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Pricing a Digital Services Marketplace under Asymmetric Information
Izhutov, Pavel - 2019
This paper addresses the pricing problem of an online service marketplace under asymmetric information. An example is an online learning platform such as Coursera that provides courses from suppliers (in this case, universities) to learners. We focus on the matching function of the marketplace...
Persistent link: https://www.econbiz.de/10012900165
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Learning from data and network effects : the example of internet search
Schäfer, Maximilian; Sapi, Geza - 2020
The rise of dominant firms in data driven industries is often credited to their alleged data advantage. Empirical evidence lending support to this conjecture is surprisingly scarce. In this paper we document that data as an input into machine learning tasks display features that support the...
Persistent link: https://www.econbiz.de/10012270849
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Competition in pricing algorithms
Brown, Zach Y.; MacKay, Alexander - 2019
Increasingly, retailers have access to better pricing technology, especially in online markets. Firms employ automated pricing algorithms that allow for high-frequency price changes. What are the implications for price competition? We develop a model of price competition where firms can differ...
Persistent link: https://www.econbiz.de/10012175360
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B2b and the Transaction Costs Paradigm
Sabbatini, Pierluigi - 2002
Business to Business (B2B) causes a significant contraction of transaction costs. According to the Coase paradigm we would thus expect a deverticalization of the industry and broader scope for anonymous market mechanisms. In reality, such expectations are not fully borne out by the facts. When...
Persistent link: https://www.econbiz.de/10014128566
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Optimal Cartel Prices in Two-Sided Markets
Boffa, Federico; Filistrucchi, Lapo - 2014
We study optimal cartel prices in a two-sided market. We present a simple model showing that prices above the two-sided monopoly price may prevail on one side of a two-sided market as a means to enhance the sustainability of the cartel. We prove that in such a case a higher benefit from the...
Persistent link: https://www.econbiz.de/10014141796
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Learning from Data and Network Effects : The Example of Internet Search
Schaefer, Maximilian; Sapi, Geza - 2020
The rise of dominant firms in data driven industries is often credited to their alleged data advantage. Empirical evidence lending support to this conjecture is surprisingly scarce. In this paper we document that data as an input into machine learning tasks display features that support the...
Persistent link: https://www.econbiz.de/10014031647
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Price Competition between Pure Play vs. Bricks-and-Clicks E-Tailers : Analytical Model and Empirical Analysis
Pan, Xing; Shankar, Venkatesh; Ratchford, Brian T. - 2014
In this paper, we first develop a game theoretic model of price competition between a pure play e-tailer and a bricks-and-clicks e-tailer. We show that in general, the pure play e-tailer has a lower equilibrium price. We then develop a simultaneous equation model of e-tailer price and traffic...
Persistent link: https://www.econbiz.de/10014033206
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Streaming, Competition and Contract Terms In Screen Production in Australia
Barker, George Robert - 2023
additional regulation. Specifically LE recommends adoption of a UK-style terms of trade regulatory regime for the screen … address the impact of its proposed UK-style regulation on consumer welfare in Australia, claiming its discussion is only … proposed UK style law, compared to the current competitive market outcome and regulatory regime. I identify substantial …
Persistent link: https://www.econbiz.de/10014263635
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Mobile network interconnection and investments
Veith, Tobias - 2009
Abstract In markets with competing interconnected networks like mobile telecommunication markets investments affect the investor’s and also any competitors’ profits. In a theoretical model it is shown that cost-reducing investments reduce the investor’s termination rates and increase...
Persistent link: https://www.econbiz.de/10010299497
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Mobile network interconnection and investments
Veith, Tobias - 2009
Abstract In markets with competing interconnected networks like mobile telecommunication markets investments affect the investor’s and also any competitors’ profits. In a theoretical model it is shown that cost-reducing investments reduce the investor’s termination rates and increase...
Persistent link: https://www.econbiz.de/10003902948