408 research outputs found

    "Asymmetric Market Shares, Advertising, and Pricing: Equilibrium with an Information Gatekeeper"

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    We analyze the impact of market share on advertising and pricing decisions by firms that sell to loyal, non-shopping customers and can advertise to shoppers through an information intermediary or "gatekeeper." In equilibrium the firm with the smaller loyal market advertises more aggressively but prices less competitively than the firm with the larger loyal market, and there is no equilibrium in which both firms advertise with probability 1. The results differ significantly from earlier literature which assumes all prices are revealed to shoppers and finds that the firm with the smaller loyal market adopts a more competitive pricing strategy. The predictions of the model are consistent with advertising and pricing behavior observed on price comparison websites such as Shopper.com.online markets, E-commerce, market share, information gatekeeper, equilibrium price dispersion, advertising

    Welcoming the First Decade of Perovskite Solar Cells

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    The swift emergence of perovskite solar cells (PSCs) is a “miracle” development in the history of photovoltaics. Since Miyasaka and co‐workers (Toin University of Yokohama, Japan) reported the first use of halide perovskites (HPs) in solar cells in 2009, the past ten years have witnessed a skyrocketing increase in power conversion efficiency (PCE) to 24.2% for single‐junction PSCs and 28.0% for Si‐perovskite tandem solar cells

    Ionic polarization-induced current-voltage hysteresis in ch3nh3pbx3 perovskite solar cells

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    CH3NH3PbX3 (MAPbX3) perovskites have attracted considerable attention as absorber materials for solar light harvesting, reaching solar to power conversion efficiencies above 20%. In spite of the rapid evolution of the efficiencies, the understanding of basic properties of these semiconductors is still ongoing. One phenomenon with so far unclear origin is the so-called hysteresis in the current–voltage characteristics of these solar cells. Here we investigate the origin of this phenomenon with a combined experimental and computational approach. Experimentally the activation energy for the hysteretic process is determined and compared with the computational results. First-principles simulations show that the timescale for MAþ rotation excludes a MA-related ferroelectric effect as possible origin for the observed hysteresis. On the other hand, the computationally determined activation energies for halide ion (vacancy) migration are in excellent agreement with the experimentally determined values, suggesting that the migration of this species causes the observed hysteretic behaviour of these solar cells
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