Showing 91 - 100 of 10,011
Persistent link: https://www.econbiz.de/10010356343
potential increase in expected output due to assortative matching (relative to random matching) is completely offset by the … version. Technically, the paper is based on the very elegant theory about stochastic ordering of (normalized) spacings and …. Proschan (1966, 1975) in the framework of reliability theory. …
Persistent link: https://www.econbiz.de/10010343956
In a monopoly setting where consumers cannot observe the quality of the product we show that free samples which are of a lower quality than the marketed digital goods are used together with high prices as signals for a superior quality if the number of informed consumers is small and if the...
Persistent link: https://www.econbiz.de/10010343967
Persistent link: https://www.econbiz.de/10010400273
Persistent link: https://www.econbiz.de/10008660442
A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function equilibrium is characterized; the equilibrium is privately...
Persistent link: https://www.econbiz.de/10003910453
Persistent link: https://www.econbiz.de/10003992804
This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...
Persistent link: https://www.econbiz.de/10009153832
Persistent link: https://www.econbiz.de/10001460855
Persistent link: https://www.econbiz.de/10001526074