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The economics of television and online video markets
Crawford, Gregory S. - 2015
Television is the dominant entertainment medium for hundreds of millions. This chapter surveys the economic forces that determine the production and consumption of this content. It presents recent trends in television and online video markets, both in the US and internationally, and describes...
Persistent link: https://www.econbiz.de/10011420564
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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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A welfare analysis of "junk" information and spam filters
Falkinger, Josef - 2008
This paper analyses the equilibrium effects of individual information filters. Information is modelled as advertisements which are distributed across a population of consumers with heterogeneous preferences. An advertisement that provides knowledge about a product with little or no utility for a...
Persistent link: https://www.econbiz.de/10010315500
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Social Norms and Moral Hazard
Dufwenberg, Martin; Lundholm, Michael - 1997
The probability of income loss depends on talent and effort. Effort has positive externalities and therefore individuals are proportion to their perceived diligence. The social norm requires more effort from individuals perceived as more talented, but talent is private information and...
Persistent link: https://www.econbiz.de/10010321801
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Rationalizable implementation of correspondences
Kunimoto, Takashi; Serrano, Roberto - 2016
We come close to characterizing the class of social choice correspondences that are implementable in rationalizable strategies. We identify a new condition, which we call set-monotonicity, and show that it is necessary and almost sufficient for rationalizable implementation. Set-monotonicity is...
Persistent link: https://www.econbiz.de/10011669323
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Level-k mechanism design
De Clippel, Geoffroy; Saran, Rene; Serrano, Roberto - 2016
Models of choice where agents see others as less sophisticated than themselves have significantly different, sometimes more accurate, predictions in games than does Nash equilibrium. When it comes to mechanism design, however, they turn out to have surprisingly similar implications. This paper...
Persistent link: https://www.econbiz.de/10011669325
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Voluntary disclosure in unfair contests
Ewerhart, Christian; Grünseis, Julia - 2018
This paper studies incentives for the interim voluntary disclosure of verifiable information in probabilistic all-pay contests. Considered are unfair contests, i.e., contests in which, subject to activity conditions, one player (the favorite) is interim always more likely to win than the other...
Persistent link: https://www.econbiz.de/10011969190
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Small informational size and interim cores of large quasilinear economies
Kamishiro, Yusuke; Serrano, Roberto - 2018
We provide nonemptiness results of approximate interim cores with endogenous communication in large quasilinear economies, where every agent's informational size is small. We offer results for both replica and more general sequences of economies.
Persistent link: https://www.econbiz.de/10012058641
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Strategic feedback in teams: Theory and experimental evidence
Ertaç, Seda; Gümren, Mert; Koçkesen, Levent - 2017
FeedbackWe theoretically and experimentally analyze public and private feedback in teams that are characterized by different performance technologies. We consider a setting where the principal can provide truthful information on agents' performances or strategically withhold feedback. We find...
Persistent link: https://www.econbiz.de/10012060196
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A class of N-player Colonel Blotto games with multidimensional private information
Ewerhart, Christian; Kovenock, Daniel J. - 2019
We consider a class of incomplete-information Colonel Blotto games in which N Ï 2 agents are engaged in (N + 1) battlefields. An agent's vector of battlefield valuations is drawn from a generalized sphere in Lp-space. We identify a Bayes-Nash equilibrium in which any agent's resource allocation...
Persistent link: https://www.econbiz.de/10012140663