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Freilich, Janet - 2023

There is a harmful mismatch between how information published by the government is perceived—as highly trustworthy—and the reality that it is often not. This Article shows that the government frequently collects information from third-party private entities and publishes it with no review or...

Persistent link: https://www.econbiz.de/10014260311

Liberalization of the Postal Service Market in Europe : Entry with Universal Service and Partial Coverage

Beschorner, Patrick - 2009

anticipate entry by competitors who are not required to offer universal service, i.e. coverage of the entire country and uniform … pricing. The market for postal service exhibits stronger network effects than in telecommunications because of limited …. We show that dependent on the shape of the network costs and the network effects entrants may either offer a low quality …

Persistent link: https://www.econbiz.de/10014210629

Continuous time trading in markets with adverse selection

Janssen, Maarten C. W.; Karamychev, Vladimir A. - 2000

We investigate the nature of the adverse selection problem in a market for adurable goodwhere trading and entry of new …

Persistent link: https://www.econbiz.de/10011304379

Competition Effects in a Liberalized Railway Market

Lang, Markus - 2014

pay to the infrastructure manager for access to the tracks and how these charges change with increased competition in the … prices per kilometer and increases total output in train kilometers. The regulatory agency reacts to more competition with a … competition in the freight and/or passenger segment is ambiguous and depends on the level of competition. Finally, social welfare …

Persistent link: https://www.econbiz.de/10013069290

Vertical product differentiation when quality is unobservable to buyers

Orosel, Gerhard O.; Zauner, Klaus G. - 2004

We analyze vertical product differentiation in a model where a good's quality is unobservable to buyers before purchase, a continuum of quality levels is technologically feasible, and minimum quality is supplied under competitive conditions. After purchase the true quality of the good is...

Persistent link: https://www.econbiz.de/10010261256

Honest certification and the threat of capture

Strausz, Roland - 2004

natural monopoly. 3) Price competition tends to a monopolization. The results derive from a general principle of reputation …

Persistent link: https://www.econbiz.de/10010343969

Screening without Single Crossing

Kwak, Changhyun - 2023

This paper provides a sufficient condition under which a general screening problem can be reduced, without the principal’s payoff loss, to one with the single crossing property. The sufficient condition requires the agent’s types to be ordered in a way that two marginal rates of substitution...

Persistent link: https://www.econbiz.de/10014346954

ICO vs. Equity Financing Under Imperfect, Complex and Asymmetric Information

Miglo, Anton - 2020

This paper offers a model of a firm that raises funds for financing an innovative business project and choses between ICO (initial coin offering) and equity financing. The model is based on information problems associated with both ICO and equity financing well documented in literature. The...

Persistent link: https://www.econbiz.de/10012841461

Crowdfunding Under Market Feedback, Asymmetric Information And Overconfident Entrepreneur

Miglo, Anton - 2020

This article is the first one that considers a model of the choice between the different types of crowdfunding, which contains elements of the asymmetric information approach and behavioral finance (overconfident entrepreneurs). The model provides several implications, most of which have not yet...

Persistent link: https://www.econbiz.de/10012842167

Crowdfunding Under Market Feedback, Asymmetric Information And Overconfident Entrepreneur

Miglo, Anton - 2018

Persistent link: https://www.econbiz.de/10012925818