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Electronic Commerce and Retail Channel Substitution
Janssen, Maarten C.W.; van der Noll, Rob - 2002
We analyze a market where firms compete in a conventional and an electronicretail channel. Consumers easily compare prices online, but some incur purchaseuncertainties on the online channel. We investigate the market shares of the two retailchannels and the prices that are charged. We find that...
Persistent link: https://www.econbiz.de/10010324893
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Net Neutrality and Internet Fragmentation: The Role of Online Advertising
D'Annunzio, Anna; Russo, Antonio - 2015
strategically set termination fees to induce fragmentation. This takes place when advertising revenues are potentially large but … identify an important link between termination fees, the online advertising market and Internet fragmentation. We extend the … model to account for multi-homing consumers, vertically integrated ISPs, third-party advertising platforms and heterogeneous …
Persistent link: https://www.econbiz.de/10011307134
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Horizontal Mergers Without Synergies May Increase Consumer Welfare
Stennek, Johan - 2001
Markets with imperfect competition do not induce a cost-minimizing allocation of production between firms. The market's ability to rationalize production is even more limited if costs are private information to firms. Merger in such markets generate an efficiency gain associated with the pooling...
Persistent link: https://www.econbiz.de/10010335172
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Network Neutrality on the Internet: A Two-sided Market Analysis
Economides, Nicholas; Tåg, Joacim - 2008
We discuss the benefits of net neutrality regulation in the context of a two-sided market model in which platforms sell Internet access services to consumers and may set fees to content and applications providers on the other side of the Internet. When access is monopolized, we find that...
Persistent link: https://www.econbiz.de/10010320106
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Open Versus Closed Platforms
Tåg, Joacim - 2008
This paper studies an industry in which firms can choose to provide open or closed platforms. Open platforms, as opposed to closed, are extendable so third-party producers can develop extensions for them. Building on a two-sided market model, I show that firms might prefer to commit to keeping...
Persistent link: https://www.econbiz.de/10010320284
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Network markets and consumer coordination
Ambrus, Attila; Argenziano, Rossella - 2004
This paper assumes that groups of consumers in network markets can coordinate their choices when it is in their best interest to do so, and when coordination does not require communication. It is shown that multiple asymmetric networks can coexist in equilibrium if consumers have heterogeneous...
Persistent link: https://www.econbiz.de/10010261070
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How Do Emerging Countries Influence the Advertising World of Tomorrow? An Analysis of Last Year's Cannes International Festival of Creativity
Runge, Henrike; Botzenhardt, Florian; Ferdinand, … - In: Markenbrand (2012) 1/2012, pp. 34-41
emerging and developing countries. This fact is surprising considering the background of relatively low local advertising …Das internationale Werbefestival in Cannes ist einer der wichtigsten internationalen Gradmesser für kreative Werbung …
Persistent link: https://www.econbiz.de/10010420968
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Oligopolistic Competition in Price and Quality
Dubovik, Andrei; Janssen, Maarten C.W. - 2008
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...
Persistent link: https://www.econbiz.de/10010325731
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Attention competition
Hefti, Andreas M. - 2011
I present a game-theoretic model where economic competition and attention competition are interdependent. On the one hand the effort to attract consumer attention depends on the value of attention to the firm which depends on the grade of price competition among all perceived firms. On the other...
Persistent link: https://www.econbiz.de/10010316856
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Cournot or Walras? Agent based learning, rationality, and long run results in oligopoly games
Riechmann, Thomas - 2002
Recent literature shows that learning in oligopoly games might in the long run result in the Cournot or in the Walras equilibrium. Which outcome is achieved seems to depend on the underlying learning dynamics. This paper analyzes the forces behind the learning mechanisms determining the long run...
Persistent link: https://www.econbiz.de/10010317627