In this paper, we model the potential for streaming music, a non-durable product, to upend and displace durable music sales. As the popularity of streaming music increases producers will switch their focus to the non-durable channel. We identify conditions under which the changing industry will...

We model the potential for a company bundling high search cost information goods to obtain an advantage over conventional individual sales. Using the streaming video industry as an example, we model the search costs associated with films. We find that bundling services can increase a user's...

We model the potential for a company bundling experience goods to obtain an advantage over conventional individual sales. Using the streaming video industry as an example, we consider the unknown attributes of films. Bundling services can be beneficial by guiding consumers' product selections,...

Models of reference-dependent preferences show that an individual's utility depends on the difference between the outcome and a ‘neutral' reference point. Our paper investigates how distance from reference points affects future performance. We find that round numbers and personal bests...

This paper empirically examines how local music venues are affected by exclusive contracts used by four of the United States' most prominent music festivals. By utilizing a unique industry and multi-year dataset, as well as variation in the use of exclusive dealing across the country determined...

Intellectual property and its protection is one of the most valuable assets for entrepreneurs and firms in the information economy. This article describes a relatively straightforward method for measuring patent value with aggregate market data and the BLP model. We apply the method to United...

This paper estimates the short-run effects of tariffs on United States tablet computer prices and welfare. Market-level data are used to estimate a model of demand, supply and trade policy and to simulate equilibria prices and sales in scenarios with tariffs on Chinese production. A 25 percent...

This paper examines pricing incentives for vertically-integrated manufacturers that retail. We estimate a model of demand and supply in the upstream and downstream markets for tablet computers in the United States and solve the model for the firms’ optimal price conditions. The price...

Using a unique dataset of the Netflix video on demand library, this article measures the characteristics of information goods important when employing a strategic bundling strategy. By matching the titles entering and exiting the library to their relevant properties, I use a characteristic...

This paper examines the economic and political implications of two market-based policies, eco-certifications and emission taxes. We evaluate each policy's effects on the environment, investment in clean technology, and social welfare under imperfect competition. We find that eco-certification...