In many markets, firms make their products complex through add-ons, thus making them difficult to evaluate and compare. How does this product obfuscation affect competition, sellers' profits, and buyers' welfare? We study these questions in a competitive experimental market in which sellers have...

In many markets, firms make their products complex through add-on features, thus making them difficult to evaluate and compare. Does this product obfuscation lure buyers into buying overpriced products, and if so, why does competition not eliminate this practice? More generally, under which...

Das Fit-for-55-Maßnahmenpaket der EU bezweckt eine Reduktion der CO2-Emissionen um55 % bis 2030, gemessen an den Emissionen von 1990. Für die Luftfahrt sind und werdenverschiedene Instrumente wirksam, die neben einer Änderung der Treibstoffe auch Steuernund Gebühren enthalten. Je nach...

We study optimal experimentation by a monopolistic platform in a two-sided market framework. The platform provider faces uncertainty about the strength of the externality each side is exerting on the other. It maximizes the expected present value of its profit stream in a continuous-time...