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Credence goods markets, such as those for car repairs and medical treatments, are generally characterized by an ex-ante and ex-post information asymmetry between the uninformed buyer and the informed seller. Previous literature demonstrates that efficiency and fraud in a monopolist credence...
Persistent link: https://www.econbiz.de/10012286246
We consider a market with two symmetric firms and two asymmetric consumer groups. Firms send advertising messages which …
Persistent link: https://www.econbiz.de/10012314221
Does advertising revenue increase or diminish content differentiation in media markets? This paper shows that an … causal effect of advertising on the YouTubers' content choice. The analysis of around one million YouTube videos shows that … advertising leads to a twenty percentage point reduction in the YouTubers' probability to duplicate popular content, i.e., content …
Persistent link: https://www.econbiz.de/10012317621
, price regulation should be accompanied by licensing arrangements that cap the number of experts in the market. Our theory …
Persistent link: https://www.econbiz.de/10012431181
We develop an advertising strategy for durable goods firms applying a dual time-period model while considering three …-stage game in a Cournot competition. We assume that firms employ two advertising approaches; one is online advertising, which … escalates consumers' willingness to purchase goods and the other is conventional mass media advertising, including television …
Persistent link: https://www.econbiz.de/10012805746
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In many cases fjords cause disconnections in the road network, calling for the service of ferries. The construction of bridges or subsea tunnels may, however, substitute the ferries, often financed by toll charges. In this paper we use data on commuting flows from a Norwegian region with a high...
Persistent link: https://www.econbiz.de/10011575495
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The calculation of unit cost that can be used for estimating capacity investment decisions is frequently ambiguous due to the many ways to apportion applicable cash ows connected to the delivery of products. This paper studies the identification of relevant unit cost when productive capacity is...
Persistent link: https://www.econbiz.de/10012236460
the costs. There is a theory that to each cost, there should an assigned person who is responsible for it (Leszczyński Z … responsibility for costs need to be defined. Then, specific tasks that need to be performed by particular persons must be detailed …
Persistent link: https://www.econbiz.de/10012236791