In our previous post, we explained that non-banks (Google, Apple, start-up companies) compete with banks to offer retail services, but that entry costs are high. What are the strategies used by entrants to overcome barriers to entry? These strategies differ for start-up companies and for large retailers or Internet giants. Strategies of start-ups When […]
Content types Archives: Series
Innovation and regulation in the retail banking industry
Over the recent years, several innovations have emerged on the retail banking market: mobile payments, Internet Banking, peer-to-peer lending platforms. These innovative services are often offered by “non-bank” entrants, i.e., firms that do not own a banking license. Several Internet Service Providers or even large retailers, like Apple, Starbucks or Google, have started to offer […]
Media Ecosystems: Economic issues and policy implications
By Olivier Bomsel 4 August 2014 0
This is the fourth and last post of a series on Media Ecosystems. The first post draws the outline of the series; the second post examines the production of mediatisation content through “publishing protocols”; the third post describes the specificities of the mediatisation of copyrighted goods and the changes brought by digitization. Economic issues The picture of the copyright industry […]
Media Ecosystems: A definition
By Olivier Bomsel 28 July 2014 0
This is the third post of a series on Media Ecosystems. The first post draws the outline of the series, while the second post examines the production of mediatisation content through “publishing protocols”. Media ecosystems The term ecosystem is primarily used in biology do designate a community of living organisms (plants, animals and microbes) in conjunction with […]
Media Ecosystems: advertising and publishing protocols
By Olivier Bomsel 18 July 2014 0
This is the second post of a series on Media Ecosystems. The first post draws the outline of the series. Advertising as a complementary good Since George Stigler’s paper on information costs (1961), the issue of advertising is widely discussed among economists. For many of them, advertising is a means to reduce consumer’s transaction costs […]
Media Ecosystems: Introduction
By Olivier Bomsel 14 July 2014 0
The economic theory introduces property rights as an institution aimed at internalising actions that are beneficial to society (Demsetz, 1967). It also depicts these rights as a means to set up transactions between right holders and other agents providing complementary goods and services. The previous consent rule arranges these transactions as a contractual chain stemming […]
Putting a price on privacy – but how?
By Eva-Maria Scholz 8 June 2014 1
This is the third part of a series that discusses the value of personal information in the digital economy. You can find the first and the second part here and here. This series of posts is motivated by the pricing model the telecommunications provider AT&T employs for its GigaPower broadband service. Just to recall, AT&T […]
Putting a price on privacy – an Introduction to the Economics of Privacy
By Eva-Maria Scholz 1 June 2014 17
This is the second part of a three-piece series that discusses the value of personal information in the digital economy. You can find the first part here. I started my previous post by asking how much you would be willing to pay in order to prevent your Internet provider from tracking and analysing your browsing […]
Putting a price on privacy – are there benefits to sharing private information?
By Eva-Maria Scholz 25 May 2014 40
How much would you be willing to pay in order to prevent your Internet provider from tracking and analysing your browsing history? According to AT&T, the Texas-based telecommunications provider, between $29 and $62 a month. Back in December 2013, the company launched its new GigaPower service, which from summer 2014 onward is supposed to deliver […]
Les plateformes MOOCs: menaces et opportunités pour l’enseignement universitaire
By Paul Belleflamme 17 February 2014 0
En quelques semaines seulement, l’Université catholique de Louvain (UCL) a vu près de 20.000 personnes s’inscrire à un de ses cours, intitulé Paradigms of Compter Programming; 15.000 autres se sont inscrites au cours International Human Rights et quelques milliers à deux autres cours. Ces inscriptions, ainsi que d’autres qui ne cessent d’arriver de jour en […]
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