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Ching, Andrew T.; Horstmann, Ignatius J.; Lim, Hyunwoo - 2021

In "Marketing Information: A Competitive Analysis,'' Sarvary and Parker (1997) (S&P) [Marketing Science, 16(1): 24-38] argue that in part of the parameter space that they considered, a reduction in the price of one information product can lead to an increase in demand for another information...

Persistent link: https://www.econbiz.de/10013225884

The Economics of Information in Transport

Rietveld, Piet - 2010

Travelers often are incompletely informed about travel alternatives, which has important implications for various domains of travel behavior such as whether or not to make a trip, modal choice, the timing of a trip or route choice. During the last decade large efforts have been made to increase...

Persistent link: https://www.econbiz.de/10013136390

A theory of digital ecosystems

Heidhues, Paul; Köster, Mats; Kőszegi, Botond - 2024

controlling access points, so it may go to great lengths to dominate these markets. Our theory's logic suggests that ecosystems …

Persistent link: https://www.econbiz.de/10014635326

Coordinated vs Efficient Prices : The Impact of Algorithmic Pricing on Multifamily Rental Markets

Calder-Wang, Sophie; Kim, Gi Heung - 2023

. However, widespread adoption of the same algorithm could also lead to price coordination, resulting in elevated prices. In … 2019. First, our findings suggest that algorithm adoption indeed helps building managers set more responsive prices … market. Second, when compared across markets, we find markets with greater algorithm penetration also experienced higher …

Persistent link: https://www.econbiz.de/10014351285

An Economic Analysis of Difficulty Adjustment Algorithms in Proof-of-Work Blockchain Systems

Noda, Shunya - 2020

The design of the Bitcoin difficulty adjustment algorithm (DAA) is vulnerable as it dismisses miners' responses to …

Persistent link: https://www.econbiz.de/10012848799

Competition in pricing algorithms

Brown, Zach Y.; MacKay, Alexander - 2019

Increasingly, retailers have access to better pricing technology, especially in online markets. Firms employ automated pricing algorithms that allow for high-frequency price changes. What are the implications for price competition? We develop a model of price competition where firms can differ...

Persistent link: https://www.econbiz.de/10012175360

Algorithmic Antitrust

Veljanovski, Cento - 2020

This paper provides an overview of recent developments in algorithmic antitrust, and the economics and legal issues raised in the areas of abuse of dominance, algorithmic pricing and collusion, and mergers and acquisition. The general theme is that while much has been made of the possible...

Persistent link: https://www.econbiz.de/10014095428

Algorithmic Black Swans

Kolt, Noam - 2023

From biased lending algorithms to chatbots that spew violent hate speech, AI systems already pose many risks to society. While policymakers have a responsibility to tackle pressing issues of algorithmic fairness, privacy, and accountability, they also have a responsibility to consider broader,...

Persistent link: https://www.econbiz.de/10014254401

Beef up your competitor: a model of advertising cooperation between internet search engines

Sapi, Geza; Suleymanova, Irina - 2009

We propose a duopoly model of competition between internet search engines endowed with different technologies and study the effects of an agreement where the more advanced firm shares its technology with the inferior one. We show that the superior firm enters the agreement only if it results in...

Persistent link: https://www.econbiz.de/10010271093

Between agora and shopping mall

Falkinger, Josef - 2008

Advertisements provide consumers with knowledge about private products, whereas political information is required to provide voters with knowledge of public issues. Modern information technologies and globalisation are increasing the exposure of individuals to information. Goods advertising is...

Persistent link: https://www.econbiz.de/10010315559