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surviving the contest for attention. Application of the equilibrium analysis to changes in information technologies and …
Persistent link: https://www.econbiz.de/10011511091
surviving the contest for attention. Application of the equilibrium analysis to changes in information technologies and …
Persistent link: https://www.econbiz.de/10013319650
Economic experiments have shown that when given the choice between piece-rate and winner-take-all tournament style compensation, women are more reluctant than men to choose tournaments. These gender difference experiments have all relied on a similar framework where subjects were not informed of...
Persistent link: https://www.econbiz.de/10008592978
information and competence of households, in combination with stiffer competition among firms, will also increase the power of …
Persistent link: https://www.econbiz.de/10010335084
alternative unshrouding mechanism where the impact of advertising add-on information depends on the number of unshrouding firms …
Persistent link: https://www.econbiz.de/10010223577
This paper sheds light on a recent empirical controversy about the effect of competition on price discrimination in airline markets (Borenstein and Rose (1994), Gerardi and Shapiro, (2009)). We introduce individual demand uncertainty into Hotelling’s model of horizontal product differentiation...
Persistent link: https://www.econbiz.de/10010226097
How does demand uncertainty affect entry into skill-based competition? I investigate this question in a market entry experiment with skill-based payoffs by systematically varying two key elements of the market environment: demand risk and expected market size. Results show that people's...
Persistent link: https://www.econbiz.de/10010338933
The psychology literature provides ample evidence that people have difficulties taking the perspective of less-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative overconfidence and overentry into competition. In a broader...
Persistent link: https://www.econbiz.de/10010403249
this reexamination and introduce cost correlation as a way to mitigate the asymmetry of information between firms facing … precision, firms will choose as precise information as possible within the cost-benefit trade-off. Because of the correlation … between the firms' marginal costs, the increased precision of the cost signals not only provides better information about a …
Persistent link: https://www.econbiz.de/10013121499
We analyze the effect of ambiguous loss probabilities on competitive insurance markets with asymmetric information. We …
Persistent link: https://www.econbiz.de/10012890730