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Strategic Complements or Substitutes? The Case of Adopting Health Information Technology by U.S. Hospitals
Lin, Jianjing - 2019
This paper explores the adoption choice of electronic medical records by U.S hospitals, which could exhibit strategic complements or substitutes. I find complementarities in adoption through a reduced-form analysis with instruments for the unobserved market characteristics. I further develop a...
Persistent link: https://www.econbiz.de/10012900282
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Stars in Social Media : New Light Through Old Windows?
Gaenssle, Sophia - 2019
We review the economics of superstars, originally developed for stars in traditional media, and discuss whether they are applicable for the (allegedly) novel phenomenon of stars in social media (influencer, micro-celebrities). Moreover, we analyse potentially new factors for creating social...
Persistent link: https://www.econbiz.de/10012888755
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To Coordinate with or Differentiate from Your Neighbor : The Adoption of Electronic Medical Records by U.S. Hospital Systems
Lin, Jianjing - 2019
This paper seeks to understand the incentives of affiliated hospitals in choosing health information technology (IT) vendors. By adopting a system popular in the local market, hospitals may benefit from complementarities but also worry about losing patients. If benefits outweigh the competitive...
Persistent link: https://www.econbiz.de/10012899159
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Tacit Collusion and Voluntary Disclosure : Theory and Evidence from the U.S. Automotive Industry
Bertomeu, Jeremy - 2020
This study examines how industry peers share information when they are engaged in tacit collusion. We develop a model of firms' information sharing and production decisions and use it to establish that firms engaged in tacit collusion are more likely to share information when current market...
Persistent link: https://www.econbiz.de/10012856190
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Stars in social media: new light through old windows?
Gänßle, Sophia; Budzinski, Oliver - 2019
We review the economics of superstars, originally developed for stars in traditional media, and discuss whether they are applicable for the (allegedly) novel phenomenon of stars in social media (influencer, micro-celebrities). Moreover, we analyse potentially new factors for creating social...
Persistent link: https://www.econbiz.de/10011994966
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Some Observations in the U.S. Prescription Drug Market after Patent Expiration During the 80s
Ching, Andrew T. - 2014
This paper summarizes four stylized facts about the prescription drug markets after patent expiration during the 80s: (i) generic firms entered the market at different points of time after patent expiration and they seldom exited; (ii) the brand-name price remained much higher than generic prices,...
Persistent link: https://www.econbiz.de/10014046066
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Advertising and content differentiation : evidence from YouTube
Kerkhof, Anna - 2019
Does advertising revenue increase or diminish content differentiation in media markets? This paper shows that an … causal effect of advertising on the YouTubers' content choice. The analysis of around one million YouTube videos shows that … advertising leads to a twenty percentage point reduction in the YouTubers' probability to duplicate popular content, i.e., content …
Persistent link: https://www.econbiz.de/10012317621
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Advertising and content differentiation : evidence from YouTube
Kerkhof, Anna - 2020
This paper studies the effect of advertising on content differentiation on YouTube, the second-most visited website in … the world. I demonstrate that an exogenous increase in the feasible advertising quantity leads to a considerable decrease …; thus, viewers who perceive advertising as a nuisance – and therefore as an implicit price they have to pay – could easily …
Persistent link: https://www.econbiz.de/10012313777
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Backward compatibility to sustain market dominance : evidence from the US handheld video game industry
Claussen, Jörg; Kretschmer, Tobias; Spengler, Thomas - 2010
The introduction of a new product generation forces incumbents in network industries to rebuild their installed base to maintain an advantage over potential entrants. We study if backward compatibility can help moderate this process of rebuilding an installed base. Using a structural model of...
Persistent link: https://www.econbiz.de/10008779795
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Do more expensive wines taste better? : evidence from a large sample of blind tastings
Goldstein, Robin; Almenberg, Johan; Dreber, Anna; … - 2008 - Rev. April 24, 2008
Individuals who are unaware of the price do not derive more enjoyment from more expensive wine. In a sample of more than 6,000 blind tastings, we find that the correlation between price and overall rating is small and negative, suggesting that individuals on average enjoy more expensive wines...
Persistent link: https://www.econbiz.de/10003691574