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We extend the theory of tax incidence under Cournot-Nash oligopolistic competition to study the effects of an ad valorem sales tax on Web services (so-called Web Tax) that are provided free of charge to users, and produce advertising space sold to businesses. Ads are more valuable to advertisers...
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IPTS recently acquired a consumer internet clickstream database containing the full set of annual (2011) clickstream … records for about 25.000 internet users in the five largest EU economies (UK, Germany, France, Italy and Spain). It contains … time spend on each webpage and socio-economic characteristics of the internet users. This study describes a model of …
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Recorded music revenue has fallen sharply since the appearance of the first digital sharing technology (Napster) in 1999. By 2012, it was down by about 70 percent in North America and Europe compared to 1999. Several factors may have contributed to this decline in revenue, including the change...
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effects, first-mover advantage, etc.) in a standard information-based herding model. Our results are based on an internet …
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