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Displaying results 1 to 18 of 18.

  1. Third-degree price discrimination in two-sided markets
    Published: August 2023
    Publisher:  CESifo, Munich, Germany

    We investigate the welfare effects of third-degree price discrimination by a two-sided platform that enables interaction between buyers and sellers. Sellers are heterogenous with respect to their per-interaction benefit, and, under price... more

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    We investigate the welfare effects of third-degree price discrimination by a two-sided platform that enables interaction between buyers and sellers. Sellers are heterogenous with respect to their per-interaction benefit, and, under price discrimination, the platform can condition its fee on sellers' type. In a model with linear demand on each side, we show that price discrimination: (i) increases participation on both sides; (ii) enhances total welfare; (iii) may result in a strict Pareto improvement, with both seller types being better-off than under uniform pricing. These results, which are in stark contrast to the traditional analysis of price discrimination, are driven by the existence of cross-group network effects. By improving the firm's ability to monetize seller participation, price discrimination induces the platform to attract more buyers, which then increases seller participation. The Pareto improvement result means that even those sellers who pay a higher price under discrimination can be better-off, due to the increased buyer participation.

     

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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/279369
    Series: CESifo working papers ; 10618 (2023)
    Subjects: two-sided markets; price discrimination; network effects
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  2. Internet (power) to the people
    how to bridge the digital divide
    Published: 07 August 2023
    Publisher:  Centre for Economic Policy Research, London

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    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18354
    Subjects: digital divide; network effects; internet diffusion; limited choice sets; data restric-tions; discrete choice models; price subsidies; internet access
    Scope: 1 Online-Ressource (circa 52 Seiten), Illustrationen
  3. Diffusion of OECD transfer pricing regulations in Eastern Africa
    agency and compliance in governing profit-shifting behaviour
    Published: April 2023
    Publisher:  The International Centre for Tax and Development at the Institute of Development Studies, Brighton, UK

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781804701126
    Series: ICTD working paper ; 164
    Subjects: transfer pricing; global tax governance; developing countries; network effects; corporate tax avoidance; OECD; sub-Saharan Africa
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  4. Platform competition and differentiation
    business choices in mobile platforms
    Published: [2021]
    Publisher:  American Enterprise Institute, [Washington, DC]

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    Language: English
    Media type: Book
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    Other identifier:
    hdl: 10419/280641
    Series: AEI economics working paper ; 2021,11 (August 2021)
    Subjects: platforms; network effects; competition; differentiation; startups
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  5. A strategic approach to network value in information markets
    Published: 2010
    Publisher:  Fundación de las Cajas de Ahorros, Madrid

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Documento de trabajo / Fundación de las Cajas de Ahorros ; 552
    Subjects: network value; network effects; time in the market; internationalization; switching costs; firm performance
    Scope: Online-Ressource (64 S.)
  6. Economic consequences of a sudden stop of energy imports
    the case of natural gas in Germany
    Author: Krebs, Tom
    Published: [2022]
    Publisher:  ZEW - Leibniz Centre for European Economic Research, Mannheim, Germany

    This policy report studies the effects of a sudden stop of natural gas imports from Russia on the German economy. The analysis focuses on the supply-side effects that arise when a gas shortage affects production in the gas-intensive manufacturing... more

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    This policy report studies the effects of a sudden stop of natural gas imports from Russia on the German economy. The analysis focuses on the supply-side effects that arise when a gas shortage affects production in the gas-intensive manufacturing sectors, with a corresponding production disruption that propagates along the value chain and through the entire economy. In a baseline scenario, a hypothetical gas embargo implemented in May 2022 leads to a short-run decline in aggregate output between 3.2 percent and 8 percent of GDP. In an alternative scenario, in which Germany can easily replace Russian gas imports by alternative imports, the short-run decline in aggregate output following the embargo is between 1.2 percent and 3 percent of GDP. In addition to the supply-side effects, an embargo causes a reduction in output via the demand-side channel. According to recent simulation studies, the demand-side effects of an energy embargo (coal, oil, natural gas) reduce GDP between 2 percent and 4 percent in the short run. These results underscore the high degree of uncertainty regarding the economic consequences of a sudden stop of Russian gas imports in the short run. Finally, an immediate gas embargo also causes permanent economic damage and has significant social implications. In policy terms, the results show the need for the German government to act as swiftly as possible to ensure independence from Russian energy imports. In addition, Germany’s future energy system needs to be more resilient to macroeconomic and geopolitical shocks.

     

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    Media type: Book
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    Other identifier:
    hdl: 10419/261297
    Series: Discussion paper / ZEW ; no. 22, 021 (06/2022)
    Subjects: energy; sanctions; network effects
    Scope: 1 Online-Ressource (35 Seiten)
  7. Endogenous multihoming and network effects
    Playstation, Xbox, or both?
    Published: [2022]
    Publisher:  Norwegian School of Economics, Bergen, Norway

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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 11250/2977645
    Series: Discussion paper / NHH, Department of Economics ; SAM 2022, 02 (February 2022)
    Subjects: multihoming; incremental pricing; network effects
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  8. Endogenous multihoming and network effects
    PlayStation, Xbox, or both?
    Published: December 2021
    Publisher:  Centre for Applied Research at NHH, Bergen, Norway

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    Media type: Book
    Format: Online
    Series: SNF working paper ; no. 21, 16
    Subjects: multihoming; incremental pricing; network effects
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  9. Do neighboring countries matter when explaining bilateral remittances?
    Published: June 2021
    Publisher:  Toulouse School of Economics, [Toulouse]

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    Format: Online
    Series: Working papers / Toulouse School of Economics ; no 1221
    Subjects: Bilateral remittances; migrants; network effects
    Scope: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  10. Oligopoly with network effects: firm-specific versus single network
    Published: [2019]
    Publisher:  School of Social Sciences, The University of Manchester, Manchester

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Economics discussion paper series ; EDP-19, 10
    Subjects: network effects; network industries; demand-side economies of scale; compatibility; incompatibility
    Scope: 1 Online-Ressource (circa 33 Seiten)
  11. Impact of FTA on Philippine industries
    analysis of network effects
    Published: December 2020
    Publisher:  Philippine Institute for Development Studies, Quezon City, Philippines

    Trade is an important component of the Philippine economy. Contemporary trade is shaped primarily by the evolution of Global Value Chains (GVCs), and this has a significant implication in integrating developing countries, such as the Philippines,... more

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    Trade is an important component of the Philippine economy. Contemporary trade is shaped primarily by the evolution of Global Value Chains (GVCs), and this has a significant implication in integrating developing countries, such as the Philippines, into the global economy. An economy's inclusion into GVCs is affected by different factors, one of which is through a Free Trade Agreement (FTA). The impact of FTAs has long been studied in the Philippines, but the network effects of FTA trade shocks and its resulting impact to industry firm performance have not been explored as much. This study contributes to filling that gap by calculating the direct impact of trade agreements to the performance of various sectors. The results of the analysis show that FTA imports have a positive and significant direct effect on industry growth and labor productivity. The network effects, however, are not statistically significant for real Gross Value Added growth. On employment, the direct effect is negative and statistically significant, but the network effects would temper this effect because the upstream effect arising from customers is positive and statistically significant. The shock also has a positive and statistically significant direct effect on labor productivity, which implies that increasing imports increases labor productivity of Philippine sectors.

     

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    hdl: 10419/241020
    Series: Discussion paper series / Philippine Institute for Development Studies ; no. 2020, 31 (December 2020)
    Subjects: Trade; network effects; trade agreements; FTA; Philippines
    Scope: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  12. Geographical concentration and editorial favoritism within the field of laboratory experimental economics
    Published: 2020
    Publisher:  Verein für Socialpolitik, [Köln]

    We examine geographical concentration, scientific quality, and editorial favoritism in the field of experimental economics. We use a novel data set containing all original research papers (N = 583) that exclusively used laboratory experiments for... more

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    We examine geographical concentration, scientific quality, and editorial favoritism in the field of experimental economics. We use a novel data set containing all original research papers (N = 583) that exclusively used laboratory experiments for data generation and were published in the American Economic Review, Experimental Economics or the Journal of the European Economic Association between 1998 and 2018. The development of geographical concentration is examined using data on authors' affiliations at the time of the respective publication. Results show that research output produced by US-affiliated economists increased slower than overall research output, leading to a decrease in geographical concentration. Several proxies for scientific quality indicate that experiments conducted in Europe are of higher quality than experiments conducted in North America: European experiments rely on a larger total number of participants as well as participants per treatment, and receive more citations compared to experiments conducted in North America. Examining laboratory experiments published in the AER more closely, we find that papers authored by economists with US-affiliations receive significantly fewer citations in the first 5 and 10 years after publication compared to papers by authors from the rest of the world.

     

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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/224565
    Edition: This version: December 12, 2019
    Series: Jahrestagung 2020 / Verein für Socialpolitik ; 65
    Subjects: laboratory experiments; favoritism; geographical concentration; methodologicalstandards; network effects
    Scope: 1 Online-Ressource (circa 79 Seiten), Illustrationen
  13. Two-sided markets, pricing, and network effects
    Published: 24 August 2021
    Publisher:  Centre for Economic Policy Research, London

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    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP16480
    Subjects: two-sided market; Platform; Pricing; network effects; Matching
    Scope: 1 Online-Ressource (circa 103 Seiten), Illustrationen
  14. Fintech and the digital transformation of financial services
    implications for market structure and public policy
    Published: July 2021
    Publisher:  Bank for International Settlements, Monetary and Economic Department, [Basel]

    Economic frictions such as information asymmetries and economic forces such as economies of scale and scope give rise to financial intermediaries. These frictions and forces also shape market structure. While technological advances are not new to... more

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    Economic frictions such as information asymmetries and economic forces such as economies of scale and scope give rise to financial intermediaries. These frictions and forces also shape market structure. While technological advances are not new to finance, digital innovation has brought major improvements in connectivity of systems, in computing power and cost, and in newly created and usable data. These improvements have alleviated transaction costs and given rise to new business models and new entrants. As technology has increased information exchange and reduced transaction costs, the production of financial services could be disaggregated. Specialized players have unbundled financial services, allowing consumers to find and assemble their preferred suites of products. However, classic economic forces remain relevant even in an age of digital production. Economies of scale and scope and network effects are present in many aspects of financial services production, including customer acquisition, funding, compliance activities, data and capital (including trust capital). Despite advances in technology, consumer search and assembly costs remain significant. These forces encourage re-bundling, and confer advantages to large multi-product providers, including technology (big tech) firms expanding into financial services from adjacent markets. The digital transformation of financial services gives rise to a set of important policy issues regarding competition, regulatory perimeters and ensuring a level playing field. Potential outcomes regarding competition, concentration and market composition include a "barbell" outcome composed of a few large providers and many niche players. Authorities must coordinate across financial regulation, competition, and industry regulatory bodies to manage trade-offs between stability and integrity, competition and efficiency, and consumer protection and privacy.

     

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    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789292594862
    Series: BIS papers ; no 117
    Subjects: big tech; fintech; credit; financial markets; data; technology; digital innovation; network effects; regulation
    Scope: 1 Online-Ressource (circa 64 Seiten), Illustrationen
  15. Editorial favoritism in the field of laboratory experimental economics
    Published: [2021]
    Publisher:  Graduate School of Business and Economics, Maastricht

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    Edition: RM/20/014-revised
    Series: [Research memorandum] / Maastricht University, Graduate School of Business and Economics (GSBE) ; RM/21, 005
    Subjects: laboratory experiments; favoritism; methodological standards; network effects
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  16. The competitive effects of vertical integration in platform markets
    Published: 13 September 2021
    Publisher:  Centre for Economic Policy Research, London

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    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP16545
    Subjects: vertical integration; platform markets; network effects; foreclosure
    Scope: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  17. Two-sided markets, pricing, and network effects
    Published: July 2021
    Publisher:  [Toulouse School of Economics], [Toulouse]

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    Media type: Book
    Format: Online
    Series: Working papers / Toulouse School of Economics ; no 1238
    Subjects: Two-sided market; platform; pricing; network effects; matching
    Scope: 1 Online-Ressource (circa 101 Seiten)
  18. An experimental test of the global-game selection in coordination games with asymmetric players
    Published: [2023]
    Publisher:  Collaborative Research Center Transregio 190, [München]

    In symmetric binary-choice coordination games, the global-game selection (GGS) has been proven to predict a high proportion of observed choices correctly. In these games, the GGS is identical to the best response to Laplacian beliefs about the... more

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    In symmetric binary-choice coordination games, the global-game selection (GGS) has been proven to predict a high proportion of observed choices correctly. In these games, the GGS is identical to the best response to Laplacian beliefs about the fraction of players choosing either action. This paper presents an experiment on asymmetric games in which the GGS differs from the best response to Laplacian beliefs. It shows that the best response to Laplacian beliefs is a better predictor of behavior in these games than the GGS. In the considered games, the GGS provides poor guidance and also fails to give the right qualitative comparative statics predictions. Simple cognitive hierarchy models yield better predictions. The best response to a Laplacian belief about the distribution of other players' actions yields the best prediction. Comparing maximum likelihood estimates for four probabilistic models shows that an estimated global-game equilibrium fits worse than a rather simple level-k or Laplacian-belief model combined with a standard error-response function.

     

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    Other identifier:
    hdl: 10419/282059
    Series: Discussion paper / Rationality & Competition, CRC TRR 190 ; no. 367 (January 20, 2023)
    Subjects: coordination games; equilibrium selection; global game; Laplacian beliefs; private information; network effects
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen