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Non-sequential search, competition and price dispersion in retail electricity
Gugler, Klaus; Heim, Sven; Liebensteiner, Mario - 2016
We investigate the impact of consumer search and competition on pricing strategies in Germany's electricity retail. We … utilize a unique panel dataset on spatially varying search requests at major online price comparison websites to construct a … direct measure of search intensity and combine this information with zip code level data on electricity tariffs between 2011 …
Persistent link: https://www.econbiz.de/10011447766
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Market liberalization: Price dispersion, price discrimination and consumer search in the German electricity markets
Gugler, Klaus; Heim, Sven; Janssen, Maarten C. W.; … - 2018
We study how consumer search affects pricing in markets with incumbents and entrants using panel data on German … electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent … baseline rate while entrants decrease their tariffs if consumer search increases. Moreover, the incumbent price discriminates …
Persistent link: https://www.econbiz.de/10011917544
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The Decision of Venture Capitalists on Timing and Extent of IPOs
Tykvová, Tereza - 2003
We analyze the venture capitalist's decision on the timing of the IPO, the offer price and the fraction of shares he sells in the course of the IPO. A venture capitalist may decide to take a company public or to liquidate it after one or two financing periods. A longer venture capitalist's...
Persistent link: https://www.econbiz.de/10010298130
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Visibility of technology and cumulative innovation: Evidence from trade secrets laws
Ganglmair, Bernhard; Reimers, Imke - 2019
We use exogenous variation in the strength of trade secrets protection to show that a relative weakening of patents (compared to trade secrets) has a disproportionately negative effect on the disclosure of processes - inventions that are not otherwise visible to society. We develop a structural...
Persistent link: https://www.econbiz.de/10012060836
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Economic downturn and volunteering: Do economic crises affect content generation on Wikipedia?
Kummer, Michael; Slivko, Olga; Zhang, Michael - 2017
Economic restructuring provides an opportunity for socially valuable product and process innovation. However, it's not clear whether displaced workers engage in socially useful activities as well. This question is particularly pressing when the advancement of computer technology creates the...
Persistent link: https://www.econbiz.de/10011778711
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Political ignorance and the internet
Bertschek, Irene; Müller, David F. - 2021
We examine the link between Internet usage and political ignorance. We construct a novel Index as a direct measure of individuals' indifference with respect to political issues which determines the degree of individual political ignorance. Our econometric analysis is based on a rich data set...
Persistent link: https://www.econbiz.de/10012876069
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Algorithmic advice as a credence good
Biermann, Jan; Horton, John J.; Walter, Johannes - 2022
Actors in various settings have been increasingly relying on algorithmic tools to support their decision-making. Much of the public debate concerning algorithms - especially the associated regulation of new technologies - rests on the assumption that humans can assess the quality of algorithms....
Persistent link: https://www.econbiz.de/10013502147
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The Decision of Venture Capitalists on Timing and Extent of IPOs
Tykvová, Tereza - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003
We analyze the venture capitalist's decision on the timing of the IPO, the offer price and the fraction of shares he sells in the course of the IPO. A venture capitalist may decide to take a company public or to liquidate it after one or two financing periods. A longer venture capitalist's...
Persistent link: https://www.econbiz.de/10005097528
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Training, Mobility, and Wages: Specific Versus General Human Capital
Garloff, Alfred; Kuckulenz, Anja - 2005
This paper considers training, mobility decisions and wages together to test for the specificity of human capital contained in continuing training courses. We empirically analyse the relationship between training, mobility and wages in two ways. First, we examine the correlation between training...
Persistent link: https://www.econbiz.de/10010297508
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Search and equilibrium prices: Theory and evidence from retail diesel
Cabral, Luís M. B.; Schober, Dominik; Woll, Oliver - 2019
We examine the relation between consumer search and equilibrium prices when collusion is endogenously determined. We …
Persistent link: https://www.econbiz.de/10012007591