Showing 1 - 10 of 61
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/10013067164
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/10014065445
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
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 … 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
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
We analyze games of incomplete information and offer equilibrium predictions which are valid for, and in this sense robust to, all possible private information structures that the agents may have. We completely characterize the set of Bayes correlated equilibria in a class of games with...
Persistent link: https://www.econbiz.de/10013099192