Advances in online technologies and bandwidth availability have opened new vistas for online distribution of digital goods. But potential benefits for consumers are juxtaposed against challenges for retailers of such goods. Here we investigate one type of digital experience good - music - whose...

Der Antiquitäten- und Kunstmarkt erlebte seit 1997 einen stetigen Auftrieb. Die großen Kunstmessen und Auktionen erzielten Mitte 2001 teilweise unerwartet hohe Umsätze. Ging man vor dem 11. September 2001 noch von einer stabilen Marktentwicklung mit jährlichen Umsatzsteigerungen von ca. 4%...

In this paper, we empirically study the effect of entry on product repositioning, differentiation, and variety. Using a rich panel data set on theaters' weekly screening schedules, we provide evidence that the degree of differentiation between theaters in a local market rises after entry of new...

Der Antiquitäten- und Kunstmarkt erlebte seit 1997 einen stetigen Auftrieb. Die großen Kunstmessen und Auktionen erzielten Mitte 2001 teilweise unerwartet hohe Umsätze. Ging man vor dem 11. September 2001 noch von einer stabilen Marktentwicklung mit jährlichen Umsatzsteigerungen von ca. 4%...

The Internet has changed the nature of doing business as well as the nature of competition in many industries. The number of online transactions has seen a steady increase as more consumers turn to online retailing (e-tailing) for a wide range of product choices and shopping convenience. Yet,...

In this paper, we examine the impact of horizontal and vertical market structure on product variety. We consider a market for horizontally differentiated products in which the cost of launching a new product is fixed and spread between the manufacturing and the retail industries. While this...

This paper examines the competitive effects of resale price maintenance (RPM) through inventory decisions under demand uncertainty. We focus on the Japanese publishing industry where RPM is allowed. We develop and estimate a model of RPM in which price and inventory are determined before demand...