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Trust and reputation under asymmetric information
Janas, Moritz; Oljemark, Emilia - 2020 - Version: September 10, 2020
We study the role of information about the multiplier in a finitely repeated investment game. A high multiplier increases the reputational incentives of a trustee, leading to more repayments. Our perfect Bayesian equilibrium analysis shows that if the trustee is privately informed about the...
Persistent link: https://www.econbiz.de/10012422494
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Inefficiency and regulation in credence goods markets with altruistic experts
Farukh, Razi; Kerkhof, Anna; Loebbing, Jonas - 2020
experts (the agents) care both about their income and the utility of consumers (the principals). Experts' preferences over … income and their consumers' utility are convex, such that experts care less for consumers when their financial situation is … partially overcomes this inefficiency and Pareto-improves upon the market outcome. If market entry of experts is endogenous …
Persistent link: https://www.econbiz.de/10012431181
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Optimal market structure in the mobile industry
Jeanjean, François; Houngbonon, Georges Vivien - 2016
The optimal market structure in the mobile industry is an important topic in the mobile industry. In this paper, we use two theoretical frameworks and a structural estimation approach to assess the effects of market structure on consumer surplus in symmetric mobile markets. When mobile services...
Persistent link: https://www.econbiz.de/10011603514
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Optimal number of firms in the wireless markets
Jeanjean, François; Houngbonon, Georges Vivien - 2015 - Preliminary version
In this paper, we design a theoretical model to analyze the impact of the number of firms on investment in the wireless communications industry. Our model extends the Salop's framework by introducing investment in quality that either reduces the marginal cost of production or shifts the...
Persistent link: https://www.econbiz.de/10011445895
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The impact of RAN sharing
Ivaldi, Marc; Aimene, Louise; Jeanjean, Francois; … - 2021
In this paper, we formulate and estimate a structural model of demand to analyse the equilibrium effect of the RAN sharing by using cross-country panel data in 28 EU countries in years 2010-2020. Based on model estimates, our simulation analysis in Spain firstly provides a quantitative...
Persistent link: https://www.econbiz.de/10012804946
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Agony of choice : trading off stability and competition in the banking markets
Hellwig, Michael; Laser, Falk Hendrik - 2019 - Preliminary version
We investigate the trade-off between financial stability and competition policy by focusing on the merger of ABN AMRO and Fortis Bank NL in the Dutch retail banking market. The financial crisis delayed the completion of the merger giving rise to anti-competitive behavior in the transitory...
Persistent link: https://www.econbiz.de/10012268034
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Hello... are you still there? : an empirical analysis of how market structure affects the quality of mobile networks
Wellmann, Nicolas - 2019
For the ongoing and upcoming auctioning of 5G spectrum an important question is, what drives network quality in mobile markets? When comparing the provided mobile network quality between various EU countries considerable differences between these markets become apparent, which cannot be solely...
Persistent link: https://www.econbiz.de/10012289373
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Mergers and the markups of rival firms : evidence from European markets
Stiebale, Joel; Szücs, Florian - 2019 - This draft: March 1, 2019
This paper analyzes the effects of mergers on markups of non-merging rival firms in narrowly defined markets. Combining data from the European Commission’s market assessments in merger decisions with production data, we use recent methodological advances in the estimation of production...
Persistent link: https://www.econbiz.de/10012317414
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Mobile market performance and market structure in Europe during the 4G era
Abate, Serafino; Bahia, Kalvin; Castells, Pau - 2020
This study evaluates the impact of competition on quality, innovation and price in Europe's mobile communications market during the 4G era (2011-18). Our results indicate that European mobile users in more concentrated markets benefitted the most from higher network quality, particularly with...
Persistent link: https://www.econbiz.de/10012484159
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Entrepreneurial motivations as drivers of expert creativity
Nisula, Anna-Maija; Olander, Heidi; Henttonen, Kaisa - In: International journal of innovation management 21 (2017) 5, pp. 1740005-1-19
Persistent link: https://www.econbiz.de/10011757808