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Why free markets can sometimes turn into "peacock markets" : the evolution of credit cards

Frank, Joshua M. - In: Journal of economic issues : jei 44 (2010) 2, pp. 325-335

Persistent link: https://www.econbiz.de/10008699840

Maximal revenue with multiple goods : nonmonotonicity and other observations

Hart, Sergiu; Reny, Philip J. - In: Theoretical economics : TE ; an open access journal in … 10 (2015) 3, pp. 893-922

Consider the problem of maximizing the revenue from selling a number of goods to a single buyer. We show that, unlike the case of one good, when the buyer's values for the goods increase the seller's maximal revenue may well decrease. We then identify two circumstances where monotonicity does...

Persistent link: https://www.econbiz.de/10011673142

"Shopping for a better world" funktioniert nur bedingt

Friedrichsen, Jana - In: DIW-Wochenbericht : Wirtschaft, Politik, Wissenschaft 83 (2016) 38, pp. 851-856

Immer mehr Verbraucherinnen und Verbraucher greifen zu ökologischen und fair gehandelten Produkten, mehr und mehr Läden erweitern ihr Sortiment um entsprechende Produktalternativen. Doch nicht immer steht dahinter ein echtes Interesse an alternativen Produktionsprozessen. Ein Teil der...

Persistent link: https://www.econbiz.de/10011538894

Low quality as a signal of high quality

Clements, Matthew T. - 2011

determinant of the feasibility of such signaling. A firm may use price alone as a signal, or price and quality together. Both … signals tend to be used when the market is very uninformed, whereas price signaling alone tends to be used when the market is … low observable quality is always an indication that unobservable quality is high. -- Signaling ; quality …

Persistent link: https://www.econbiz.de/10008905517

Reexamining the Schmalensee effect

Kim, Jeong-yoo; Berg, Nathan - 2017

The authors reexamine the Schmalensee effect from a dynamic perspective. Schmalsensee’s argument suggesting that high quality can be signaled by high prices is based on the assumption that higher quality necessarily incurs higher production cost. In this paper, the authors argue that firms...

Persistent link: https://www.econbiz.de/10011629415

Information acquisition and assimilation capacities as determinants of technological niche markets

Santos Arteaga, Francisco Javier; Tavana, Madjid; Di … - In: Journal of innovation & knowledge : JIK 7 (2022) 3, pp. 1-13

We present an equilibrium model where the demand side of the market determines the strategic incentives of firms when considering the introduction of technologically superior products (TSPs) and the subsequent dynamic evolution of the market configuration. Market demand is built on conventional...

Persistent link: https://www.econbiz.de/10013448265

Simple bets to elicit private signals

Baillon, Aurélien; Xu, Yan - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 3, pp. 777-797

This paper introduces two simple betting mechanisms, Top-Flop and Threshold betting, to elicit unverifiable information from crowds. Agents are offered bets on the rating of an item about which they received a private signal versus that of a random item. We characterize conditions for the chosen...

Persistent link: https://www.econbiz.de/10012806279

A signaling theory of education under the presence of career concerns

Hwang, Sunjoo - In: Han gug gae bal yeon gu 38 (2016) 2, pp. 87-101

Persistent link: https://www.econbiz.de/10011499177

Harsh norms and screening for loyalty

Berg, Nathan; Kim, Jeong-yoo - In: Bulletin of economic research 68 (2016) 3, pp. 205-217

Persistent link: https://www.econbiz.de/10011502637

Targeted information release in social networks

Zhou, Junjie; Chen, Ying-Ju - In: Operations research 64 (2016) 3, pp. 721-735

Persistent link: https://www.econbiz.de/10011508059

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