To avoid this failure the board must make sure that the company is managed in such a way that talent is developed along with the business. Publisher s link palgraveconnect esm doifinder . . AUGUST INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION Information and Two Sided Platform Profits By Hagiu Andrei and Hanna.
Hałaburda ABSTRACT—We study the effect of different levels of information on two sided platform profits under monopoly and competition. One side developers is always informed about all prices and therefore forms responsive expectations. side users to be uninformed about prices charged to developers and to hold passive expectations. We show that platforms Chinese Overseas America Number Data with more market power monopoly prefer facing more informed users. In contrast platforms with less market power i.e. facing more intense competition have the opposite preference they derive higher profits when users are less informed. The main reason is that price information leads user expectations to be more responsive and therefore amplifies the effect of price reductions. Platforms with more market power benefit because higher responsiveness leads to demand increases which they are able to capture fully. Competing platforms are affected negatively because more information intensifies price competition.
Publisher s link ssrn abstract WORKING PAPERS Monetary Policy Drivers of Bond and Equity Risks By Campbell John Y. Carolin E. Pflueger and Luis M. Viceira ABSTRACT—The exposure of U.S. Treasury bonds to the stock market has moved considerably over time. While it was slightly positive on average in the period it was unusually high in the s and negative in the s a period during which Treasury bonds enabled investors to hedge macroeconomic risks. of monetary policy parameters and macroeconomic shocks on nominal bond risks using a New Keynesian model with habit formation and discrete regime shifts in and.