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The objective of our paper is to study R&D investments and pricing behavior in an environment with fundamental uncertainty. We designed a multi-period experiment in which each period consisted of two stages, an R&D phase and a pricing stage. Participants in the experiment had almost no...
Persistent link: https://www.econbiz.de/10010481420
This paper analyzes the compatibility decision of a dominant hardware supplier. There are two substitutive variants of the hardware component of a hardware-software system, they are horizontally differentiated, and one of the two has a quality advantage. Among other things, we show under what...
Persistent link: https://www.econbiz.de/10010407083
We analyze Bertrand duopoly competition in markets with network effects and consumer switching costs. Depending on the …
Persistent link: https://www.econbiz.de/10009236846
We analyze market dynamics under Bertrand duopoly competition in industries with network effects and consumer switching …
Persistent link: https://www.econbiz.de/10012724212
mainstream approach stopped at the representation of firms. The standard utility maximization approach to consumers’ theory is … demand classes, likely to explain common properties across different markets. -- Evolutionary Economics ; Consumer Theory …
Persistent link: https://www.econbiz.de/10008732415
This paper studies unshrouding decisions in a framework similar to Gabaix and Laibson (2006), but considers an alternative unshrouding mechanism where the impact of advertising add-on information depends on the number of unshrouding firms. We show that shrouding becomes less prevalent as the...
Persistent link: https://www.econbiz.de/10010223577
We examine how revenue-sharing and profit-sharing stakes affect price competition intensity under duopoly. Our analysis …
Persistent link: https://www.econbiz.de/10014082332
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