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same time increases competition. As a result, the platform lowers the firm fees and raises the consumer charges. In … competition. In this case, the platform raises both the charge to the consumers and the fee for the firms. …
Persistent link: https://www.econbiz.de/10005181272
In this paper we model the commercial lobbying industry (such as the so-called K-Street lobbyists of Washington, D ….C.). In contrast to classical special interest groups commercial lobbying firms are not directly motivated by policy outcomes … firms exist, and their implications for social welfare. We find that in a simple general equilibrium framework the market …
Persistent link: https://www.econbiz.de/10010877950
studies how lobbying by both groups shapes the government’s policy. We find that downtown retailers typically have steeper … lobbying contribution schedules than superstores, which induces the government to underprice central roads and parking spaces …, extending the model to allow for lobbying by residents within the downtown retail district we find that residents may lobby for …
Persistent link: https://www.econbiz.de/10011257673
This paper sheds light on an empirical controversy about the effect of competition on price discrimination. We … shows that whether competition has a positive or negative effect on price dispersion depends on the level of demand …
Persistent link: https://www.econbiz.de/10010877946
We study price formation in the standard model of consumer search for differentiated products but allow for search cost heterogeneity. In doing so, we dispense with the usual assumption that all consumers search at least once in equilibrium. This allows us to analyze the manner in which prices...
Persistent link: https://www.econbiz.de/10010812486
We study optimal experimentation by a monopolistic platform in a two-sided market. The platform provider is uncertain about the strength of the externality each side is exerting on the other. Setting participation fees on both sides, it gradually learns about these externalities by observing...
Persistent link: https://www.econbiz.de/10011277185
In a standard financial market model with asymmetric information with a finite number N of risk-averse informed traders, competitive rational expectations equilibria provide a good approximation to strategic equilibria as long as N is not too small: equilibrium prices in eachsituation converge...
Persistent link: https://www.econbiz.de/10005405996
dynamic model of commercial lobbying in which citizens may hire lobbyists to present policy proposals on their behalf to … unverifiable information provision and allow a solution to their contracting problem. The welfare implications of these …’s information problem and financial contributions may actually improve social welfare in comparison to the full information outcome. …
Persistent link: https://www.econbiz.de/10010610089
Private provision of public goods often takes place as a war of attrition: individuals wait until someone else volunteers and provides the good. After a certain time period, however, one individual may be randomly selected. If the individuals are uncertain about their cost of provision, but can...
Persistent link: https://www.econbiz.de/10009021240
This paper analyzes the effects of taxation on information acquisition and bilateral trade in decentralized markets. We show that a profit tax and a transaction tax have opposite implications for equilibrium outcome in bargaining. A marginal increase of a transaction tax increases the incentive...
Persistent link: https://www.econbiz.de/10011120474