Rethinking the Roles of Banks: A Call for Narrow Banking (2008)
What services do bank depositors seek? Oz Shy and Rune Stenbacka argue that they often seek money storage and payment services, but they get much more than they bargain for.
Rethinking the Roles of Banks: A Call for Narrow Banking (2008)
What services do bank depositors seek? Oz Shy and Rune Stenbacka argue that they often seek money storage and payment services, but they get much more than they bargain for.
Rethinking the Roles of Banks: A Call for Narrow Banking (2008)
What services do bank depositors seek? Oz Shy and Rune Stenbacka argue that they often seek money storage and payment services, but they get much more than they bargain for.
Rethinking the Roles of Banks: A Call for Narrow Banking (2008)
What services do bank depositors seek? Oz Shy and Rune Stenbacka argue that they often seek money storage and payment services, but they get much more than they bargain for.
Albert Banal-estañol, Jo Seldeslachts, Heski Bar-isaac, Miguel Garcia-cestona, Rafael Hortala, Jos Jansen, ...
This paper proposes an explanation as to why some mergers fail, based on the interaction between the pre- and post-merger processes. We argue that failure may stem from informational asymmetries...
Copyright Enforcement in the Digital Era (2005)
We analyze how the introduction of digital technologies for storing and distributing information affects the incentives to enforce copyrights protection. We first characterize the conditions under...
Copyright protection and hardware taxation (2003)
Oz Shy, Oz Shy, Amit Gayer, Amit Gayer, Amit Gayer
Oz Shy ‡ University of Haifa This paper investigates the recently-practiced method of taxing hardware and transferring the proceeds to software makers, or artists in general. We demonstrate that...
The Market for Electronic Cash Cards (2002)
Journal of Money, Credit, and Banking - Volume 34, Number 2, May 2002
Trade restrictions that improve world welfare /--by Oz Shy. (1986)
Thesis (Ph. D.)--University of Minnesota, 1986.
Partial outsourcing, monitoring cost, and market structure
We investigate firms' outsourcing decisions when production requires a large number of inputs. The novelty of our approach is that it provides a testable framework to characterize the equilibrium...
Advance booking, cancellations, and partial refunds
We develop methods for calculating profit-maximizing and socially optimal rates of partial refunds on customers' no-shows and cancellations. We demonstrate how partial refunds can be used to screen...
We characterize the conditions under which industry-wide agreements on refund policies weaken price competition. We identify the conditions under which joint industry proffit increases with the...
Stock exchange alliances, access fees and competition
This paper investigates the market consequences of alliance formation among stock exchanges. These alliances enable brokers to match investors internationally at their local market, thereby...
Market Dominance and Behaviour-Based Pricing under Horizontal and Vertical Differentiation
Gehrig, Thomas, Shy, Oz, Stenbacka, Rune
We evaluate behaviour-based price discrimination from an antitrust perspective by focusing on an industry with inherited market dominance. Under horizontal differentiation behaviour-based pricing...
Planned Obsolescence as an Engine of Technological Progress.
Fishman, Arthur, Gandal, Neil, Shy, Oz
Critics of capitalism contend that many products are designed to have uneconomically short lives, with the intention of forcing consumers to repurchase too frequently. This phenomenon is commonly...
Exporting as a Signal for Product Quality.
I develop a dynamic asymmetric information model where a domestic producer is unable to commit to producing a high-quality product. The domestic producer then can signal to consumers that it is...
Network Structure and Entry, in the Deregulated Airline Industry
Joseph Berechman, Sougata Poddar, Oz Shy
We explore how an incumbent airline firm structures its route network under the threat of entry caused by deregulation. We show that entry induces the incumbent firm to strategically alter its flight...
Bundling and International Market Segmentation.
This paper shows how firms, by bundling their products with nontradables, may contribute to the segmentation of international oligopoly markets. The authors develop a simple example with two...
Technology Revolutions and the Gestation of New Technologies.
We formalize an explanation for technology revolutions and growth cycles in a model where consumers and firms benefit from periodic changes in technology which result in the development and marketing...
Relative Market Share, Leadership and Competition in Concentrated Banking Markets.
Arie Melnik, Oz Shy, Rune Stenbacka
For many years IO economists devoted attention to the size distributions’ of firms in a given industry. Most studies showed that the size distribution of firms in oligopolistic markets is highly...
A Strategic Approach to Software Protection*
Oz Shy, Jacques-Françlois Thisse
This paper demonstrates that there is a strategic reason why software firms have followed consumers' desire to drop software protection. We analyze software protection policies in a price-setting...
The paper presents a multi-product two-country overlapping generations model of trade and innovation. The authors show that for a low level of innovation (imitation) in the South, firms in the North...
Intra-industry Trade and the Variety of Home Products.
The authors provide a rigorous general equilibrium analysis of the welfare effects of international trade in the presence of differentiated home nontraded products as well as tradable products. They...
Code-sharing Agreements and Interconnections in Markets for International Flights
The paper investigates the consequences of code-sharing agreements among airline firms competing on international routes, where some passengers interconnect to flights originating or terminating at...
The Crowding-Out Effects of Long Duration of Patents
In this article we demonstrate how a long duration of patents affects investment in new product development. We construct an overlapping-generations model of saving, investment, and product...
Product Differentiation in the Presence of Positive and Negative Network Effects
Navon, Ami, Shy, Oz, Thisse, Jacques-François
Using two standard location models, we investigate price competition and divergence from optimal product differentiation when consumer preferences are influenced by the number of consumers purchasing...
The Market for Electronic Cash Cards.
We develop a theoretical framework aimed to model the pricing of electronic cash cards and the market domain in which these cards will be used in an environment where charge cards and currency (the...
The Market for Electronic Cash Cards
We develop a theoretical framework aimed to model the pricing of electronic money (electronic cash cards) and the market domain in which it will be used. We first calculate the fee structures of...
Market Structure and Risk Taking in the Banking Industry
This study demonstrates that the common view, whereby an increase in competition leads banks to increased risk taking, fails to hold in an environment where consumers can choose in which bank to make...
Price Competition, Business Hours and Shopping Time Flexibility
We analyse retail industries with two-stage competition in opening hours and prices. We explore the effects of consumers' shopping time flexibility by comparing bi-directional consumers with forward-...
Price Competition, Business Hours, and Shopping Time Flexibility
We analyze differentiated retail industries where shops engage in two-stage competition with respect to opening hours and prices. We explore the effects of consumers' shopping time flexibility by...
Dynamic Models of Religious Conformity and Conversion: Theory and Calibrations
This paper develops behavioral and deterministic overlapping generations models to explain and simulate changes in the proportion of secular and religious people. Under the behavioral approach, the...
Industrial Organization: Theory and Applications
This upper-level undergraduate text provides an introduction to industrial organization theory along with applications and nontechnical analyses of the legal system and antitrust laws. Using the...
Refunds and collusion in service industries
This paper investigates industry-wide agreements on joint refund policies, and how they influence price competition. We compute the profit of fully-colluding, competing, and semicolluding service...
Measuring the cost of making payment decisions
This short paper proposes a simple method of calibrating for the non-monetary costs associated with using different payment plans. These non-monetary costs often lead consumers to choose a flat-rate...
Why do card issuers charge proportional fees?
This paper explains why payment card companies charge consumers and merchants fees which are proportional to the transaction values instead of charging a fixed per-transaction fee. Our theory shows...
Market Structure and Risk Taking in the Banking Industry
risk taking in banking, market structure, bank competition, deposit insurance, G21, G28, E53,
Rethinking the Roles of Banks: A Call for Narrow Banking
What services do bank depositors seek? Oz Shy and Rune Stenbacka argue that they often seek money storage and payment services, but they get much more than they bargain for.
Real estate brokers and commission: theory and calibrations
The author constructs a theoretical model to examine the effects of an inherent conflict of interest between a seller of a house and the real estate broker hired by the seller. The model is then used...
Efficient organization of production: nested versus horizontal outsourcing
The authors characterize equilibrium and efficient modes of production by comparing nested (vertical) outsourcing with horizontal outsourcing. Nested outsourcing is found to be inefficient unless the...
Rethinking the Roles of Banks: A Call for Narrow Banking
What services do bank depositors seek? Oz Shy and Rune Stenbacka argue that they often seek money storage and payment services, but they get much more than they bargain for.