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Competititon and Efficiency in Congested Markets

Acemoglu, Daron - 2007

We study the efficiency of oligopoly equilibria in congested markets. The motivating examples are the allocation of network flows in a communication network or of traffic in a transportation network. We show that increasing competition among oligopolists can reduce efficiency, measured as the...

Persistent link: https://www.econbiz.de/10012731802

Price and Capacity Competition

Acemoglu, Daron - 2006

We study the efficiency of oligopoly equilibria in a model where firms compete over capacities and prices. The motivating example is a communication network where service providers invest in capacities and then compete in prices. Our model economy corresponds to a two-stage game. First, firms...

Persistent link: https://www.econbiz.de/10012732430

Too much data : prices and inefficiencies in data markets

Acemoglu, Daron; Makhdoumi, Ali; Ozdaglar, Asuman E.; … - 2019

Persistent link: https://www.econbiz.de/10012211386

Social mobility and stability of democracy : reevaluating De Tocqueville

Acemoglu, Daron; Egorov, Georgij V.; Sonin, Konstantin - In: The quarterly journal of economics 133 (2018) 2, pp. 1041-1105

Persistent link: https://www.econbiz.de/10012170229

Too much data : prices and inefficiencies in data markets

Acemoglu, Daron; Makhdoumi, Ali; Malekian, Azarakhsh; … - 2019

Persistent link: https://www.econbiz.de/10012121263

Sustaining cooperation : community enforcement versus specialized enforcement

Acemoglu, Daron; Wolitzky, Alexander - In: Journal of the European Economic Association : JEEA 18 (2020) 2, pp. 1078-1122

Persistent link: https://www.econbiz.de/10012234425

Systemic credit freezes in financial lending networks

Acemoglu, Daron; Ozdaglar, Asuman E.; Siderius, James; … - 2020

Persistent link: https://www.econbiz.de/10012234456

Low-Skill and High-Skill Automation

Acemoglu, Daron - 2017

We present a task-based model in which high- and low-skill workers compete against machines in the production of tasks. Low-skill (high-skill) automation corresponds to tasks performed by low-skill (high-skill) labor being taken over by capital. Automation displaces the type of labor it directly...

Persistent link: https://www.econbiz.de/10012453594

Fast and Slow Learning From Reviews

Acemoglu, Daron - 2017

information about reviews left by previous customers. A sequence of potential customers decide whether to join the platform. After … types of users who purchase the good and thus their overall satisfaction and reviews depend on the information that they … under several different types of rating systems. We show that providing more information does not always lead to faster …

Persistent link: https://www.econbiz.de/10012453667

The political agenda effect and state centralization

Acemoglu, Daron; Robinson, James Alan; Torvik, Ragnar - In: Journal of comparative economics : the journal of the … 48 (2020) 4, pp. 749-778

Persistent link: https://www.econbiz.de/10012431623