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When Little Things Mean a Lot: On the Inefficiency of Item Pricing Laws

Bergen, Mark; Levy, Daniel; Ray, Sourav; Rubin, Paul; … - EconWPA - 2004

We study item-pricing laws (which require that each item in a store be individually marked with a price sticker) and examine and quantify their costs and benefits. On the cost side, we argue that item-pricing laws increase the retailers’ costs, forcing them to raise prices. We test this...

Persistent link: https://www.econbiz.de/10005412533

Internet Intermediaries' Editorial Content Quality

Gaudeul, Alexandre - EconWPA - 2004

Information intermediaries deliver information about a supplier's product. They are paid by those same suppliers they certify. This introduces conflicts of interests as the intermediaries want to retain customers by delivering truthful information about suppliers, while suppliers would want the...

Persistent link: https://www.econbiz.de/10005076854

E-commerce, two-sided markets and info-mediation

Gaudeul, Alexandre; Jullien, Bruno - EconWPA - 2005

Participants in a market, buyers and sellers, may need the service of an intermediary who will put them into contact and give them information about their potential trading partner. The intermediary chooses what price it will charge to each side to have access to its service. It also chooses...

Persistent link: https://www.econbiz.de/10005134532

New Trade Theory Takes Over Monetary Theory

Gani, M - EconWPA - 2004

Prevailing trade theory is a neglected stepchild of economics. Micro rejects the sole reason for trade’s occurrence. It declares zero profit in equilibrium. Monetary theory and macroeconomics dismiss concerns of trade financing. They assert that money has nothing to do with traded output, but...

Persistent link: https://www.econbiz.de/10005408069

The Effects of E-commerce on the Structure of Intermediation

Schmitz, Stefan W. - EconWPA - 2002

interpreting intermediation as a single service it is pointed out that intermediaries can provide a number of services. The … intermediation services studied are, generally, not under threat by the diffusion of electronic commerce. The overall effects on … intermediation depend on the relevance of these services relative to others (e.g. order processing) which are supposed to become …

Persistent link: https://www.econbiz.de/10005412901

E-commerce : Quelques éléments d'économie industrielle

Gaudeul, Alexandre; Jullien, Bruno - EconWPA - 2004

L'exposé présente un certain nombre d'éléments expliquant pourquoi les activités se développant sur le Net ne peuvent pas être bien appréhendées dans un contexte de concurrence parfaite, et discute la nature des barrières à l'entrée. Nous verrons que l'essentiel des changements...

Persistent link: https://www.econbiz.de/10005561467

Plastic Clashes: Competition among Closed and Open Systems in the Credit Card Industry.

Manenti, Fabio M.; Somma, Ernesto - EconWPA - 2002

This paper analyses market competition between two different types of credit card platforms: not-for-profit associations and proprietary systems. The main focus is on the role of the interchange fee set by not-for-profit platforms. We show that when the interchange fee is set so as to maximise...

Persistent link: https://www.econbiz.de/10005076892

Contracting with Externalities

Segal, Ilya - EconWPA - 1998

The paper studies inefficiencies arising in contracting between one principal and N agents when the utility of each agent depends on all agents' trades with the principal. When the principal commits to a set of publicly observable bilateral contract offers, the arising inefficiency is due...

Persistent link: https://www.econbiz.de/10005125878

Do court-ordered breakups spur innovation?

Taylor, Leon - EconWPA - 2001

Breaking up a monopoly may have stimulated innovation in oil refining over decades. In the shorter run, the immediate demand for oil may have spurred more innovation.

Persistent link: https://www.econbiz.de/10005126048

Vertical Restraints and Parallel Imports with Differentiated Products

Cosac, Teodora - EconWPA - 2004

A monopoly selling in two countries can use exclusive or competitive retailers to distribute its product. A low wholesale price in one country might induce a retailer to resell the good for profit in the other country, generating thereby parallel imports which compete with the authorized sales....

Persistent link: https://www.econbiz.de/10005134426