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Software Marketing on the Internet: the Use of Samples and Repositories
Gaudeul, Alexia - Centre for Competition Policy, University of East Anglia - 2008
This paper examines one of the most important marketing strategies by software producers on the Internet. That is whether to offer free samples and if so, whether to list the samples on shareware repositories. I show that firms with higher value products have a greater incentive to offer free...
Persistent link: https://www.econbiz.de/10004970309
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Learning to Coordinate : A Study in Retail Gasoline
Byrne, David P. - 2018
This paper studies equilibrium selection in the retail gasoline industry. We exploit a unique dataset that contains the universe of station-level prices for an urban market for 15 years, and that encompasses a coordinated equilibrium transition mid-sample. We uncover a gradual, three-year...
Persistent link: https://www.econbiz.de/10012937450
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Strategic leaks in first-price auctions and tacit collusion : the case of spying and counter-spying
Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2021
We analyze strategic leaks due to spying out a rival’s bid in a first-price auction. Such leaks induce sequential bidding, complicated by the fact that the spy may be a counterspy who serves the interests of the spied at bidder and reports strategically distorted information. This ambiguity...
Persistent link: https://www.econbiz.de/10012507333
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Do Online Marketplaces Become More Efficient Over Time?
Fradkin, Andrey - NET Institute - 2012
show that the increase in efficiency holds even when controlling for the search intensity of guests, the change in the … composition of transactions and aggregate market conditions at the time of search I demonstrate that guests are elastic with …
Persistent link: https://www.econbiz.de/10010584160
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Searching for Treatment
Obradovits, Martin; Plaickner, hilipp - 2020
recommendations and price offers only after consumers have approached them, creating additional market power due to search costs. In … the expert and fringe firms is costly. For search costs that are not excessively high, in equilibrium the expert … mistakenly leave the expert, and some low-severity consumers incur unnecessary search costs. Total welfare is non-monotonic in …
Persistent link: https://www.econbiz.de/10012609027
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Searching for treatment
Obradovits, Martin; Plaickner, hilipp - 2020
recommendations and price offers only after consumers have approached them, creating additional market power due to search costs. In … the expert and fringe firms is costly. For search costs that are not excessively high, in equilibrium the expert … mistakenly leave the expert, and some low-severity consumers incur unnecessary search costs. Total welfare is non-monotonic in …
Persistent link: https://www.econbiz.de/10012242146
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Asymmetric Price Adjustments Under Ever-Increasing Costs. Evidence from the Retail Gasoline Market in Colombia
Hofstetter, Marc; Tovar, Jorge - UNIVERSIDAD DE LOS ANDES-CEDE - 2007
There is abundant empirical evidence showing that asymmetric price adjustments exist in a wide variety of markets. Prices tend to grow faster when costs rise relative to the rate at which prices drop when costs fall. The objective of this paper is to empirically test whether asymmetric price...
Persistent link: https://www.econbiz.de/10005082472
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Efficient Search by Committee
Bergemann, Dirk; Valimaki, Juuso - Cowles Foundation for Research in Economics, Yale University - 2011
This note constructs an efficient mechanism for finding the best candidate for a committee from a sequence of potential candidates. Committee members have independent private values information about the quality of the candidate. The mechanism selects the best candidate according to the standard...
Persistent link: https://www.econbiz.de/10008800354
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Information in Cournot : Signaling with Incomplete Control
Daher, Wassim - 2012
We embed signaling in the classical Cournot model in which several firms sell a homogeneous good. The quality is known to all the firms, but only to some buyers. The quantity-setting firms can manipulate the price to signal quality. Because there is only one price in a market for a homogeneous...
Persistent link: https://www.econbiz.de/10013106683
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Screening and Adverse Selection in Frictional Markets
Venkateswaran, Venky - 2017
We incorporate a search-theoretic model of imperfect competition into a standard model of asymmetric information with …
Persistent link: https://www.econbiz.de/10012945860