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This paper studies the influence of information on entry choices in a competition with a controlled laboratory … experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … productivity. Information on the opponent is a promising nudge to raise individuals' awareness towards the complexity of the …
Persistent link: https://www.econbiz.de/10010282257
internal rivalry. Driven by deregulation and advances in information technologies, many historical institutional distinctions …
Persistent link: https://www.econbiz.de/10009360900
The role of electronic marketplaces is to act as an intermediary between supply and demand (Schmid 1993). Using a simplified classification, it is possible to distinguish between two general types of marketplaces on the World Wide Web...
Persistent link: https://www.econbiz.de/10005867774
digital information goods. Chapter 4: Market analysis and competition behavior in the (German) music industry. Chapter 5: A …
Persistent link: https://www.econbiz.de/10009451186
We present a theory of how advertising can break a lock-in by distorting beliefs about market shares in markets with network externalities. On the background of the availability heuristic we assume that people learn about market shares by observing product adoption of others, but are not able to...
Persistent link: https://www.econbiz.de/10010284390
Friedman (1962) suggested that in general, unfettered markets ensure the efficient provision of goods and services. Applying this logic to Education, he recommended that students be provided with vouchers and allowed to purchase schooling services in a free market ((Friedman (1955, 1962)). Hoxby...
Persistent link: https://www.econbiz.de/10010291369
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