Vor dem Hintergrund einer relativ begrenzten Investitionstätigkeit in Next GenerationAccess (NGA) in Deutschland untersucht dieser Beitrag, welche ökonomischen Anreizstrukturenhinsichtlich von Investitionen in NGA bestehen. Eventuell bestehendeHemmnisse für Investitionen werden analysiert und...

Is the reputation of a firm tradable when the change in ownership is observable?We consider a competitive market in which a share of owners must retire ineach period. New owners bid for the firms that are for sale. Customers learn theowners type, which reflects the quality of the good or service...

We compare the advertising intensity and content of programming in a market withcompeting media platforms. With pay-tv, media platforms have two sources of revenues,advertising revenues and revenues from viewers. With free-to-air, media platformsreceive all revenues from advertising. We show...

In a market environment with random detection of product quality, a firm can employ umbrella branding as a strategy to convince consumers of the high quality of its products. Alternatively, a firm can rely on external certification of the quality of one or both of its products. We characterize...

In a standard adverse selection world, asymmetric information about product quality leads to quality deterioration in the market. Suppose that a higher investment level makes the realization of high quality more likely. Then, if consumers observe the investment (but not the realization of...