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incumbent sellers sell at higher prices than entrants. This study develops a theory of dynamic pricing that explains these facts …
Persistent link: https://www.econbiz.de/10012850789
incumbent sellers sell at higher prices than entrants. This study develops a theory of dynamic pricing that explains these facts …
Persistent link: https://www.econbiz.de/10012292094
Consumers heterogeneously possess limited price information: captive consumers may know only one price from a seller, while informed consumers know several prices. We study a homogeneous-good oligopoly where sellers of heterogeneous costs compete on price for heterogeneously limit-informed...
Persistent link: https://www.econbiz.de/10014255371
can lead firms to experiment efficiently …
Persistent link: https://www.econbiz.de/10012901091
decision problem with uncertainty of two states. They can purchase experiments to augment their private information. A buyer …'s willingness to pay for an experiment depends on his private information. To generate these experiments, sellers have to make an … investment, which determines the most informative experiment a seller can provide. Sellers then post menus of experiments and …
Persistent link: https://www.econbiz.de/10012845900
I analyse firms organisational choices when they face uncertainty about institutional conditions in foreign locations …
Persistent link: https://www.econbiz.de/10013332242
uncertainty. We designed a multi-period experiment in which each period consisted of two stages, an R&D phase and a pricing stage …. Participants in the experiment had almost no information about the underlying functions, parameters, and probabilities. Subjects …' behavior in the fundamentally uncertain environment of our experiment may best be characterized as some kind of procedural …
Persistent link: https://www.econbiz.de/10010481420
Persistent link: https://www.econbiz.de/10009304941
This paper considers incentives for information acquisition ahead of conflicts. First, we characterize the (unique) equilibrium of the all-pay auction between two players with one-sided asymmetric information where one player has private information about his valuation. Then, we use ou rresults...
Persistent link: https://www.econbiz.de/10003950481
We demonstrate how endogenous information acquisition in venture capital markets creates investment cycles when competing financiers undertake their screening decisions in an uncoordinated way, thereby highlighting the role of intertemporal screening externalities induced by competition among...
Persistent link: https://www.econbiz.de/10011506424