Showing 11 - 20 of 45
Keynesian p-Beauty Contest (KpBC) is one of the most commonly used laboratory experiments to study the degree of rationality of people and the learning process. It is also applicable in education as a tool to illustrate both the concept of rationality and iterative elimination of dominated...
Persistent link: https://www.econbiz.de/10009145144
The article shows a possibility of applying the multi-object first-price auction to the students registration system for the class at the University Study-Oriented System (called USOS). On the basis of experimental data and the Monte Carlo simulation changes in the effectiveness were determined...
Persistent link: https://www.econbiz.de/10009145147
In the models of the horizontal product differentiation it is assumed that all the consumers will decide on purchase of goods, it means that there will be the full market saturation assumption. The authors of the work study the influence of overthrowing this unreal theory on the balances in one...
Persistent link: https://www.econbiz.de/10009148935
This paper demonstrates how stated-preference methods can be applied to modeling consumers' preferences in the field of mobile telecommunications, and to measuring and the valuation of network effects. We illustrate this with a case study of mobile phone operators in Poland. We utilize the...
Persistent link: https://www.econbiz.de/10010304252
In this paper we utilize discrete choice experiment method to identify and measure switching costs and network effects in mobile telephony in Poland. Based on hypothetical choices consumers make we construct a conditional random parameters multinomial logit model to analyze their preferences. In...
Persistent link: https://www.econbiz.de/10010327708
Recent theoretical models of network competition with call externalities demonstrate strategic incentives of incumbent providers to reduce receiver benefits in rival network by excessive off-net pricing. Such anti-competitive pricing practices have a potentially damaging impact on financial...
Persistent link: https://www.econbiz.de/10011577424
The main purpose of this study is to determine what are the main factors which stand behind the diversity in performance of business services measured by their contribution to growth in the EU Member States. We show that in addition to typical growth factors which enhance labour productivity,...
Persistent link: https://www.econbiz.de/10011430896
Digital maps and navigation applications are considered an essential tool by 70% of smartphone users. As these apps come predominantly free of charge, their contribution to consumer well-being cannot be captured by the common economic measures, like the GDP. This study demonstrates how the...
Persistent link: https://www.econbiz.de/10012695560
The static model of two sided markets proposed by Rochet and Tirole analyses optimal pricing of a monopolistic platform at the equilibrium point. Their framework implicitly assumes that for each prices set by the platform, the equilibrium number of users on each side will be unique. However,...
Persistent link: https://www.econbiz.de/10013461501
While the potential empowering impact of the GDPR is huge, we argue that the ambivalent attitudes of users towards data protection, as well as the risk of differentiation of legal practice among member states, can seriously limit the real effects of the privacy reform.
Persistent link: https://www.econbiz.de/10012151404