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The paper analyses the economics behind algorithmic search and recommender services, based upon personalized user data. Such services play a paramount role for online services such as marketplaces (e.g. Amazon), audio streaming (e.g. Spotify), video streaming (e.g. Netflix, YouTube), app stores,...
Persistent link: https://www.econbiz.de/10012417535
To explore the relationship between spatial location and quality differentiation, we build a dataset of over 30,000 restaurants rated by TripAdvisor, across large UK cities. Whereas top-rated restaurants tend to locate close to other top restaurants, bottom-rated restaurants tend to locate away...
Persistent link: https://www.econbiz.de/10012841315
-product, our analysis makes a contribution to the study of Bertrand-Edgeworth competition in a market with differentiated products …
Persistent link: https://www.econbiz.de/10014213065
We develop an analytical framework to investigate the competitive implications of personalized pricing technologies (PP). These technologies enable first-degree price discrimination: firms charge different prices to different consumers, based on their willingness to pay. We first show that, even...
Persistent link: https://www.econbiz.de/10014033743
We analyse optimal environmental policies in a market that is vertically differentiated in terms of the energy efficiency of products. Considering energy taxes, subsidies to firms for investment in more eco-friendly products, and product standards, we are particularly interested in how...
Persistent link: https://www.econbiz.de/10003944707
If entry requires accommodation by retailers, the incumbent manufacturer may transfer profits to retailers to maintain his dominant position (Asker and Bar-Isaac 2014). This paper shows that such an incentive to transfer will induce the high quality entrants to disclose the quality of their...
Persistent link: https://www.econbiz.de/10012891091
theoretical justification for these laws is not obvious: economic theory predicts that a seller will voluntarily disclose such …, mandatory disclosure laws can promote competition and raise consumer surplus at the expense of firm profits, potentially …
Persistent link: https://www.econbiz.de/10014028445
our theory in the psychology of attribution, define self-serving behavior and provide experimental and survey evidence of … this phenomenon, and develop a model of price-quality competition that incorporates the empirical findings. In particular …
Persistent link: https://www.econbiz.de/10010341101
We develop a mixed-duopoly model in which a private firm competes against a state owned enterprise (SOE) who cares about social welfare and is privately informed of market demand. When the SOE's social concerns are sufficiently important and when the market competitiveness is sufficiently low,...
Persistent link: https://www.econbiz.de/10013004757
in separate stages, as then firms want to limit the toll competition by setting lower capacities; or when firms set … higher capacities. In our Stackelberg competition, the firms that act last have few if any capacity decisions to influence …. Hence, they are more concerned with the toll-competition substage, and set a higher volume/capacity ratio than sociall y …
Persistent link: https://www.econbiz.de/10011386470