When intermiaries compete by offering larger nefits to buyers greater competition can actually exacerbate the distortions and make things worse. Author Abstract Suppose an intermiary provides a nefit to buyers when they purchase from sellers using the intermiary s technology. We develop a model to show that the intermiary will want to restrict sellers from charging buyers more for transactions it intermiates.

We show that this restriction

Can ruce consumer surplus and welfare inde sometimes to such an extent that the existence of the intermiary can  harmful. Specifically lower consumer surplus and welfare result from inflat retail prices over investment in providing nefits to buyers and excessive adoption of the intermiaries services. Competition among intermiaries intensifies these problems increasing the magnitude of their Switzerland Telegram Number Data effects and also broadening the circumstances in which they arise. We discuss applications to travel reservation systems payment card systems marketplaces rebate services search engine advertising and various types of brokers and agencies. Paper InformationLanguage Wars Divide Global Companies by Kim Girard An increasing numr of global firms adopt a primary language for business operations—usually English. The problem The practice can surface dormant hostilities around culture and geography reports Tsal Neeley.

As global companies increasingly

Adopt a dominant language usually English which all employees must use to simplify communications and increase collaboration many are dismay to find an unexpect France Phone Number List outcome. Results are exactly opposite of what was intend. Instead of making business operations more efficient the use of such a lingua franca can add layers of complication and delay. And instead of fostering collaboration it can create cultural fissures tween employees. “IT S VOLCANIC WAITING FOR SOMETHING ” It turns out that language wars are always simmering neath the surface as Harvard Business School Associate Professor Tsal Neeley s research demonstrates.