Showing 1 - 10 of 60
We present a model of entry and exit with Bayesian learning and price competition. A new product of initially unknown …
Persistent link: https://www.econbiz.de/10005593440
This paper analyzes the entry of new products into vertically differentiated markets where an entrant and an incumbent … average payoff criterion. The qualitative features of the optimal entry strategy are shown to depend exclusively on the …
Persistent link: https://www.econbiz.de/10005762809
We consider the optimal design of flexible use in a digital-rights-management policy for a digital good subject to piracy. Consumers can acquire the digital good either as a licensed product or as an unlicensed copy. The ease of access to unlicensed copies is increasing in the flexibility...
Persistent link: https://www.econbiz.de/10009367389
We consider the optimal design of flexible use in a digital-rights-management policy. The basic model considers a single distributor of digital goods and a continuum of consumers. Each consumer can acquire the digital good either as a licensed product or an unlicensed copy. The availability of...
Persistent link: https://www.econbiz.de/10005093923
We consider the optimal design of flexible use in a digital-rights-management policy for a digital good subject to piracy. Consumers can acquire the digital good either as a licensed product or as an unlicensed copy. The ease of access to unlicensed copies is increasing in the flexibility...
Persistent link: https://www.econbiz.de/10013067164
We consider the optimal design of flexible use in a digital-rights-management policy. The basic model considers a single distributor of digital goods and a continuum of consumers. Each consumer can acquire the digital good either as a licensed product or an unlicensed copy. The availability of...
Persistent link: https://www.econbiz.de/10014065445
This paper analyzes the optimal entry into experience goods markets with vertically differentiated buyers. We consider … more aggressively. The slow entry strategy is associated with increasing supply and decreasing prices over time. The … reverse patterns holds for an aggressive entry strategy. The incentives to innovate display a similar dinstinction. A firm …
Persistent link: https://www.econbiz.de/10012236072
This paper analyzes the optimal entry into experience goods markets with vertically differentiated buyers. We consider … more aggressively. The slow entry strategy is associated with increasing supply and decreasing prices over time. The … reverse patterns holds for an aggressive entry strategy. The incentives to innovate display a similar dinstinction. A firm …
Persistent link: https://www.econbiz.de/10005766861
This paper analyzes the optimal entry into experience goods markets with vertically differentiated buyers. We consider … aggressively. The slow entry strategy is associated with increasing supply and decreasing prices over time. The reverse pattern … holds for an aggressive entry strategy The incentives to innovate display a similar distinction. A firm with a currently …
Persistent link: https://www.econbiz.de/10005762849
The diffusion of a new product of uncertain value is analyzed in a duopolistic market in continuous time. The two sides of the market, buyers and sellers, learn the true value of the new product over time as a result of experimentation. Buyers have heterogeneous preferences over the products and...
Persistent link: https://www.econbiz.de/10005463873