
Persistent link: https://www.econbiz.de/10013120282
We construct a fully specified extensive form game that captures competitive markets with adverse selection. In particular, it allows firms to offer any finite set of contracts, so that cross-subsidization is not ruled out. Moreover, firms can withdraw from the market after initial contract...
Persistent link: https://www.econbiz.de/10013099130
I develop a model of bilateral conversations in which players may honestly exchange ideas with their competitors. The key to incentive compatibility is a strong form of complementarity in the information structure: a player can only generate a useful new insight on a given topic if he has access...
Persistent link: https://www.econbiz.de/10012759865
Owners of intellectual property or mere sponsors of an idea (e.g., authors, security issuers, sponsors of standards) often need to persuade potential buyers or adopters of the worth of their property or idea. To this purpose, they often resort to more or less independent certifiers. This paper...
Persistent link: https://www.econbiz.de/10012762590
We design a laboratory experiment to investigate bilateral link formation in a setting where payoffs are pair-specific. Our link formation rule is decentralized and players can make link offers and counter-offers, as in a Beckerian marriage market. The game is designed in such a way that a...
Persistent link: https://www.econbiz.de/10013011107
Open borders imply systems competition. This paper studies the implications of systems competition for the national … competition rules. It is shown that an equilibrium where all countries retain their antitrust laws does not exist, since …
Persistent link: https://www.econbiz.de/10013227744
emphasize that a key dimension to this competition is the innovations that lead to product differentiation and quality … improvement. In a duopoly model with a single adoption choice, we derive endogeneously the level and diversity of product …
Persistent link: https://www.econbiz.de/10013140095