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We develop a model to study the political economy implications of information gatekeeping, i.e., a policy of granting access only to friendly media outlets and denying access to critical ones. While an incumbent prefers positive bias, granting access improves her re-election probability only if...
Persistent link: https://www.econbiz.de/10011824212
This paper develops a model of media bias in which rational agents acquire all their news from the source that is most likely to confirm their prior beliefs. Despite only wishing to make the correct decision, agents act as if they enjoy receiving news that supports their preconceptions. By...
Persistent link: https://www.econbiz.de/10014056570
This study is focused on (re)searching an answer to the question: * WHY DOES NOT THE RATIO POVERTY/WELFARE WORK as a dynamically pro-market reform indicator, into the contemporary MARKET and ECONOMY? A two stage answering-approach (as below # and ## paragraphs show) is proposed: # If (a) [simple...
Persistent link: https://www.econbiz.de/10013291674
[enter Abstract Body]The modern conditions of globalization and the expected long-term trends set all the countries of the world in front of special challenges. In addition to it, for all the countries having transitional economy it is very important to manage to develop the strong competitive...
Persistent link: https://www.econbiz.de/10014237515
the decrease in response to the greater advertising advantage of the wealthier half of the population. One cannot say a …
Persistent link: https://www.econbiz.de/10009377420
We present a strategic game of pricing and targeted-advertising. Firms cansimultaneously target priceadvertisements to … occur surely. Equilibria exhibit random advertising--to induce an unequal distribution of information in the market …
Persistent link: https://www.econbiz.de/10011333902
This study examines the situation in which a monopolist offers freeware as an advertisement for the increase of demand to maximize profit even though the existence of such freeware will reduce the power of the monopolist in the market. This study proves that the successful application of...
Persistent link: https://www.econbiz.de/10012955291
I study the welfare and price implications of consumer privacy. A consumer discloses information to a multi-product seller, which learns about his preferences, sets prices, and makes product recommendations. Although the consumer benefits from accurate recommendations, the seller may use the...
Persistent link: https://www.econbiz.de/10012900118
In the face of demand uncertainty, a monopolist can observe sales as a controlled reaction to its price and advertising …, advertising, and information acquisition. This illustrates the firm's tradeoff of actively managing its consumer base through …
Persistent link: https://www.econbiz.de/10012910797
In their seminal paper Grossman and Shapiro (1984) find that informative advertising is socially excessive in an … one ad, i.e., advertising does not have a demand creation effect. Christou and Vettas (2008), Tirole (1988), among others …, have presented counter-examples in alternative settings, showing when the assumption does not hold, advertising may …
Persistent link: https://www.econbiz.de/10012897237