Showing 161 - 170 of 903
Platforms use search diversion in order to trade off total consumer traffic for higher revenues derived by exposing consumers to unsolicited products (e.g. advertising). We show that the entry of a platform competitor leads to higher (lower) equilibrium levels of search diversion relative to a...
Persistent link: https://www.econbiz.de/10011268413
Persistent link: https://www.econbiz.de/10011268414
We develop a bi-dimensional dynamic model of corporate cash management in which shareholders learn about a firm's profitability and weigh the costs and benefits of holding cash. We explicitly characterize the optimal payout policy. We explain how the evolution of the strength of shareholders'...
Persistent link: https://www.econbiz.de/10011268415
We model academic competition as a game in which researchers ¯ght for priority. Researchers privately experience breakthroughs and decide how long to let their ideas mature before making them public, thereby establishing priority. In a two-researcher, symmetric environment, the resulting...
Persistent link: https://www.econbiz.de/10011268416
We consider a network that intermediates traffic between free content providers and consumers. Two-sided pricing of consumers and content providers allows profit extraction by the network and transmission of information on the social value of content. Profit maximizing tariffs give the content...
Persistent link: https://www.econbiz.de/10011268417
Information collection, processing and dissemination financial institutions is challenging. This can delay the observation by traders of the exact capital charges and constraints of their institution. During this delay, traders face preference uncertainty. In this context, we study optimal...
Persistent link: https://www.econbiz.de/10011268418
Persistent link: https://www.econbiz.de/10011268419
The main purpose of this paper is to estimate the probability of casting a decisive vote for a class or random electorate models encompassing the celebrated IC and IAC models. The emphasis is on the impact of correlation across votes on the order of magnitude of this event. Our proof techniques...
Persistent link: https://www.econbiz.de/10011268420
We analyze and evaluate the di¤erent decision rules describing the Council of Ministers of the EU starting from 1958 up to now. Most of the existing studies use the Banzhaf index (for binary voting) or the Shapley-Shubik index (for distributive politics). We argue in favor of the nucleolus as a...
Persistent link: https://www.econbiz.de/10011268421
This paper reviews some findings by Azam and Thelen (2008, 2010, 2012) that illustrate how foreign aid is used by rich countries to purchase the services of recipient governments with a view to protect or promote their economic and political interests. In particular, these findings show that...
Persistent link: https://www.econbiz.de/10011268422