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Deceptive advertising with rational buyers

Piccolo, Salvatore; Tedeschi, Piero; Ursino, Giovanni - 2015

buyer into a bad purchase through (costly) deceptive advertising. We characterize the equilibrium set of the game and argue …

Persistent link: https://www.econbiz.de/10011774615

Injunctions against false advertising

Baumann, Florian; Rasch, Alexander - 2019

false advertising by a firm in duopolistic competition where consumers can be distinguished according to whether or not they … form rational beliefs about the trustworthiness of advertising claims. We compare private and public law enforcement in the … form of the demand for injunctions against false advertising. From a welfare perspective, we show that it can be optimal …

Persistent link: https://www.econbiz.de/10012012317

Price competition with information disparities in a vertically differentiated duopoly

Cavaliere, Alberto - 2004

Persistent link: https://www.econbiz.de/10002071429

Service Bundling and Quality Competition on Converging Communications Markets

Kraemer, Jan - 2015

During the last two decades, bundling has become a hot topic for Industrial Organization economists, mainly as a result of legal actions against Microsoft (Crampes and Hollander 2007). In this spirit, the literature has thus far focused on asymmetric settings where one firm holds a monopoly for...

Persistent link: https://www.econbiz.de/10014047236

Oligopolistic Competition in Price and Quality

Dubovik, Andrei; Janssen, Maarten C. W. - 2011

We consider an oligopolistic market where firms compete in price and quality and where consumers have heterogeneous information: some consumers know both the prices, and quality of the products offered, some know only the prices, and some know neither. We show that if there are sufficiently many...

Persistent link: https://www.econbiz.de/10014216585

The Distribution of Article Quality and Inefficiencies in the Market for Scientific Journals

Kohlgruber, Philipp - 2017

We build an oligopoly model of the market of scientific journals that allows us to relate the (in-)efficiency of this market to the exogenous distribution of article quality. Journal quality is endogenously determined by the submission choices of scientists. The efficiency of any stable...

Persistent link: https://www.econbiz.de/10012946410

Exogenous Expenses in Industries with Vertical Product Differentiation and Quality Constraints

Burlakov, Georgi - 2015

In this paper we study how an exogenous expense of owning a market good affects the equilibrium outcome in a market with vertical product differentiation i.e. consumers differ by income but have identical preferences for the good's quality. We identify three possible subgame-perfect equilibrium...

Persistent link: https://www.econbiz.de/10013028226

Why Mixed Qualities May Not Survive at Equilibrium : The Case of Vertical Product Differentiation

Burlakov, Georgi - 2016

In the classical literature on vertical differentiation, goods are assumed to be single products each offered by a different firm and consumed separately one from another. This paper departs from the standard setup and explores the price competition in a vertically differentiated market where a...

Persistent link: https://www.econbiz.de/10012983463

Competition between Vertically Differentiated Platforms

Zennyo, Yusuke - 2019

This paper investigates the competition between vertically differentiated platforms in two-sided markets. We assume the presence of two competing platforms producing either higher- or lower-quality devices for consumers. Each platform decides the price of its hardware device for consumers and...

Persistent link: https://www.econbiz.de/10012904109

Competition and Product Quality : Fake Trading on Crypto Exchanges

Amiram, Dan; Lyandres, Evgeny; Rabetti, Daniel - 2021

How competition affects product quality and how product quality choices impact firms' operating performance are open empirical questions. We use a setting that is especially suitable to answering these questions: cryptographic exchanges, on which product quality is inversely related to fake...

Persistent link: https://www.econbiz.de/10013240249