Showing 1 - 10 of 254
filesharing displaces sales of media goods and then discuss whether such displacement will lead to reduced incentives to produce …
Persistent link: https://www.econbiz.de/10010969366
Economists argue that rich information environments and formal enforcement of contracts are necessary to prevent market failures when information asymmetries exist. We test for the necessity of formal enforcement to overcome the problems of asymmetric information by estimating the value of...
Persistent link: https://www.econbiz.de/10005079161
Incompatibility in market with network effects reduces consumers' ability to "mix and match" components offered by different sellers, but can also spur changes in product attributes that might benefit consumers. In this paper, we estimate the effects of incompatibility on consumers in a classic...
Persistent link: https://www.econbiz.de/10005084851
We examine the competition between a group of Internet retailers that operate in an environment where a price search engine plays a dominant role. We show that for some products in this environment, the easy price search makes demand tremendously price-sensitive. Retailers, though, engage in...
Persistent link: https://www.econbiz.de/10005085034
There has been considerable consolidation in the hospital industry in recent years. Over 900 deals occurred from 1994-2000, and many local markets, even in large urban areas, have been reduced to monopolies, duopolies, or triopolies. This surge in consolidation has led to concern about...
Persistent link: https://www.econbiz.de/10005014933
This paper studies the real estate brokerage industry in Greater Boston, an industry with low entry barriers and substantial turnover. Using a comprehensive dataset of agents and transactions from 1998-2007, we find that entry does not increase sales probabilities or reduce the time it takes for...
Persistent link: https://www.econbiz.de/10009226934
This paper analyses the rapid diffusion of the Internet across the United States over the past decade for both households and firms. We put the Internet's diffusion into the context of economic diffusion theory where we consider costs and benefits on the demand and supply side. We also discuss...
Persistent link: https://www.econbiz.de/10005040636
This paper utilizes a unique dataset collected through site visits to extend the analysis of the relationship between the human resource management environment and establishment performance to the service sector, specifically the branch operations of a large bank. Case studies of several...
Persistent link: https://www.econbiz.de/10005710524
We assess substitutable and complementary relationships among eight national advertising media classes, as well as the … squares, based on 1960-94 annual U.S. data.We find aggregate demand by national advertisers for each of the eight media is own … are rather weak. These patterns are consistent with long prevailing institutional arrangements and media selection …
Persistent link: https://www.econbiz.de/10005718093
Despite the interest in measuring price sensitivity of online consumers, most academic work on Internet commerce is hindered by a lack of data on quantity. In this paper we use publicly available data on the sales ranks of about 20,000 books to derive quantity proxies at the two leading online...
Persistent link: https://www.econbiz.de/10005718457