Felix Oberholzer-Gee
Andreas Andresen Professor of Business Administration
Senior Associate Dean for International Development
Felix Oberholzer-Gee is the Andreas Andresen Professor of Business Administration in the Strategy Unit at Harvard Business School. A member of the faculty since 2003, Professor Oberholzer-Gee received his Masters degree, summa cum laude, and his Ph.D. in Economics from the University of Zurich. His first faculty position was at the Wharton School, University of Pennsylvania. He currently teaches competitive strategy in executive education programs such as the Program for Leadership Development, the Senior Executive Program for China, and in a program for media executives titled Effective Strategies for Media Companies. His course Strategies Beyond the Market is a popular elective class for second-year MBA students. Professor Oberholzer-Gee won numerous awards for excellence in teaching, including the Harvard Business School Class of 2006 Faculty Teaching Award for best teacher in the core curriculum, and the 2002 Helen Kardon Moss Anvil Award for best teacher in the Wharton MBA program. Prior to his academic career, Professor Oberholzer-Gee served as managing director of Symo Electronics, a Swiss-based process control company. Professor Oberholzer-Gee’s research and consulting are centered on competitive strategy, international competition, and non-market strategy, a branch of strategic management that studies how companies best work with government and non-governmental groups. In recent work, he studied how entertainment companies can successfully manage the digital transition. Dating back to a study abroad program as an undergraduate, Professor Oberholzer-Gee has a long-standing interest in the Chinese economy and Chinese companies. In recent academic work, he compared the financial performance of Chinese companies with the performance of multinationals operating in China. In a related study, he explored how and why Chinese companies diversify their activities. Professor Oberholzer-Gee’s academic work has been published in the very best, peer-reviewed journals of his profession, including the American Economic Review, Journal of Political Economy, Journal of Financial Economics, and Journal of Law & Economics. His work has been profiled by media outlets around the world, including ABC Nightly News, Financial Times, Guardian, Le Figaro, Neue Zürcher Zeitung, New York Times, Singapore Straits Times, Süddeutsche Zeitung, Wall Street Journal, and Washington Post.
-
Article
| Journal of Public Economics
|
Truth in Giving: Experimental Evidence on the Welfare Effects of Informed Giving to the Poor
Christina Fong and Felix Oberholzer-Gee
It is often difficult for donors to predict the value of charitable giving because they know little about the persons who receive their help. This concern is particularly acute when making contributions to organizations that serve heterogeneous populations. While we have considerable evidence that donors are more generous if they know their assistance benefits a preferred group, we know little about the demand for such information. To start closing this gap, we study transfers of income to real-world poor people in the context of dictator games. Our dictators can purchase signals about why the recipients are poor. We find that a third of the dictators are willing to pay a dollar to learn more about their recipient. Dictators who devote resources to acquiring information are individuals whose giving is particularly responsive to recipient type. They use the information mainly to withhold resources from "undeserving" types, leading to a drastic decline in aggregate transfers. With endogenous information about recipients, we find that all types of poor subjects are worse off. Our results suggest that the effects of "truth in giving" policies are highly responsive to recipient heterogeneity and biased against more generous giving.
Keywords: Giving and Philanthropy;
Policy;
Information;
Knowledge Acquisition;
Game Theory;
Prejudice and Bias;
Poverty;
Welfare or Wellbeing;
-
Article
| Boston University Law Review
|
Antitrust—What Role for Strategic Management Expertise?
Felix Oberholzer-Gee and Dennis A. Yao
Keywords: Strategy;
Management;
Experience and Expertise;
Law;
-
Article
| Review of Economics and Statistics
|
Friend or Foe? Cooperation and Learning in High-Stakes Games
Felix Oberholzer-Gee, Joel Waldfogel and Matthew White
Keywords: Cooperation;
Learning;
Games, Gaming, and Gambling;
-
Article
| Innovation Policy and the Economy
|
File Sharing and Copyright
Felix Oberholzer-Gee and Koleman Strumpf
Keywords: Copyright;
Technology;
-
Journal Article
| American Economic Review
|
Media Markets and Localism: Does Local News en Español Boost Hispanic Voter Turnout?
Felix Oberholzer-Gee and Joel Waldfogel
Since the dawn of broadcasting, and especially in the past decade, Americans have turned their attention from local to more distant sources of news and entertainment. While the integration of media markets will raise the private welfare of many consumers, critics of a globalized information and entertainment industry claim that transnational media undermine civic engagement, transforming locally engaged citizens into viewers consuming programming from distant sources. In response to such concerns, many regulatory agencies, including the Federal Communication Commission in the United States, curtail the integration of media markets to promote “localism.” To find the right balance between the private benefits of integrated markets and the public value of civic engagement, evidence on the size of the positive spillovers from local media is needed. To date, such evidence is scant. In this paper, we exploit the rapid growth of Hispanic communities in the United States to test whether the presence of local television news affects local civic behavior. Spanish-language local television news programming was available in 25 U.S. metro areas in 2002, up from only 14 areas in 1994. Our estimates indicate that Hispanic voter turnout increased by 5 to 10 percentage points, relative to non-Hispanic voter turnout, in markets where local Spanish-language television news became available. We conclude that the tradeoff between integrated media markets and civic engagement is real. The results of this study provide a basis for the continued pursuit of regulatory policies that promote localism.
Keywords: Voting;
Ethnicity Characteristics;
Local Range;
Governing Rules, Regulations, and Reforms;
Behavior;
Journalism and News Industry;
Media and Broadcasting Industry;
United States;
-
Journal Article
| B.E. Journal of Economic Analysis & Policy
|
Fairness in Extended Dictator-Game Experiments
Felix Oberholzer-Gee and Reiner Eichenberger
We test the robustness of behavior in dictator games by offering allocators the choice to play an unattractive lottery. With this lottery option, mean transfers from allocators to recipients substantially decline, partly because many allocators now keep the entire endowment for themselves (without playing the lottery). In our standard dictator game, the median transfer amounts to 41% of the dictators' endowment. Once the lottery option is present, the median transfer falls to zero. Introducing an additional unattractive choice thus leads subjects to violate the weak axiom of revealed preference (WARP).
Keywords: Decision Choices and Conditions;
Fairness;
Game Theory;
Risk and Uncertainty;
Behavior;
-
Article
| Journal of Economic Behavior & Organization
|
Nonemployment Stigma as Rational Herding: A Field Experiment
Felix Oberholzer-Gee
Long spells of unemployment are known to reduce the likelihood of re-employment, but it is difficult to discern the reasons for this observation. Using an experimental method that controls for search intensity and possible discouragement of job applicants, I document that job market opportunities for the nonemployed diminish rapidly over time. In this experiment, duration dependence is solely due to firm perceptions. Why do firms view long spells of nonemployment as negative signals? Rational herding is one important factor. Managers believe that unemployed applicants were previously interviewed, and if the applicants were productive, they would have been hired.
Keywords: Job Search;
Job Cuts and Outsourcing;
Employment;
Cognition and Thinking;
Perception;
Creativity;
Human Needs;
Job Interviews;
Selection and Staffing;
Recruitment;
Managerial Roles;
Judgments;
Employment Industry;
-
Journal Article
| Chinese Management Studies
|
Diversification of Chinese Companies: An International Comparison
Joseph P.H. Fan, Jun Huang, Felix Oberholzer-Gee, Troy D. Smith and Mengxin Zhao
The purpose of this paper is to provide a systematic comparison of the level of business diversification in China and eight other large economies for the 2001-2005 period. The reasons why publicly listed Chinese firms are more diversified than companies elsewhere are investigated.
Keywords: Business Ventures;
State Ownership;
Diversification;
China;
-
Article
| Journal of Political Economy
|
The Effect of File Sharing on Record Sales: An Empirical Analysis
Felix Oberholzer-Gee and Koleman Strumpf
Keywords: Technology;
Sales;
Theory;
-
Article
| MSI Reports: Working Paper Series
|
Superstars and Underdogs: An Examination of the Long Tail Phenomenon in Video Sales
Anita Elberse and Felix Oberholzer-Gee
Keywords: Media;
Sales;
-
Article
| Antitrust (American Bar Association)
|
Strategy Frameworks and Teaching Antitrust to Business Students
Felix Oberholzer-Gee and Dennis Yao
Keywords: Strategy;
Framework;
Teaching;
Business Education;
-
Article
| Journal of Financial Economics
|
Political Relationships, Global Financing and Corporate Transparency: Evidence from Indonesia
Christian Leuz and Felix Oberholzer-Gee
Keywords: Government and Politics;
Relationships;
Financing and Loans;
Business Ventures;
Indonesia;
-
Article
| Journal of Regulatory Economics
|
Information Regulation: Do the Victims of Externalities Pay Attention?
Felix Oberholzer-Gee and Miki Mitsunari
Keywords: Information;
Governing Rules, Regulations, and Reforms;
-
Article
| Kyklos
|
A Market for Time: Fairness and Efficiency in Waiting Lines
Felix Oberholzer-Gee
Keywords: Markets;
Fairness;
-
Article
| Journal of Law & Economics
|
Strength in Numbers: Group Size and Political Mobilization
Felix Oberholzer-Gee and Joel Waldfogel
Keywords: Groups and Teams;
Government and Politics;
-
Article
| New England Journal of Medicine
|
Merck's Recall of Rofecoxib: A Strategic Perspective
Felix Oberholzer-Gee and Noorein Inamdar
Keywords: Health;
Perspective;
Pharmaceutical Industry;
-
Article
| Transportation Research Part D: Transport and Environment
|
Pricing Road Use: Politico-economic and Fairness Considerations
Felix Oberholzer-Gee and Hannelore Weck-Hannemann
Keywords: Price;
Government and Politics;
Economics;
-
Article
| Journal of Political Economy
|
Endogenous Policy Decentralization: Testing the Central Tenet of Economic Federalism
Koleman Strumpf and Felix Oberholzer-Gee
Keywords: Policy;
Economics;
-
Article
| American Economic Review
|
The Cost of Price Incentives: An Empirical Analysis of Motivation Crowding-Out
Bruno S. Frey and Felix Oberholzer-Gee
Keywords: Cost;
Motivation and Incentives;
Theory;
-
Article
| Journal of Political Economy
|
The Old Lady Visits Your Backyard: A Tale of Morals and Markets
Bruno S. Frey, Felix Oberholzer-Gee and Reiner Eichenberger
Keywords: Moral Sensibility;
Markets;
-
Journal Article
| Journal of Policy Analysis and Management
|
Fair Siting Procedures - An Empirical Analysis of Their Importance and Characteristics
Felix Oberholzer-Gee and Bruno S. Frey
-
Working Paper
| HBS Working Paper Series
| 2012
No News Is Good News: CSR Strategy and Newspaper Coverage of Negative Firm Events
Jiao Luo, Stephan Meier and Felix Oberholzer-Gee
One of the benefits of Corporate Social Responsibility (CSR) programs, it has been argued, is that they build up a reservoir of public good will, shielding companies in times of trouble. In this paper, we test the view that CSR provides protection from public ire by analyzing the media's response to corporate crises. Our application is spills in the oil industry. We find the media far more likely to report accidents if they occur at a company with a superior CSR record. Rather than acting as an effective form of insurance, our results suggest that a strong CSR record can be a liability. Moreover, the tone of coverage is no less critical for organizations with a greener reputation. At the same time, firms with substantial past environmental problems are also more likely to find their corporate failings broadcast in the news. Companies hoping to minimize the risk of media attention to accidents need to be careful not to place their organizations at the very top or the very bottom of CSR rankings. This result has important implications for thinking about CSR and the privately optimal level of such activities.
Keywords: Corporate Social Responsibility and Impact;
Crisis Management;
Media;
Newspapers;
Business and Community Relations;
Corporate Strategy;
-
Working Paper
| HBS Working Paper Series
| 2012
Earnings Management from the Bottom Up: An Analysis of Managerial Incentives Below the CEO
Felix Oberholzer-Gee and Julie Wulf
Performance-based pay is an important instrument to align the interests of managers with the interests of shareholders. However, recent evidence suggests that high-powered incentives also provide managers with incentives to manipulate the firm's reported earnings. The previous literature has focused primarily on Chief Executive Officers, but managers further down in the firm hierarchy—division managers and Chief Financial Officers—are likely to have similar incentives, and perhaps even greater opportunity to influence reported earnings in a manner that maximizes these managers' personal income. Moreover, previous research focuses on equity incentives and largely ignores other elements of incentive pay. We contribute to this literature by analyzing all forms of incentive pay for several types of managerial positions and include additional measures of earnings manipulation—end-of-year excess sales and class action litigation—in addition to the standard measure of discretionary accounting accruals. We find that the association between high-powered incentives and earnings manipulation varies by both type of incentive pay and position. Our findings have important policy implications and suggest that compensation committees should review pay policies of other managerial positions in addition to CEOs. Importantly, if the committees wanted to weaken incentive pay to get more truthful reporting, diluting the CFO's bonus and stock options would be one place to start.
Keywords: Compensation and Benefits;
Interests;
Business and Shareholder Relations;
Motivation and Incentives;
Earnings Management;
Performance Evaluation;
Stock Options;
-
Working Paper
| HBS Working Paper Series
| 2007
The Speed of New Ideas: Trust, Institutions and the Diffusion of New Products
Felix Oberholzer-Gee and Victor Calanog
-
Working Paper
| HBS Working Paper Series
| 2006
Superstars and Underdogs: An Examination of the Long Tail Phenomenon in Video Sales
Anita Elberse and Felix Oberholzer-Gee
-
Course Overview Note
|
2012
FIELD 2- Working with Global Partners
Felix Oberholzer-Gee
Most FIELD 2 teams develop great working relationships with their Global Partner. But managing Global Partner expectations can be challenging. This note describes three scenarios with which FIELD teams struggled in the past and asks the reader to make decisions about how to respond in each situation.
Keywords: fieldwork;
partnerships;
global;
collaboration;
global business;
global collaboration;
Partners and Partnerships;
Citation: Oberholzer-Gee, Felix. "FIELD 2- Working with Global Partners." Harvard Business School Course Overview Note 713-443, October 2012.
-
Case
| HBS Case Collection
|
2012
Doing Business in Turkey
Felix Oberholzer-Gee, Robin J. Ely, Daniela Beyersdorfer and Emilie Billaud
In a rather flat international business environment characterized by shrinking markets and economic turmoil, Turkey promoted itself as one of the safe havens for investments. Led by the strong domestic demand of a young population, the country had tripled its GDP between 2002 and 2011, and had kept growing by 8.6% in 2011. Thanks to its central location "between the East and the West" and its access to 1.5 billion customers in its region, as well as to its "healthy" state of public finances and reduced government debt, Turkey had by 2012 become the 13th most attractive investment country in the world. As a result, many foreign companies considered setting up shop in Turkey, weighing whether the opportunities would outweigh the difficulties that doing business in emerging markets sometimes brought with it, such as a an unpredictable regulatory and tax environment or the presence of a large informal sector. London-based beverages firm Diageo had been facing that same debate in February 2011 when it had to decide whether or not to buy Turkey's leading spirits producer and distributor Mey Icki. The deal would establish Diageo as a leading industry player, but it also bore risks. The case describes Turkey's economy, history, political context, and its business culture, and discusses some of the key opportunities and challenges for foreign players in the Turkish market.
Keywords: emerging market finance;
emergent countries;
strategy;
business history;
Economic History;
fieldwork;
Emerging Markets;
Business Ventures;
Strategy;
Turkey;
Citation: Oberholzer-Gee, Felix, Robin J. Ely, Daniela Beyersdorfer, and Emilie Billaud. "Doing Business in Turkey." Harvard Business School Case 713-433, September 2012.
-
Case
| HBS Case Collection
|
2012
Doing Business in Ghana
Felix Oberholzer-Gee and Elena Corsi
An entrepreneur considered investing in tomato paste manufacturing in Ghana, an emerging economy, and pondered the opportunities and challenges of investing here. Ghana's economy had been growing over the last decade, reaching a peak of 14.4% growth rate in 2011. Now a low middle-income country of the Sub-Saharan region, it was also known for its stable political situation. The country offered several business opportunities. Nevertheless, it was still not that easy to set up and manage a business in Ghana, compared to Western countries. The entrepreneur had decided to invest in tomato paste production. Ghana was the second largest consumer of tomato paste in the world in per capita terms, but imported most of its tomato paste, despite the country produced tomatoes. In addition, its neighboring country Nigeria was also a strong consumer, and importer, of tomato paste. The case describes Ghana’s economy, its political context, and its business culture as well as the main opportunities Ghana offered and the main challenges entrepreneurs faced when doing business in Ghana. It also describes in more detail Ghana's tomato paste industry and the challenges the entrepreneur would face while setting up her own plant.
Keywords: emergent countries;
emerging markets;
strategy;
opportunity cost;
Emerging Markets;
Agriculture and Agribusiness Industry;
Ghana;
Citation: Oberholzer-Gee, Felix, and Elena Corsi. "Doing Business in Ghana." Harvard Business School Case 713-429, September 2012.
-
Case
| HBS Case Collection
|
2012
Ringier - Building a Digital-Age Media Company
Felix Oberholzer-Gee
Overview of the strategic re-orientation and diversification of Ringier, a Swiss based media company, as they confront the challenges of staying competitive and profitable in the new and increasingly digital media landscape.
Keywords: media;
media and publishing;
publishing;
diversification;
Media;
Organizational Structure;
Strategy;
Diversification;
Publishing Industry;
Media and Broadcasting Industry;
Switzerland;
-
Case
| HBS Case Collection
|
2013
(Revised from original 2012 version)
The New York Times Paywall
Vineet Kumar, Bharat Anand, Sunil Gupta and Felix Oberholzer-Gee
On March 28, 2011, The New York Times website became a restricted site where most of the content was protected behind a "paywall." Users who exceeded the limit of 20 free articles per month were required to pay for either a digital or print subscription. The newspaper industry had been suffering from revenue declines over the past decade, and the transition to digital media was difficult to navigate. Revenues from online advertising were not sufficient to replace the loss of print revenue, and many publishers had explored charging readers for content, with mixed success, where specialized sources like The Wall Street Journal were successfully using the model, but several other general news sites had failed. Newspapers and content creators in general were very interested in understanding whether transitioning to the paywall at the most popular news website would succeed, and whether it could become a blueprint for future success as a sustainable business model. There were several difficult issues to examine in determining the digital strategy for The Times. Would consumers remain as engaged with a site protected by a paywall? Would advertisers react positively to such a move that walled off readers? Would readers value both the print and digital versions of the content, or would it become necessary to create new content? The Times had several choices in designing the paywall, including determining the digital content, pricing, as well as how to interface with readers of secondary news websites like blogs that posted links to news articles. Should they design a "leaky" paywall where determined users could easily slip through, or a "bulletproof" paywall like the Financial Times had done, where users had to pay before they could access any content? What choices would provide the foundation for a successful business model?
Keywords: Newspapers;
Strategy;
Journalism and News Industry;
Publishing Industry;
Citation: Kumar, Vineet, Bharat Anand, Sunil Gupta, and Felix Oberholzer-Gee. " The New York Times Paywall." Harvard Business School Case 512-077, January 2013. (Revised from original February 2012 version.)
-
Teaching Note
| HBS Case Collection
|
2012
Alibaba's Taobao (TN) (A) & (B)
Felix Oberholzer-Gee and Julie M. Wulf
-
Case
| HBS Case Collection
|
2012
Calvin Klein and Warnaco Group: Negotiating a Trademark License
Susan Fournier, Felix Oberholzer-Gee, William W. Fisher III and Robert Mnookin
Keywords: Trademarks;
Negotiation;
Apparel and Accessories Industry;
Citation: Fournier, Susan, Felix Oberholzer-Gee, William W. Fisher III, and Robert Mnookin. "Calvin Klein and Warnaco Group: Negotiating a Trademark License." Harvard Business School Case 712-458, January 2012.
-
Other Teaching and Training Material
| 2011
Immersion Experience Program Note: Brazil
Aldo Musacchio, Thales S. Teixeira, Stephanie Galloway, Cassie Bordeau and Felix Oberholzer-Gee
Companies visited: Allied Advanced Technologies, BrasilAgro, Clearsale, Dafiti.com.br, Globo, Groupon Brazil, Insper, JGP Investimentos, LIGHT, Maracana Stadium, Petrobras S.A., Vale S.A.
Keywords: Brazil;
Citation: Musacchio, Aldo, Thales S. Teixeira, Stephanie Galloway, Cassie Bordeau, and Felix Oberholzer-Gee. "Immersion Experience Program Note: Brazil." Harvard Business School Publishing, 2011.
-
Case
| HBS Case Collection
|
2011
(Revised from original 2011 version)
Horizon Blue Cross Blue Shield of New Jersey - Managing in the Shadow of Health Care Reform
Felix Oberholzer-Gee, Raffaella Sadun and Richard G. Hamermesh
Per the Patient Protection and Affordable Care Act (PPACA), which President Obama signed in 2010, states would be required to create state-wide health insurance marketplaces - the Health Benefit Exchanges (HBEs) - in which individuals and small employers could choose from a set of easy-to-compare, tightly regulated health plans. This case explores how Horizon Blue Cross Blue Shield of New Jersey would have to decide whether and how to compete in New Jersey's HBEs.
Keywords: Insurance;
Health Care and Treatment;
Governing Rules, Regulations, and Reforms;
Emerging Markets;
Risk and Uncertainty;
Health Industry;
Insurance Industry;
New Jersey;
-
Case
| HBS Case Collection
|
2010
(Revised from original 2010 version)
The Economist
Felix Oberholzer-Gee, Bharat N. Anand and Lizzie Gomez
In 2009 the Economist continued to experience impressive growth and operating margins while many of its peers reeled from both a cyclical downturn and structural threats to print publishing. The case describes the history, organization, and business model of the Economist, and describes three issues confronting Andrew Rashbass, the group's chief executive: first, reevaluating the magazine's digital strategy; second, preparing for e-readers; and, third, positioning the company to exploit what the Economist described as an era of "Mass Intelligence" where more readers sought out sophisticated and challenging information sources.
Keywords: Business Model;
Journals and Magazines;
Growth and Development Strategy;
Strategic Planning;
Competitive Strategy;
Online Technology;
Publishing Industry;
United Kingdom;
Citation: Oberholzer-Gee, Felix, Bharat N. Anand, and Lizzie Gomez. " The Economist." Harvard Business School Case 710-441, July 2010. (Revised from original March 2010 version.)
-
Case
| HBS Case Collection
|
2009
(Revised from original 2009 version)
Alibaba's Taobao (A)
Felix Oberholzer-Gee and Julie M. Wulf
Examines the decision of Alibaba Group to diversify from an international business-to-business (B2B) exchange (Alibaba.com) into a B2C and C2C exchange (Taobao.com) for Chinese retailers and consumers. In China, Taobao had managed to displace the once dominant eBay, the world's largest consumer marketplace. However, the company had little revenue because it offered services free of charge.
Keywords: Business Model;
Demand and Consumers;
Market Transactions;
Service Operations;
Diversification;
Web;
China;
Citation: Oberholzer-Gee, Felix, and Julie M. Wulf. " Alibaba's Taobao (A)." Harvard Business School Case 709-456, July 2009. (Revised from original January 2009 version.)
-
Supplement
| HBS Case Collection
|
2009
(Revised from original 2009 version)
Alibaba's Taobao (B)
Felix Oberholzer-Gee and Julie M. Wulf
Citation: Oberholzer-Gee, Felix, and Julie M. Wulf. " Alibaba's Taobao (B)." Harvard Business School Supplement 709-457, July 2009. (Revised from original January 2009 version.)
-
Case
| HBS Case Collection
|
2007
(Revised from original 2005 version)
Canyon Johnson Urban Fund
Felix Oberholzer-Gee and Alexa Arena
Basketball star Earvin "Magic" Johnson and K. Robert Turner, managing partner of Canyon Johnson Urban Fund (CJUF), raised $271.7 million for investments in urban real estate. The fund considered two projects, both located in Hollywood, CA. The first was located on Hollywood and Highland. Proposed by a reputable developer who wanted to restore Hollywood and Highland to its former glory, the development included a 640,000 square-foot retail complex, a hotel, and the Kodak Theatre, the future home of the Academy Awards. The second project was a mixed-use development, located on Sunset and Vine. This property had suffered a bad run of previous development attempts, and the community had been highly critical of past projects, feeling high rental prices would lock local residents and businesses out of the market. Hollywood and Highland or Sunset and Vine? Turner planned to make his decision soon. Details the economics of both projects.
Keywords: Investment;
Projects;
Business and Government Relations;
Public Opinion;
Urban Development;
Real Estate Industry;
Los Angeles;
Citation: Oberholzer-Gee, Felix, and Alexa Arena. " Canyon Johnson Urban Fund." Harvard Business School Case 706-442, September 2007. (Revised from original December 2005 version.)
-
Case
| HBS Case Collection
|
2007
Metro International S.A.
Tarun Khanna, Felix Oberholzer-Gee, Vincent Marie Dessain, Ane Damgaard Jensen and Anders Sjoman
Explores the business model of Metro International, a company publishing 70 editions of its free newspaper in 20 countries. Metro had been a pioneer in the free newspaper market, fighting incumbent publishers distributing traditional paid-for newspapers. Looks at the decision facing top management of Metro International in 2007 regarding the future strategy of the company. The company had become profitable after years of losses, but other problems had surfaced; competition had increased heavily in many markets and advertising--the free newspapers only source of income--was quickly shifting from newspapers to the Internet. Spain was a particular case in point. What had Metro International learned from experiences elsewhere on the globe and would they allow the company to make the Spanish unit profitable? What strategy should the Spanish country manager adopt?
Keywords: Business Model;
Business Strategy;
Competitive Strategy;
Online Advertising;
Advertising;
Expansion;
Globalized Firms and Management;
Journalism and News Industry;
Spain;
Citation: Khanna, Tarun, Felix Oberholzer-Gee, Vincent Marie Dessain, Ane Damgaard Jensen, and Anders Sjoman. " Metro International S.A." Harvard Business School Case 708-429, September 2007.
-
Case
| HBS Case Collection
|
2007
(Revised from original 2007 version)
Lobbying for Love? Southwest Airlines and the Wright Amendment
Felix Oberholzer-Gee, Dennis A. Yao, Libby Cantrill and Patricia Wu
The fall of 2004 brought exciting news to Love Field, the Texas headquarters of Southwest Airlines. Delta Airlines, one of Southwest's main competitors, had announced that it would dramatically decrease service from the nearby Dallas/Fort Worth International (DFW) airport, cutting the number of daily flights from 250 to a mere 21. Gary Kelly, Southwest's newly minted CEO, thought about what appeared to be a golden opportunity. How could Southwest best capitalize on Delta's withdrawal? As Kelly saw it, Southwest had several options to pursue the new business opportunities. A first was to service the canceled Delta routes from Love Field. A second possibility was to encourage members of Congress to repeal the Wright Amendment, which limited Southwest's flight offerings from Love Field. An alternative to fighting for the repeal of the Wright Amendment was for Southwest to lease the 18 gates that Delta had left at DFW. Kelly carefully considered his options. Was now the time to call his lobbyist?
Keywords: Governing Rules, Regulations, and Reforms;
Government Legislation;
Business and Government Relations;
Opportunities;
Competitive Advantage;
Air Transportation Industry;
Texas;
-
Case
| HBS Case Collection
|
2007
(Revised from original 2007 version)
Clear Channel Communications, Inc.
Felix Oberholzer-Gee and Carole Winkler
Discusses the rise of Clear Channel Communications, Inc. (CC) as the most important radio broadcasting company in the United States. While CC can look back on a glorious past, it faces a multitude of business issues: radio listenership is in decline, media deregulation has come to a halt, and the company's public image is less than favorable.
Keywords: History;
Media;
Performance Effectiveness;
Public Opinion;
Business and Government Relations;
Media and Broadcasting Industry;
United States;
Citation: Oberholzer-Gee, Felix, and Carole Winkler. " Clear Channel Communications, Inc." Harvard Business School Case 707-523, July 2007. (Revised from original January 2007 version.)
-
Case
| HBS Case Collection
|
2007
(Revised from original 2005 version)
Apollo Hospitals--First-World Health Care at Emerging-Market Prices
Felix Oberholzer-Gee, Tarun Khanna and Carin-Isabel Knoop
The Apollo Hospitals Group, one of Asia's premier health care organizations, had come to rival the best health care organizations on the globe. Apollo offered advanced medical procedures, such as cardiac surgery using the beating heart technique, at very high levels of quality but at a fraction of the cost of hospitals in the West. Apollo's managers must decide how best to capitalize on the group's remarkable medical capabilities. One option was to bet on global medical tourism by trying to attract patients from Asia and worldwide needing advanced medical procedures. Thailand had set the example for medical tourism and attracted more than one million patients a year, most of them undergoing plastic surgery. Another option Apollo considered was to build and manage hospitals abroad.
-
Case
| HBS Case Collection
|
2007
Free the Grapes--Direct-to-Consumer Shipping in the Wine Industry
Felix Oberholzer-Gee, Dennis A. Yao, Patricia Wu and Libby Cantrill
While wine tourism in the United States was booming, the majority of consumers who tasted a Cabernet Sauvignon in one of Napa Valley's tasting rooms were not permitted to ship the wine directly to their home. In 2002, direct-to-consumer shipping was either banned or overly cumbersome in 37 states. W. Reed Foster, president of the Coalition for Free Trade, was determined to remove these obstacles. Would he be able to free the grapes?
Keywords: Business Conglomerates;
Governing Rules, Regulations, and Reforms;
Lawsuits and Litigation;
Agreements and Arrangements;
Business and Government Relations;
Corporate Strategy;
Food and Beverage Industry;
United States;
-
Background Note
| HBS Case Collection
|
2007
(Revised from original 2007 version)
Note on Lobbying
Felix Oberholzer-Gee, Libby Cantrill and Patricia Wu
Describes how companies engage the political and legal system and the rules and ethics associated with doing so. Focuses on the U.S. political and legal system, but also seeks to familiarize readers with lobbying norms and structures in the European Union and Japan.
Keywords: Business and Government Relations;
Ethics;
Labor Unions;
Public Administration Industry;
Legal Services Industry;
United States;
Japan;
European Union;
Citation: Oberholzer-Gee, Felix, Libby Cantrill, and Patricia Wu. " Note on Lobbying." Harvard Business School Background Note 707-471, April 2007. (Revised from original January 2007 version.)
-
Supplement
| HBS Case Collection
|
2007
Dataset for "Clear Channel Communications, Inc." (CW)
Felix Oberholzer-Gee
Keywords: Media;
Entertainment;
Media and Broadcasting Industry;
-
Supplement
| HBS Case Collection
|
2007
Lobbying for Love? Southwest Airlines and the Wright Amendments (CW)
Felix Oberholzer-Gee
Keywords: Air Transportation;
Law;
Air Transportation Industry;
-
Supplement
| HBS Case Collection
|
2007
Dataset for "Wal-Mart's Business Environment"
Felix Oberholzer-Gee
Keywords: Consumer Products Industry;
-
Teaching Note
| HBS Case Collection
|
2007
Bloemenveiling Aalsmeer (TN)
Felix Oberholzer-Gee
Teaching note to 706441.
Keywords: Netherlands;
-
Teaching Note
| HBS Case Collection
|
2007
Lobbying for Love? Southwest Airlines and the Wright Amendment (TN)
Felix Oberholzer-Gee
Teaching note to 707470.
Keywords: Business Headquarters;
Competition;
Opportunities;
Law;
Business and Government Relations;
Air Transportation Industry;
Texas;
-
Case
| HBS Case Collection
|
2007
(Revised from original 2006 version)
Production I.G: Challenging the Status Quo
Andrei Hagiu, Tarun Khanna, Felix Oberholzer-Gee, Masako Egawa and Chisato Toyama
In July 2006, Mitsuhisa Ishikawa wondered how he could further enhance the success and visibility of his animation production company headquartered in Tokyo, Production I.G. For the year ended May 2006, Production I.G. had sales of 5,439 million yen ($47.3 million), operating profit of 404 million yen ($3.5 million), and 184 employees. Its recent film Innocence: Ghost in the Shell 2 competed at Cannes Film Festival in 2004, and the company had gone public in December 2005. These were no small accomplishments for a Japanese animation production company. Indeed, despite the global success of Japanese animation, the industry was fragmented with about 430 animation production companies and dominated by distributors--TV stations, movie distributors, DVD distributors and advertising agencies, which held the lion's share of content copyrights. Distributors controlled the funding and contracted the production out to animation production companies. As a result, most of the latter were small companies laboring in obscurity. As such, no Japanese animation production company came even close to the size of Walt Disney Co.: in 2005 Disney had revenues of $32 billion, whereas Toei Animation, the largest animation production company in Japan, had revenue of only 21 billion yen ($175 million). To Ishikawa's mind, one of the key decisions concerned the mix of the "contents garden" that his company should aspire to. Should he increase the share of animation productions based on manga (comics and print cartoons) relative to original-productions (i.e. animation stories created entirely by Production I.G.)?
Keywords: Business Growth and Maturation;
Competitive Advantage;
Markets;
Animation Entertainment;
Going Public;
Growth and Development Strategy;
Motion Pictures and Video Industry;
Tokyo;
Citation: Hagiu, Andrei, Tarun Khanna, Felix Oberholzer-Gee, Masako Egawa, and Chisato Toyama. " Production I.G: Challenging the Status Quo." Harvard Business School Case 707-454, March 2007. (Revised from original October 2006 version.)
-
Teaching Note
| HBS Case Collection
|
2007
Canyon Johnson Urban Fund (TN)
Felix Oberholzer-Gee
Teaching note to 706442.
Keywords: Partners and Partnerships;
Investment;
Projects;
Urban Development;
Business and Community Relations;
Price;
Economics;
Financial Services Industry;
Los Angeles;
-
Teaching Note
| HBS Case Collection
|
2007
UBS and Climate Change--Warming Up to Global Action?
Felix Oberholzer-Gee
Teaching note to 707511.
Keywords: Financial Services Industry;
-
Teaching Note
| HBS Case Collection
|
2007
Lifan Group: Automobile Production in China (TN)
Felix Oberholzer-Gee
Keywords: Production;
Auto Industry;
China;
Citation: Oberholzer-Gee, Felix. "Lifan Group: Automobile Production in China (TN)." Harvard Business School Teaching Note 707-539, March 2007.
-
Teaching Note
| HBS Case Collection
|
2007
eDonkey--Deciding the Future of File Sharing (TN)
Felix Oberholzer-Gee
Teaching note to 707482.
Keywords: Technology Industry;
-
Teaching Note
| HBS Case Collection
|
2007
Clear Channel Communications, Inc. (TN)
Felix Oberholzer-Gee
Teaching note to 707523.
Keywords: Governing Rules, Regulations, and Reforms;
Entertainment;
Reputation;
Media and Broadcasting Industry;
United States;
-
Background Note
| HBS Case Collection
|
2007
(Revised from original 2005 version)
Game Theory and Business Strategy
Felix Oberholzer-Gee and Dennis A. Yao
Provides a brief introduction to the application of game theory to business settings. Sets up and analyzes a minicase involving commitment.
Keywords: Game Theory;
Trust;
Business Strategy;
Citation: Oberholzer-Gee, Felix, and Dennis A. Yao. " Game Theory and Business Strategy." Harvard Business School Background Note 705-471, March 2007. (Revised from original January 2005 version.)
-
Case
| HBS Case Collection
|
2007
(Revised from original 2006 version)
eDonkey--Deciding the Future of File Sharing
Felix Oberholzer-Gee
Sam Yagan, CEO of the upstart MetaMachine, Inc., received a letter from the Recording Industry Association of America, Inc. (RIAA) asking him to shut down eDonkey, MetaMachine's popular file-sharing system. In September 2005, more than 30 million users relied on eDonkey to share digital files, making MetaMachine's software the most popular file-sharing client in the world. But now the end seemed close. Was there a way to save eDonkey? Was it time for Yagan to get out? He had little time to figure out his next move.
Keywords: Software;
Crisis Management;
Music Entertainment;
Legal Liability;
Copyright;
Information Technology Industry;
Music Industry;
United States;
-
Teaching Note
| HBS Case Collection
|
2007
Amgen Inc.'s Epogen-Commercializing the First Biotech Blockbuster Drug (TN)
Felix Oberholzer-Gee
Teaching note to 706454.
-
Teaching Note
| HBS Case Collection
|
2007
Wal-Mart's Business Environment (TN)
Felix Oberholzer-Gee
Teaching note to 706453.
Keywords: Retail Industry;
California;
-
Course Overview Note
|
2007
Strategies Beyond the Market--Course Note for Instructors
Felix Oberholzer-Gee and Dennis A. Yao
Keywords: Business Strategy;
Corporate Strategy;
-
Case
| HBS Case Collection
|
2007
(Revised from original 2005 version)
Brighter Smiles for the Masses--Colgate vs. P&G
Felix Oberholzer-Gee, Dennis A. Yao and Filipa Jorge
In 2000, Procter & Gamble Co. introduced Crest Whitestrips, a new, revolutionary product that allowed consumers to whiten their teeth at home. With Whitestrips, P&G created an entire new category in oral care, worth $460 million in 2002. Whitestrips sent P&G's main competitor in oral care, Colgate Palmolive Co., scrambling because several patents protected the strips, making it difficult for Colgate to copy the invention. But in September 2002, the tables turned. Colgate introduced Simply White, a favorably priced whitening product that consumers could simply paint on their teeth. One month after its introduction, Simply White had captured one half of the market, and Crest Whitestrips lost more than 50% of its share. However, P&G's tests of Simply White indicated that Colgate's new product was largely ineffective. Had Colgate just committed a major strategic blunder by introducing a product that did not work? And, if so, how could P&G best take advantage of the situation?
Keywords: Competitive Advantage;
Competitive Strategy;
Advertising;
Product Launch;
Patents;
Price;
Performance Effectiveness;
Consumer Products Industry;
-
Teaching Note
| HBS Case Collection
|
2013
(Revised from original 2007 version)
Goodyear and the Threat of Government Tire Grading (TN)
Felix Oberholzer-Gee and Dennis Yao
Teaching note to 707494.
Keywords: Rubber Industry;
United States;
-
Teaching Note
| HBS Case Collection
|
2007
Brighter Smiles for the Masses--Colgate vs. P&G (TN)
Felix Oberholzer-Gee
Teaching note to 706435.
Keywords: Consumer Products Industry;
-
Teaching Note
| HBS Case Collection
|
2007
Red Flag Software Co. (TN)
Felix Oberholzer-Gee
Teaching note to 706428.
Keywords: Technology Industry;
China;
United States;
-
Case
| HBS Case Collection
|
2007
(Revised from original 2006 version)
Goodyear and the Threat of Government Tire Grading
Felix Oberholzer-Gee, Dennis A. Yao and Elizabeth Raabe
In the spring of 1977, Goodyear CEO Charles J. Pilliod Jr. was looking at an internal report on government and legal events relevant to the tire industry. Two items caught his attention. First, he noticed that an industry suit to block the government's proposed system to rate tires on tread wear, traction, and temperature resistance had been rebuffed by a U.S. appeals court. Although the court found fault with the government's proposals, the ruling could mean that the tire grading system was close to becoming a reality. Second, Joan Claybrook, a former Nader consumer interest group lobbyist, had just become head of the National Highway Traffic Safety Administration, the agency within the government that was in charge of producing the rating system. Pilliod wondered if the regulatory events might affect Goodyear's ability to maintain its world leadership in the tire industry.
Keywords: Competitive Advantage;
Lawsuits and Litigation;
Auto Industry;
Rubber Industry;
United States;
-
Case
| HBS Case Collection
|
2007
(Revised from original 2006 version)
Lifan Group - Automobile Production in China
Felix Oberholzer-Gee, Tarun Khanna and Elizabeth Raabe
Lifan Group, one of China's premier motorcycle companies, considers entering automobile production. The company plans to assemble a midsize sedan, hoping it will be able to sell this car to affluent families in China and to export it. Domestic demand for cars is growing rapidly in China, but car prices have been falling, at times quite dramatically. Allows analysis and discussion of Lifan's decision.
Keywords: Product Development;
Decision Making;
Demand and Consumers;
Price;
Auto Industry;
Manufacturing Industry;
China;
Citation: Oberholzer-Gee, Felix, Tarun Khanna, and Elizabeth Raabe. "Lifan Group - Automobile Production in China." Harvard Business School Case 707-443, March 2007. (Revised from original November 2006 version.)
-
Case
| HBS Case Collection
|
2007
(Revised from original 2007 version)
UBS and Climate Change--Warming Up to Global Action?
Felix Oberholzer-Gee, Forest L. Reinhardt and Elizabeth Raabe
Marco Suter, Executive Vice-Chairman, UBS Board of Directors, carefully studied the chart on his desk. It showed the public commitment of major financial institutions to help mitigate global warming. Evidently, UBS lagged behind its competitors. The graph was part of a report that environmental specialists and senior executives at UBS had compiled. It suggested the company adopt a more progressive policy on climate change. Suter thought about the options that the working group had generated. These ranged from stabilizing the company's current carbon emissions to complete carbon neutrality. The UBS Corporate Responsibility Committee would meet early next week. Suter wondered which option he should support.
Keywords: Weather and Climate Change;
Energy Conservation;
Cost vs Benefits;
Law;
Financial Institutions;
Environmental Sustainability;
Corporate Accountability;
Financial Services Industry;
-
Case
| HBS Case Collection
|
2007
(Revised from original 2005 version)
Red Flag Software Co.
Felix Oberholzer-Gee, Tarun Khanna, David Lane and Elizabeth Raabe
In 2005, just five years after its formal launch, Beijing-based Red Flag Software was the world's second-largest distributor of the Linux operating system and was expecting its first annual profit. On a unit basis, Red Flag led the world in desktops (PCs) shipped with Linux and was No. 4 in installed servers. On a revenue basis, Red Flag was fourth overall. Within China, Red Flag held just over half of the Linux market and ran key applications for the postal system, large state-owned enterprises, and more than a million PCs. The Chinese government supported Linux as an alternative to Microsoft's Windows operating system to avoid royalty payments to foreign firms and dependence on foreign technology. Even so, Red Flag President Chris Zhao felt the same pressure many start-ups faced: How could Red Flag compete against a giant like Microsoft? And what competitive advantages could Zhao bring to bear against an experienced Linux veteran like Red Hat, a U.S.-based software company that had just announced its plan to invest to capture market share in China? Zhao worried that government support would evaporate if Red Flag performed poorly.
Keywords: Technology Platform;
Competitive Advantage;
Software;
Business Startups;
Globalized Markets and Industries;
Information Technology Industry;
Distribution Industry;
Beijing;
United States;
Citation: Oberholzer-Gee, Felix, Tarun Khanna, David Lane, and Elizabeth Raabe. " Red Flag Software Co." Harvard Business School Case 706-428, February 2007. (Revised from original October 2005 version.)
-
Case
| HBS Case Collection
|
2006
(Revised from original 2006 version)
Wal-Mart's Business Environment
Felix Oberholzer-Gee
In 2004, Wal-Mart Stores, Inc. proposed to build a new supercenter in Inglewood, a low-income community near Los Angeles. The proposal was a part of Wal-Mart's strategy to bring its supercenter format to California. Introduced in the late 1980s, supercenters added a full line of groceries and specialty departments to Wal-Mart's traditional assortment of general merchandise. Wal-Mart's planned entry into California caused problems even before the discounter opened a single supercenter. To compete with Wal-Mart, supermarkets in California cut grocery workers' health benefits and wages. The unions ordered a strike against the supermarkets. The labor unrest lasted five months and involved 70,000 workers. In the meantime, Inglewood's city council rejected Wal-Mart's request to build a supercenter. The retailer took its expansion plans directly to the voters of Inglewood. With the help of the California initiative process, Wal-Mart forced a public vote on the proposed 60-acre development. Will Inglewood's voters dampen the shine of "America's most admired company?"
Keywords: Goals and Objectives;
Expansion;
Market Entry and Exit;
Corporate Strategy;
Labor Unions;
Conflict and Resolution;
Retail Industry;
Los Angeles;
Citation: Oberholzer-Gee, Felix. " Wal-Mart's Business Environment." Harvard Business School Case 706-453, December 2006. (Revised from original January 2006 version.)
-
Teaching Note
| HBS Case Collection
|
2006
TCL Multimedia (TN)
Tarun Khanna and Felix Oberholzer-Gee
Teaching Note for 705502.
Keywords: Electronics Industry;
China;
Citation: Khanna, Tarun, and Felix Oberholzer-Gee. " TCL Multimedia (TN)." Harvard Business School Teaching Note 707-440, September 2006.
-
Case
| HBS Case Collection
|
2006
(Revised from original 2005 version)
Amgen Inc.'s Epogen--Commercializing the First Biotech Blockbuster Drug
Felix Oberholzer-Gee and Dennis A. Yao
Amgen Inc.'s Epogen was the first biotech blockbuster drug. Epogen helped prevent anemia, a condition that leads to severe fatigue, increased risk of cardiovascular disease, and even death. At the time, the market for Epogen, which included dialysis patients and persons with cancer undergoing chemotherapy, was estimated to be a $1 billion opportunity. After a critical scientific breakthrough, which allowed Amgen to identify the EPO gene, the company applied for a number of patents to protect its achievement. However, much to its surprise, Amgen learned that EPO had already been patented. Genetics Institute, the holder of the patent, demanded a royalty-free cross-license. Amgen's manager needed to decide how best to compete with its rival.
Keywords: Health Care and Treatment;
Strategic Planning;
Competition;
Patents;
Innovation and Invention;
Pharmaceutical Industry;
Biotechnology Industry;
United States;
-
Case
| HBS Case Collection
|
2006
(Revised from original 2005 version)
Bloemenveiling Aalsmeer
Felix Oberholzer-Gee, Vincent Marie Dessain, Daniela Beyersdorfer and Anders Sjoman
The Dutch "Verenigde Bloemenveiling Aalsmeer Cooperative" (VBA) was on of the world's largest flower exchanges. Around 6,300 flower growers, one half of them located in the Netherlands, used the auction to sell cut flowers and plants to more than 1,000 wholesalers. In 2004, the value of the flowers and plants traded at Aalsmeer exceeded 1.6 billion euros, representing 36% of the world's trade in cut flowers. Every morning, VBA held 55,000 Dutch auctions to match buyers and suppliers. While formidable in size, VBA management worried about the future of the exchange because direct sales between growers and buyers had started to bypass the auction. Kenyan growers, for instance, often shipped roses directly to wholesalers. VBA's management considered a number of strategic initiatives and tactical moves in response to the growth in direct sales. Should the exchange allow non-Dutch growers to become members? Would it make sense to have the wholesalers bear a larger fraction of the trading cost? Philip Smits, CEO of VBA, knew that expanding VBA membership and adjusting trading commissions were guaranteed to be hotly contested topics at the upcoming general meeting.
Keywords: Auctions;
Bids and Bidding;
Trade;
Market Entry and Exit;
Financial Markets;
Segmentation;
Agriculture and Agribusiness Industry;
Netherlands;
Citation: Oberholzer-Gee, Felix, Vincent Marie Dessain, Daniela Beyersdorfer, and Anders Sjoman. " Bloemenveiling Aalsmeer." Harvard Business School Case 706-441, August 2006. (Revised from original December 2005 version.)
-
Case
| HBS Case Collection
|
2006
(Revised from original 2004 version)
Yamato Transport: Valuing and Pricing Network Services (A)
Felix Oberholzer-Gee, Tarun Khanna and Masako Egawa
Yamato Transport is the leading Japanese parcel delivery company and has dominated its industry for more than two decades. In response to new competitive challenges, Yamato must decide how to reposition itself in the industry and optimize the size of its network. The recently corporatized Japan Post is the only company that can deliver personal mail
-
Supplement
| HBS Case Collection
|
2006
(Revised from original 2004 version)
Yamato Transport: Valuing and Pricing Network Services (B)
Felix Oberholzer-Gee, Tarun Khanna and Masako Egawa
Supplements the (A) case.
Keywords: Transportation Networks;
Value;
Price;
-
Teaching Note
| HBS Case Collection
|
2006
(Revised from original 2005 version)
Yamato Transport: Valuing and Pricing Network Services (TN) (A) and (B)
Felix Oberholzer-Gee
Keywords: Valuation;
Price;
-
Teaching Note
| HBS Case Collection
|
2006
Principles of Microeconomics for Strategists - An Online Tutorial (TN)
Felix Oberholzer-Gee and Pai-Ling Yin
Teaching Note to 705-801.
Keywords: Music Industry;
-
Case
| HBS Case Collection
|
2006
(Revised from original 2005 version)
TCL Multimedia
Tarun Khanna, Felix Oberholzer-Gee and David Lane
TCL considers the underlying logic behind the globalization of one of China's most prominent companies. TCL, and similarly prominent companies in China, are in the forefront of China's emergence as one of the world's preeminent economic powers. Allows a discussion of how TCL's approach to globalization compares with those of other Chinese companies and those of companies from other developing countries. A rewritten version of an earlier case.
Keywords: Globalized Firms and Management;
Success;
Business Strategy;
Developing Countries and Economies;
China;
Citation: Khanna, Tarun, Felix Oberholzer-Gee, and David Lane. " TCL Multimedia." Harvard Business School Case 705-502, February 2006. (Revised from original June 2005 version.)
-
Tutorial
|
2004
Principles of Microeconomics for Strategists
Felix Oberholzer-Gee, Pai-Ling Yin and Elizabeth Raabe
Reviews microeconomic principles from a business strategy perspective, using the digital music industry as context. Contains three modules: demand, supply, and equilibrium. The demand module discusses the willingness to pay, market demand, price elasticity, and marginal revenue. The supply module explains elements of concern to a Sony manager producing hard drives for MP3 players--fixed, variable, marginal, and average costs; and short-run and long-run elasticity of supply. The third module discusses equilibrium and market power, optimal pricing, and price discrimination. Includes several exercises to test learning.
Keywords: Business Strategy;
Supply and Industry;
Demand and Consumers;
Microeconomics;
Balance and Stability;
Price;
Cost;
Revenue;
Music Industry;
-
Other Unpublished Work
| 2005
Brief Amici Curiae: Supreme Court of the United States, Metro-Goldwyn-Mayer Studios, Inc., et al., v. Grokster, Ltd., et al.
Felix Oberholzer-Gee and Koleman Strumpf
Keywords: Entertainment;
Copyright;
Entertainment and Recreation Industry;
Motion Pictures and Video Industry;
United States;
Citation: Oberholzer-Gee, Felix, and Koleman Strumpf. "Brief Amici Curiae: Supreme Court of the United States, Metro-Goldwyn-Mayer Studios, Inc., et al., v. Grokster, Ltd., et al." Counsel Press, January 2005.
|
|