Essays on Time-sensitive Markets

Essays on Time-sensitive Markets

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This dissertation presents both theoretical and empirical studies of time-sensitivity in a variety of markets. Time-sensitivity refers to the fact that the delay in delivering services or releasing products decreases their value. It consists of three essays. The first essay considers competition between providers who serve delay-sensitive customers, focusing on the effects of alternative delay-cost structures. The second essay studies the delay between theatrical and DVD releases for the motion pictures industry. The third essay empirically studies the effects of delays in the production of U.S. films and in their distribution overseas over the 2000-2006 period.A longer production lead time results in lower box office revenues because customersa#39; tastes change over time , the movie becomes less aquot;freshaquot; and competing products are released to the market. A similar effect is present when a moviea#39;sanbsp;...

Title:Essays on Time-sensitive Markets
Author:Maxim Afanasyev
Publisher:ProQuest - 2008


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