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EG Weyl - The American Economic Review, 2010 - ingentaconnect.com
Abstract: I develop a general theory of monopoly pricing of networks. Platforms use
insulating tariffs to avoid coordination failure, implementing any desired allocation. Profit
maximization distorts in the spirit of A. Michael Spence (1975) by internalizing only ...
EG Weyl… - SSRN eLibrary, 2009 - papers.ssrn.com
Abstract: Pass-through rates play an analogous role for imperfect competition to elasticities
when competition is perfect. Log-curvature of demand connects optimal responses to cost
and production shocks to the division of gains from trade among consumers, producers ...
EG Weyl, ME Frederickson… - Proceedings of the …, 2010 - National Acad Sciences
Abstract Although mutualisms are common in all ecological communities and have played
key roles in the diversification of life, our current understanding of the evolution of
cooperation applies mostly to social behavior within a species. A central question is ...
Abstract: Should banks (through Visa) be allowed to own debit clearing networks? This
problem combines the classic Cournot (1838)-Spengler (1950) double marginalization
problem with the more recent literature on two-sided markets (Rochet and Tirole, 2003). ...
EG Weyl - Economics Letters, 2009 - Elsevier
Rochet and Tirole [Rochet, J.-C., Tirole, J., 2003. Platform competition in two-sided markets.
Journal of the European Economic Association 1 (4), 990–1029] consider the consumer
Ramsey problem in a model of two-sided markets. I extend their analysis to the social ...
S Jaffe… - The BE Journal of Theoretical Economics, 2010 - papers.ssrn.com
Page 1. Electronic copy available at: http://ssrn.com/abstract=1550434 Linear Demand
Systems are Inconsistent with Discrete Choice∗ Sonia Jaffet and E. Glen Weyl‡
September 28, 2010 Abstract We show that with more than ...
Abstract: What is the best way to reward innovation? While prizes avoid deadweight loss,
intellectual property screens out projects generating low consumer surplus per unit sold. We
build a model that formalizes this trade-off and develop tools for solving the resulting ...
EG Weyl - Unpublished Manuscript, Harvard University, 2009 - uchicago.edu
Smart platform always achieves desired allocation uniquely Set insulating tariff PI (NJ)≡ PI (
NI, NJ) For Armstrong, full insurance (Dybvig and Spatt 1983) For RT2003, strategic
insulation (interaction fee) Possible dynamic implementation Thus we can ignore ...
[CITATION] A Multidimensional Envelope Theorem with Endogenous Choice Sets
M Fabinger… - 2011
A Veiga… - 2010 - uclouvain.be
Despite many recent advances in the economic theory of multi-sided platforms, the literature
has largely tended to assume that participating users are homogeneous with respect to the
network externality that they generate towards other users. However, in most multi-sided ...
EG Weyl… - SSRN eLibrary, 2011 - cowles.econ.yale.edu
Abstract What is the best way to reward innovation? While prizes avoid deadweight loss,
intellectual property screens out projects generating low consumer surplus per unit sold. We
propose a stretch parameterization of demand under which innovations differ in both the ...
EG Weyl, ME Frederickson, WY Douglas… - PNAS, 2011 - National Acad Sciences
[CITATION] Psychic Income, Taxes and the Allocation of Talent
C Nathanson… - 2010
Abstract: Bidders' psychological biases can have important effects on behavior in auctions
and the principles of auction design. I consider two potential sources of the winner's curse in
common values auctions. The first, overconfidence, is here defined for the first time in a ...
M Fabinger… - 2008 - econ.puc-rio.br
Abstract We show that the division between producer and consumer surplus at the optimal
price of a linear cost monopolist is determined by an average of the pass-through rate over
prices above this optimum. The result also strengthen the link between the ...
[CITATION] Simon Kuznets, Cautious Empiricist of the Eastern European Jewish Diaspora
EG Weyl - Introduction to vol. 1 of Jewish Economies: …, 2011
[CITATION] Pass-through, Double Marginalization and Two-Sided Markets
Abstract Many models of monopoly in two-sided markets have been proposed (Rochet and
Tirole, 2006), but little is known about them. I provide a full set of comparative statics for
three models, one that generalizes that of Rochet and Tirole (2003), a second that ...
S Jaffe… - Antitrust Chronicle, 2011 - soniajaffe.com
The innovations of the new UK and US merger guidelines released last year have excited
many economists. On the one hand, they apply in nearly as broad a range of merger
contexts as traditional market definition and HHI-based approaches do. On the other hand ...
[CITATION] VPass% Through Determines the Allocation of Surplus under MonopolyV
M Fabinger… - 2008 - Harvard University Working Paper
EG Weyl - Politics, Philosophy & Economics, 2009 - ppe.sagepub.com
Abstract I argue that individuals may be as problematic political agents as groups are. In
doing so, I draw on theory from economics, philosophy, and computer science and evidence
from psychology, neuroscience, and biology. If successful, this argument undermines ...
Abstract: Rochet and Tirole (2003) consider a version (consumer surplus given price level)
of the Ramsey problem in a model of two-sided markets. In this note, I extend their analysis
to the social surplus Ramsey problem and the Lindahl problem, comparing these two and ...
M Fabinger… - 2009 - papers.ssrn.com
Abstract: In this appendix, we generalize the celebrated Bulow and Pfleiderer (1983)
demand to a collection of functions that is more flexible, yet also more tractable, than any
demand class we know of. Adjustable-pass-through (Apt) demand allows arbitrary ...
Abstract: This appendix formally states and proves results asserted in Section II of" Pass-
through as an Economic Tool", which covers single-product oligopoly models (perfect
substitutes quantity competition and perfect complements monopoly pricing).
Abstract: I argue for the existence of a strong connection between the innovative
development economics of Nobel laureate Simon Kuznets and his history as a Russian
Jewish immigrant. After providing a brief biography, I overview Kuznets's contributions to ...
Senior spring: home stretch, need a history course Never knew much about my own
background... Why not take history of Russian Jewish diaspora? Olga Litvak (now at SUNY
Albany) taught Kuzents on Jews Never heard of this... and no standard treatment ...
M Fabinger… - 2009 - isites.harvard.edu
Abstract The slope of the pass-through rate with respect to cost plays an important role in
sequential industrial organization problems. Yet every single-product demand function we
are aware of severely restricts it (Weyl, 2008). We generalize the celebrated Bulow and ...
The general problem of optimal income taxation is quite complex. Individuals earn income
over the course of a lifetime, have income and substitution effects in their choice of working
time, may evade taxes, etc. In order to focus on the core issues and understand the basic ...
EG Weyl, ME Frederickson… - Proceedings of the …, 2011 - National Acad Sciences
Kiers et al.(1) make three main points. First, they noted that many mutualisms involve
multiple symbionts interacting with a single host. We agree, and we explained that partner
fidelity feedback (PFF) can function because plants generally “limit, withdraw, or even ...
Abstract Marschak (1953) suggested that applied research should begin by determining the
minimal set of assumptions and data needed to make a prediction of interest. Standard
identification analyses correspond poorly to this search, as they have either stringent data ...
M Fabinger… - 2009 - papers.ssrn.com
Page 1. Electronic copy available at: http://ssrn.com/abstract=1391690 Monopoly An appendix
to Pass-through as an Economic Tool Michal Fabinger and E. Glen Weyl April 2009 I. Mark-up
contraction Proof of Theorem 1. The monopolist's first-order condition, again, is ...
In an economy with indivisible goods, a continuum of agents and quasilinear utility, we show
that equilibrium exists regardless of the nature of agents' preferences over bundles. This
contrasts with results for economies with a finite number of agents, which require ...
Abstract: The efficiency consequence of taxation through its effect on occupational choice
can be the opposite of the traditional labor supply effects that economists have focused on.
Murphy et. al.(1991) argue that some occupations may have positive, others negative, ...
EG Weyl… - 2010 - econ-new.stanford.edu
Note bene: Given the length requisite to provide a detailed proof of all of the results in this
appendix, many of the proofs are closer to proof sketches than full proofs. While we hope
these are sufficient to persuade the reader of the truth of the results, more details of any ...
Abstract: This dissertation consists of three essays. The first, The Price Theory of Two-Sided
Markets builds on Rochet and Tirole (2003)'s theory of two-sided markets. In it, I use the
inverse hazard rate, or" vulnerability", of demand to separate the effects of interventions ...
AG Framework,
A White… - 2010 - economics.sas.upenn.edu
Abstract The externalities advertisers receive from newspaper readers and that operating
system users receive from software developers are among the leading features of those
“platform” industries. However, they are rarely incorporated into applied models of ...
Page 1. Electronic copy available at: http://ssrn.com/abstract=1391693 Multiple Products An
appendix to Pass-through as an Economic Tool E. Glen Weyl April 2009 The approach taken
in proving the results in this appendix is somewhat more involved ...
EM Azevedo,
EG Weyl… - 2012 - econtheory.org
Abstract In an economy with indivisible goods, a continuum of agents and quasilinear utility,
we show that equilibrium exists regardless of the nature of agents' preferences over
bundles. This contrasts with results for economies with a finite number of agents, which ...
Ideally, the social planner would like every innovation yielding social value greater than its
cost to be created. The natural solution to this problem, the principle of payment in
accordance with product advocated by Pigou (1920), would be to give each innovation a ...
Abstract: Scientists use diverse evidence to learn about the relative validity of various broad
theories. Given the lack of statistical structure in this scientific learning problem, techniques
of model selection and meta-analysis are not directly useful as quantitative guides. I use ...
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