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more important when there is an increase in network effects. A consequence is higher innovation incentives under an … reducing bidding competition, thereby also reducing acquisition prices and innovation incentives. …
Persistent link: https://www.econbiz.de/10010320239
more important when there is an increase in network effects. A consequence is higher innovation incentives under an … reducing bidding competition, thereby also reducing acquisition prices and innovation incentives. -- Acquisitions … ; commercialization ; compatibility ; entry ; network effects ; innovation ; R&D ; regulation. …
Persistent link: https://www.econbiz.de/10008936956
innovation) or through acquisition …
Persistent link: https://www.econbiz.de/10012827069
We consider a setting in which two potential merger partners each possess private information pertaining both to the profitability of the merged entity and to stand-alone profits, and we investigate the extent to which this private information makes ex-post regret an unavoidable phenomenon in...
Persistent link: https://www.econbiz.de/10010315578
The impact of product variety on welfare has received little attention in the electronic commerce literature. The problem with product variety is that more variety does not necessarily imply higher welfare. This paper finds the conditions under which more variety, if caused by lower fixed costs,...
Persistent link: https://www.econbiz.de/10012765548
I analyze a firm making a decision of whether to expose itself to risk in an exogenous parameter when the firm can change a choice variable after observing the realization of the exogenous parameter. For example, whether to choose an advertising campaign with a less certain outcome, when the...
Persistent link: https://www.econbiz.de/10013037827
and respond to the information environment. Using a differences-in-differences research design centered on the mergers of …
Persistent link: https://www.econbiz.de/10012866578
The new economics of multi-sided platforms involves a number of concepts that are familiar to economists as well as some new ones. This glossary, which is drawn from our book Matchmakers: The New Economics of Multi-sided Platforms, is an attempt to put together the main concepts and to provide...
Persistent link: https://www.econbiz.de/10014034949
We use micro level retail price data from convenience stores to study the link between 0-ending price points and price rigidity during a period of a runaway inflation, when the annual inflation rate was in the range of 60%–430%. Surprisingly, we find that more round prices are less likely to...
Persistent link: https://www.econbiz.de/10013230109
with existing autocorrelation models. We design a new method, the Network Auto-Probit Model with Fixed Effects (NAFE), to …
Persistent link: https://www.econbiz.de/10014036461