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identifies several limitations to the potential efficiency of intermediation in innovation. <br> <br> <i>ZUSAMMENFASSUNG - In …
Persistent link: https://www.econbiz.de/10005612423
inventions. We find that uncertainty about the profitability of investing in new inventions generates a basis for intermediation … of intermediation in innovation. …
Persistent link: https://www.econbiz.de/10005498006
The object of this paper is to discuss on-line intermediation from the perspective of two-sided markets. It builds a … simple model of the intermediation activity when trading partners are involved in a commercial relationship and uses it to … part concentrates on a monopoly intermediation service and discusses both efficient pricing and monopoly pricing. The …
Persistent link: https://www.econbiz.de/10010261092
The industrial restructuring in the new Länder of Germany consisted of closing down production capacities created under the socialist regime. In turn, public and private investments were channeled into those departments of the former "factories of the people" (VEBs) where new production...
Persistent link: https://www.econbiz.de/10005827676
This paper studies the importance of incentives as a determinant of international trade flows. We argue that barter, countertrade and foreign direct investment can be seen as efficient institutions that mitigate contractual hazards which arise in technology trade, marketing and imperfect capital...
Persistent link: https://www.econbiz.de/10005772862
We study price dispersion and venue choice in the interdealer market for German sovereign bonds, where an exchange and over-the-counter segments coexist. We show that 85% of OTC traded prices are favorable with respect to exchange quotes, indicating the prevalence of an OTC discount. This...
Persistent link: https://www.econbiz.de/10012125222
What determines how trade in a commodity is divided between privately negotiated transactions via "middle men" (dealer/brokers) in a telephone or "dealer market" versus transactions via "market makers" (specialists) at publicly observable bid/ask prices? To address this question, we extend...
Persistent link: https://www.econbiz.de/10005593414
We study a two-sided market where a platform attracts firms selling differentiated products and buyers interested in those products. In the unique subgame perfect equilibrium of the game, the platform fully internalizes the network externalities present in the market and firms and consumers all...
Persistent link: https://www.econbiz.de/10010275870
We study a two-sided market where a platform attracts firms selling differentiated products and buyers interested in those products. In the unique subgame perfect equilibrium of the game, the platform fully internalizes the network externalities present in the market and firms and consumers all...
Persistent link: https://www.econbiz.de/10011374421
substitutability parameter in an intermediation model with differentiated products and inputs. Intuitively, effects in the product and …. -- Intermediation ; oligopoly ; product differentiation …. -- Intermediation ; Oligopol ; Produktdifferenzierung …
Persistent link: https://www.econbiz.de/10008902570