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Market Structure and Market Performance in E-Commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - 2012
We investigate the causal effect of market structure on market performance in the consumer electronics. We combine data from Austria's largest online site for price comparisons with retail data on wholesale prices provided by a major hardware producer for consumer electronics. We observe input...
Persistent link: https://www.econbiz.de/10010294886
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Entry, exit, and the determinants of market structure
Dunne, Timothy; Klimek, Shawn D.; Roberts, Mark J.; Xu, … - 2013
This paper estimates a dynamic, structural model of entry and exit in an oligopolistic industry and uses it to quantify the determinants of market structure and long-run firm values for two U.S. service industries, dentists and chiropractors. Entry costs faced by potential entrants, fixed costs...
Persistent link: https://www.econbiz.de/10010397677
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Increasing Dominance - The Role of Advertising, Pricing and Product Design
Kretschmer, Tobias; Stamm, Mariana (Roesner) - 2010
Despite the empirical relevance of advertising strategies in concentrated markets, the economics literature is largely … silent on the effect of persuasive advertising strategies on pricing and market structure and increasing (or decreasing …) dominance. We propose a simple model of persuasive advertising and pricing with differentiated goods and analyze the …
Persistent link: https://www.econbiz.de/10014198480
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Learning-by-doing and productivity growth among high-skilled workers: Evidence from the treatment of heart attacks
James, Stefan; Lagerqvist, Bo; Lundborg, Petter; … - 2022
Learning-by-doing is a fundamental concept in economics but a challenging one to document in high-skilled settings due to non-random assignment of workers to tasks and lacking performance measures. Our paper overcomes these challenges in the context of heart attack treatments in Sweden, where we...
Persistent link: https://www.econbiz.de/10013394339
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Learning-by-doing in a highly skilled profession when stakes are high: Evidence from advanced cancer surgery
Avdic, Daniel; Lundborg, Petter; Vikström, Johan - 2014
Although learning-by-doing is believed to be an important source of productivity growth, there is limited evidence that production volume affects productivity in a causal sense. We document evidence of learning-by-doing in a highly skilled profession where stakes are high; advanced cancer...
Persistent link: https://www.econbiz.de/10010464448
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Market structure and market performance in e-commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - 2014
We analyze the interaction between market structure and market performance and how it varies over the product cycle. To account for the potential endogeneity in this relation, we use an instrumental variable approach. We combine data from the largest Austrian online market for price comparisons...
Persistent link: https://www.econbiz.de/10010368278
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Pay-What-You-Want in Competition
Samahita, Margaret - 2015
Pay-What-You-Want (PWYW) pricing schemes are popular in certain industries and not others. We model the seller's choice of pricing scheme under various market structures assuming consumers share their surplus. We show that the profitability and popularity of PWYW depend not only on consumers'...
Persistent link: https://www.econbiz.de/10013208736
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Online ad auctions: An experiment
McLaughlin, Kevin; Friedman, Daniel - 2016
A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats for online ad space, Vickrey-Clarke-Groves (VCG) and Generalized Second Price (GSP). Theoretical predictions made in papers by Varian (2007) and Edelman, et al. (2007) seem to...
Persistent link: https://www.econbiz.de/10011564644
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The road not taken: Competition and the R&D portfolio
Letina, Igor - 2015
This article examines the effects of market structure on the variety of research projects undertaken and the amount of duplication of research. A characterization of the equilibrium market portfolio of R&D projects and the socially optimal portfolio is provided. It is shown that a merger...
Persistent link: https://www.econbiz.de/10011663162
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The road not taken: Competition and the R&D portfolio
Letina, Igor - 2014
Contrary to most of the literature, which focuses only on the level of investment in innovation, this paper examines both the variety of research projects undertaken and the amount of duplication of research. A characterization of the equilibrium market portfolio of R&D projects and the socially...
Persistent link: https://www.econbiz.de/10011282467