Showing 1 - 7 of 7
This paper analyzes a mechanism through which a supplier of unknown quality can overcome its asymmetric information problem by selling via a reputable downstream rm. The supplier s adverse-selection problem can be solved if the downstream rm has established a reputation for delivering high...
Persistent link: https://www.econbiz.de/10011492196
We analyze a model of monopolistic price discrimination where only some consumers are originally sufficiently informed about their preferences, e.g., about their future demand for a utility such as electricity or telecommunication. When more consumers become informed, we show that this benefits...
Persistent link: https://www.econbiz.de/10011489927
We study optimal experimentation by a monopolistic platform in a two-sided mar- ket. The platform provider faces uncertainty about the strength of the externality each side is exerting on the other. It maximizes the expected present value of its profit stream in a continuous-time...
Persistent link: https://www.econbiz.de/10011490256
We address the effect of contextual consumer loss aversion on firm strategy in imperfect competition. Consumers are …
Persistent link: https://www.econbiz.de/10011489928
key findings from the literature on network effects and two-sided platforms. It lays out the basic models of monopoly … platforms and platform competition, and elaborates on some routes taken by recent research. …
Persistent link: https://www.econbiz.de/10011570171
sellers shape the market structure in platform industries. If product market competition is tough, sellers avoid competitors … markets, several homogeneous platforms segment the market. Instead, if product market competition is soft, agglomeration on a … competition. …
Persistent link: https://www.econbiz.de/10011798855
The "net neutrality" principle has triggered a heated debate and advocates have proposed policy interventions. In this paper, we provide perspective by framing issues in terms of the positive economic factors at work. We stress the incentives of market participants, and highlight the economic...
Persistent link: https://www.econbiz.de/10011491740