Narrow search
Showing 1 - 10 of 59
Cover Image
An Experimental Study of Price Dispersion in a Search Model with Advertising
Datta, Shakun; Cason, Timothy N. - Econometric Society - 2004
search. Sellers simultaneously post prices and decide whether or not to incur an exogenous cost to advertise their price … increases in either search or advertising costs are reflected in higher equilibrium prices. To test the predictions regarding … the level and dispersion of prices and advertising intensity, we vary the costs of search and advertising as well as the …
Persistent link: https://www.econbiz.de/10005063675
Cover Image
Duopolistic Competition between Independent and Collaborative Business-to-Business Marketplaces
Suelzle, Kai - Econometric Society - 2004
This paper studies imperfect price competition between two intermediaries in an electronic business-to-business matching market with indirect network externalities. The intermediaries differ with regard to their ownership structure: an independent third party incumbent marketplace competes with...
Persistent link: https://www.econbiz.de/10005342163
Cover Image
Market Power in Mixed Hydro-Thermal Electric Systems
Arellano, M. Soledad - Econometric Society - 2004
This paper shows that, unlike what has been found in other papers, a hydro reservoir is an effective tool to exercise market power. Its appealing as a tool is enhanced by the fact that there is no need to constrain total hydro production - a practice too easy to detect -; it suffices to distort...
Persistent link: https://www.econbiz.de/10005129764
Cover Image
Does Price Matter? Price and Non-price Competition in the Airline Industry
Gayle, Philip G. - Econometric Society - 2004
This paper studies passengers' choice behavior in air travel. Products are defined as a unique combination of airline and flight itinerary while markets are defined as a directional round-trip air travel between an origin and a destination city. A structural econometric model is used to...
Persistent link: https://www.econbiz.de/10005130226
Cover Image
Liquidity Premia in Dynamic Bargaining Markets
duffie - Econometric Society - 2004
This paper develops a search-theoretic model of the cross-sectional distribution of asset returns. It abstracts from …
Persistent link: https://www.econbiz.de/10005328954
Cover Image
Valuation in Dynamic Bargaining Markets
duffie - Econometric Society - 2004
We study the impact on asset prices of illiquidity associated with search and bargaining in an economy in which agents … can trade only when they find each other. Marketmakers' prices are higher and bid-ask spreads are lower if investors can … find each other more easily. Prices become Walrasian as investors' or marketmakers' search intensities get large …
Persistent link: https://www.econbiz.de/10005328973
Cover Image
Valuation in Dynamic Bargaining Markets
Pedersen, Lasse; Duffie, Darrell; Garleanu, Nicolae - Econometric Society - 2004
We study the impact on asset prices of illiquidity associated with search and bargaining in an economy in which agents … can trade only when they find each other. Marketmakers' prices are higher and bid-ask spreads are lower if investors can … find each other more easily. Prices become Walrasian as investors' or marketmakers' search intensities get large …
Persistent link: https://www.econbiz.de/10005328997
Cover Image
Search and Endogenous Concentration of Liquidity in Asset Markets
dvayanos - Econometric Society - 2004
In this paper, we develop a search-based model of asset trading. We assume that investors differ in their horizons, and … can invest in two identical assets. The asset markets are partially segmented: investors can search in only one market … ``liquid" market has higher volume and prices, and lower search times for buyers and sellers. The clientele equilibrium …
Persistent link: https://www.econbiz.de/10005329007
Cover Image
Liquidity Premia in Dynamic Bargaining Markets
Weill, Pierre-Olivier - Econometric Society - 2004
This paper develops a search-theoretic model of the cross-sectional distribution of asset returns. It abstracts from …
Persistent link: https://www.econbiz.de/10005063574
Cover Image
Search and Endogenous Concentration of Liquidity in Asset Markets
Vayanos, Dmitrios - Econometric Society - 2004
In this paper, we develop a search-based model of asset trading. We assume that investors differ in their horizons, and … can invest in two identical assets. The asset markets are partially segmented: investors can search in only one market … ``liquid" market has higher volume and prices, and lower search times for buyers and sellers. The clientele equilibrium …
Persistent link: https://www.econbiz.de/10005063610