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Information Costs, Networks and Intermediation in International Trade

Petropoulou, Dimitra - Department of Economics, Oxford University - 2007

This paper presents a pairwise matching model with two-sided information asymmetry to analyse the impact of information costs on endogenous network building and matching by information intermedairies. The framework innovates by examining the role of information costs on incentives for trade...

Persistent link: https://www.econbiz.de/10004977860

Competing for Contacts: Network Competition, Trade Intermediation and Fragmented Duopoly

Petropoulou, Dimitra - Department of Economics, Oxford University - 2007

A two-sided, pair-wise matching model is developed to analyse the strategic interaction between two information intermediaries who compete in commission rates and network size, giving rise to a fragmented duopoly market structure. The model suggests that network competition between information...

Persistent link: https://www.econbiz.de/10005090624

Competition in Posted Prices With Bargaining

Gill, David; Thanassoulis, John - Department of Economics, Oxford University - 2013

In this paper we study price competition between firms when some consumers attempt tobargain while others buy at the public list or posted prices. Even though bargainers succeed innegotiating discounts off the list prices, their presence dampens competitive pressure in the marketby reducing the...

Persistent link: https://www.econbiz.de/10011133058

Competition in Posted Prices With Stochastic Discounts

Gill, David; Thanassoulis, John - Department of Economics, Oxford University - 2013

We study price competition between firms over public list or posted prices when a fraction of consumers (termed 'bargainers') can subsequently receive discounts with some probability. Such stochastic discounts are a feature of markets in which some consumers bargain explicitly; of markets in...

Persistent link: https://www.econbiz.de/10011004203

The Optimal Marketing Mix of Posted Prices, Discounts and Bargaining

Thanassoulis, John; Gill, David - Department of Economics, Oxford University - 2010

In many markets firms set posted prices which are potentially negotiable. We analyze the optimal marketing mix of pricing and bargaining when price takers buy at posted prices but bargainers attempt to negotiate discounts. The optimal bargaining strategy involves the firms offering...

Persistent link: https://www.econbiz.de/10008469784

Auctions: Theory and Practice

Klemperer, Paul - Department of Economics, Oxford University - 2004

picking selectively â€“ an advanced undergraduate or MBA course on auctions and auction design. Part A introduces the basic … superficially unconnected with auctions. Part C discusses practical auction design. Part D describes the one-hundred-billion dollar … 3G mobile-phone license auctions. None of the writing is technical, except in the Appendices. …

Persistent link: https://www.econbiz.de/10011133069

Why Do Sellers (Usually) Prefer Auctions?

Klemperer, Paul; Bulow, Jeremy - Department of Economics, Oxford University - 2009

We compare the most common methods for selling a company or other asset when participation is costly: a simple simultaneous auction, and a sequential process in which potential buyers decide in turn whether or not to enter the bidding. The sequential process is always more efficient. But...

Persistent link: https://www.econbiz.de/10011004186

Instant Exit from the Asymmetric War of Attrition

Myatt, David P. - Department of Economics, Oxford University - 2005

In an asymmetric war of attrition the players` prize valuations are drawn from different distributions. A stochastic strength ordering, based upon relative hazard rates, is used to rank these distributions. The stochastically stronger player is perceived to be strong ex ante, even though her...

Persistent link: https://www.econbiz.de/10005047908

Anatomy of the Rise and Fall of a Price-Fixing Conspiracy: Auctions at Sotheby`s and Christie`s

Graddy, Kathryn; Ashenfelter, Orley - Department of Economics, Oxford University - 2004

theory of auctions shows that it is unlikely that successful buyers as a group were injured. …

Persistent link: https://www.econbiz.de/10005047917

Auctions and the Price of Art

Graddy, Kathryn; Ashenfelter, Orley - Department of Economics, Oxford University - 2002

auctions, much of it in response to empirical findings, and we review three key findings. First, the evidence suggests that art …

Persistent link: https://www.econbiz.de/10005090695