Showing 1 - 10 of 97
's incentives to extract information rent. By reducing the costs of information acquisition or forcing firms to supply consumers … with the respective information about past usage, policy can further improve welfare, as contracts become more efficient …
Persistent link: https://www.econbiz.de/10011441809
's incentives to extract information rent. By reducing the costs of information acquisition or forcing firms to supply consumers … with the respective information about past usage, policy can further improve welfare, as contracts become more efficient …
Persistent link: https://www.econbiz.de/10011489927
’s incentives to extract information rent. By reducing the costs of information acquisition or forcing firms to supply consumers … with the respective information about past usage, policy can further improve welfare, as contracts become more efficient …
Persistent link: https://www.econbiz.de/10010833235
's incentives to extract information rent. By reducing the costs of information acquisition or forcing firms to supply consumers … with the respective information about past usage, policy can further improve welfare, as contracts become more efficient …
Persistent link: https://www.econbiz.de/10010688294
We study optimal experimentation by a monopolistic platform in a two-sided market framework. The platform provider faces uncertainty about the strength of the externality each side is exerting on the other. It maximizes the expected present value of its profit stream in a continuous-time...
Persistent link: https://www.econbiz.de/10009381848
We study optimal experimentation by a monopolistic platform in a two-sided market. The platform provider is uncertain about the strength of the externality each side is exerting on the other. Setting participation fees on both sides, it gradually learns about these externalities by observing...
Persistent link: https://www.econbiz.de/10010518802
We study optimal experimentation by a monopolistic platform in a two-sided mar- ket. The platform provider faces uncertainty about the strength of the externality each side is exerting on the other. It maximizes the expected present value of its profit stream in a continuous-time...
Persistent link: https://www.econbiz.de/10011490256
We study optimal experimentation by a monopolistic platform in a two-sided market. The platform provider is uncertain about the strength of the externality each side is exerting on the other. Setting participation fees on both sides, it gradually learns about these externalities by observing...
Persistent link: https://www.econbiz.de/10013022496
We study optimal experimentation by a monopolistic platform in a two-sided market. The platform provider is uncertain about the strength of the externality each side is exerting on the other. Setting participation fees on both sides, it gradually learns about these externalities by observing...
Persistent link: https://www.econbiz.de/10013037492
Is the reputation of a firm tradable when the change in ownership is observable? We consider a competitive market in which a share of owners must retire in each period. New owners bid for the firms that are for sale. Customers learn the owner's type, which reflects the quality of the good or...
Persistent link: https://www.econbiz.de/10010334019