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education of the population increases the correlation between non-gravity trade and income inequality becomes smaller. Non …-gravity trade has no significant effect on income inequality in countries that are world leaders in education. …
Persistent link: https://www.econbiz.de/10012231516
We construct a Hotelling-type model of two media providers, each of whom can issue fake and/or real news and each of whom can invest in the debunking of their rival's fake news. The model assumes that consumers have an innate preference for one provider or the other and value real news. However,...
Persistent link: https://www.econbiz.de/10011810090
Using a Markov-perfect equilibrium model, we show that the use of customer data to practice intertemporal price discrimination will improve monopoly profit if and only if information precision is higher than a certain threshold level. This U-shaped relationship lends support to a popular view...
Persistent link: https://www.econbiz.de/10012643538