Showing 1 - 10 of 186
This paper builds a new model of financial exchange competition, tailored to the institutional details of the modern US stock market. In equilibrium, exchange trading fees are competitive but exchanges are able to earn economic profits from the sale of speed technology. We document stylized...
Persistent link: https://www.econbiz.de/10012849165
A growing number of empirical studies measure how extended copyright terms negatively affect the number of book titles in print. Many of these same studies also demonstrate significant differences in the pricing of bound volumes, ebooks, and audio books editions of public domain and copyrighted...
Persistent link: https://www.econbiz.de/10013291962
, we explore whether malls force the exit (or encourage entry) of bookshops; second, we test whether these larger retailers …
Persistent link: https://www.econbiz.de/10009210278
Books are an important factor of cultural transmission, but need, in most cases, to be translated. According to some authors, this may lead to a form of cultural domination of English. The population speaking English as a first language is, with the exception of Mandarin, the largest in the...
Persistent link: https://www.econbiz.de/10014219655
sides are coordinated by broadcasters (or “platforms”) that choose ad levels and program types, and advertising finances the … at the expense of viewers and advertisers. If advertising demand is weak, program equilibrium program selection may be …
Persistent link: https://www.econbiz.de/10014023811
and the jury’s first prize are awarded to the same person or group. Using data on 370 competition-editions held between … audience and jury varies across competition-types and countries. We then explore gender bias and host country bias as possible …
Persistent link: https://www.econbiz.de/10014243953
This paper analyses strategic market allocation by two auctioneers holding substitutes. It characterizes both the … cooperative and competitive outcomes. Under cooperation or competition with close substitutes, bidders are allocated according to … leave participation rents to their weakest bidder. They do not in other cases, whether they compete or cooperate. …
Persistent link: https://www.econbiz.de/10010293857
We use data on sequential water auctions to estimate demand when units are complements or substitutes. A sequential …
Persistent link: https://www.econbiz.de/10010332115
capacities can be larger or smaller with a duopoly than with a monopoly. If the two firms co-ordinate on a pareto dominant …
Persistent link: https://www.econbiz.de/10010278102
correlation between 2D:4D on either bidding or profits. However, there might be racial differences in the correlation between 2D:4 …
Persistent link: https://www.econbiz.de/10010282098