for such sharing and its ensuing welfare effects. We show that these incentives depend on the type of customer data and on … detrimental to consumer surplus, while the effect on social welfare can be positive. -- Customer Data Sharing ; Price …

We examine welfare effects of real-time pricing in electricity markets. Before stochastic energy demand is known … increase welfare since risk-averse consumers dislike uncertain and high prices arising through market power. In the Bertrand … case, welfare is the same with all or no consumers on smart meters. -- Electricity ; Real-time Pricing ; Market Power …

well as whether social welfare is enhanced or diminished, largely depends on the specific economic setting under …

. Our main result is that network effects create a fundamental conflict between the maximization of social welfare and … welfare is highest in the asymmetric equilibrium. We also show that both consumer surplus and social welfare are higher in any …

paper, I theoretically and empirically study the effect of store brands on equilibrium outcomes and welfare. I demonstrate …

This study explores the welfare impact of personalized pricing for consumers in a duopolistic two-sided market, with …

We explore the consequence of quality unpredictability for the welfare benefit of new products, using recent … well as many others, then creating new products can have substantial welfare benefits. Technological change in the recorded … music industry tripled the number of new products between 2000 and 2008. We quantify the effects of new music on welfare …