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We develop and analyze a model of pricing for digital products withdiscontinuous supply functions. This characterizes a number ofinformation technology-based products and services for which variableincreases in demand are fulfilled by the addition of 'blocks' ofcomputing or network...
Persistent link: https://www.econbiz.de/10009435101
This is a study of market organization in very different settings.In the first chapter, I study how the choices by students to “rush” fraternities, and those of fraternities of whom to admit, interact with the signals that firms receive about student productivities to determine labor market...
Persistent link: https://www.econbiz.de/10009477934
lending conditions— is associated with more bank-level failures in crises, consistent with lower screening. …
Persistent link: https://www.econbiz.de/10012525329
sold as a screening device to induce banks to reveal truthful information. We find that adverse selection amplifies the …
Persistent link: https://www.econbiz.de/10014367467