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The End of Tourist Traps: A Natural Experiment on the Impact of Tripadvisor on Quality Upgrading

Donati, Dante - 2022

' behavior and firms' incentives to upgrade product quality in markets where information is traditionally limited. I first build … a model of consumer search with firms' endogenous quality decisions. In this model, lower search costs reallocate demand … toward higher-quality producers, raising firms' incentives to upgrade quality, and more so for firms selling ex-ante lower-quality …

Persistent link: https://www.econbiz.de/10013353446

Bayesian Persuasion by an Informed Mechanism Designer

Zhang, Jun; Chen, Yanlin - 2022

We investigate how an informed designer maximizes her objective when facinga player whose payoff depends on both the designer's private information andon an unknown state within the classical quasilinear environment. Thedesigner can disclose arbitrary information about the state via...

Persistent link: https://www.econbiz.de/10013294529

Monopoly regulation through cost-based revenue caps employing a base year approach

Gräper, Gerrit; Mankat, Fabian - 2024

This paper studies the pricing incentives of a monopolist constrained by a revenue cap endogenously determined by her costs in a so-called base year. Such regulation is employed, among others, to govern electricity distribution operators in Germany. We show that the revenue cap may incentivize...

Persistent link: https://www.econbiz.de/10014470709

Voluntary bankruptcy as preemptive persuasion

Dinev, Nikolay - 2017

This paper examines the phenomenon of management-initiated, court-supervised reorganization of companies in U.S. bankruptcy court. The proposed in-court persuasion mechanism reconciles excessive reorganizations of non-viable companies (and subsequent repeat failures) with management-initiated...

Persistent link: https://www.econbiz.de/10011779720

Monopoly regulation through cost-based revenue caps employing a base year approach

Gräper, Gerrit; Mankat, Fabian - 2024

Persistent link: https://www.econbiz.de/10014476154

Why the Dynamics of Competition for Online Platforms Leads to Sleepless Nights But Not Sleepy Monopolies

Evans, David S. - 2017

this points to online platforms facing sleepless nights since any online platform that tries the quiet life of monopoly …

Persistent link: https://www.econbiz.de/10012951065

Monopoly, Quantity Discounts, and Stepwise Taxation

Chang, Winston W. - 2016

This paper investigates a stepwise tax/subsidy structure on a monopoly practicing quantity discounts. It covers four …

Persistent link: https://www.econbiz.de/10013006234

Tying, Bundling, and Double Marginalization

O'Brien, Daniel P. - 2018

We provide a general definition of bundling that encompasses the bundling of two or more objects over sets of three or more objects. Bundled objects may be units of the same product, different products, or both. Such bundling encompasses a range of controversial pricing practices that have drawn...

Persistent link: https://www.econbiz.de/10012921218

Two-part tariff competition in duopoly

Yin, Xiangkang - Department of Economics and Finance, La Trobe Business … - 2000

monopoly because each duopolist has a smaller market size than the monopolist. But social welfare in the monopoly is lower than …

Persistent link: https://www.econbiz.de/10010541719

Deterministic Versus Random Utility : Implied Patterns of Vertical Product Differentiation in a Multi-Product Monopoly

Behrens, Christiaan; Lijesen, Mark Glenn; Pels, Eric A. … - 2012

In this article we study patterns of vertical product differentiation in a multi-product monopoly using a random … the level of unobserved demand heterogeneity and the observed dispersion of willingness to pay for quality. Only if … for quality do not affect the relative welfare efficiency of the monopolist …

Persistent link: https://www.econbiz.de/10014171780