Is Knowledge Power? Information and Switching Costs in Agricultural Markets
نویسندگان
چکیده
منابع مشابه
Information Technology and Switching Costs Information Technology and Switching Costs
Switching costs, the real or perceived cost of changing product providers, has become increasingly important in information-intensive businesses. Reduced search and transactions costs have made it possible for customers to more readily evaluate alternative suppliers, increasing switching. At the same time, the high fixed cost structure of customer acquisition and operations in information-inten...
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In many markets, there are switching costs and network effects. Yet the literature generally deals with them separately. This paper bridges the gap by analyzing their interaction (or “indirect bargain”) in a dynamic two-sided market. It shows that in the symmetric equilibrium, the classic result that the first-period price is U-shaped in switching costs does not emerge, but instead switching co...
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In this paper we investigate the possible presence of switching costs when consumers are offered the opportunity to change their basic health insurance provider. We focus on the specific case of Switzerland which implemented a pure form of competition in basic health insurance markets. We identify several barriers to switching, namely choice overload, status quo bias, the possession of suppleme...
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In the presence of switching costs, firms are often interested in expanding current market shares to exploit their customer base in the future. However, if the product is sold by retailers, manufacturers may face the problem of extracting too much surplus from the retailer. If this happens, then the latter has not an incentive to build a subscriber base. This paper would like to connect two unr...
متن کاملDo Switching Costs Make Markets Less Competitive ?
The conventional wisdom in economic theory holds that switching costs make markets less competitive. This paper challenges this claim. We formulate an empirically realistic model of dynamic price competition that allows for differentiated products and imperfect lock-in. We calibrate this model with data from frequently purchased packaged goods markets. These data are ideal in the sense that the...
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ژورنال
عنوان ژورنال: American Journal of Agricultural Economics
سال: 2017
ISSN: 0002-9092,1467-8276
DOI: 10.1093/ajae/aax035