Narrow search
Showing 1 - 10 of 101
Cover Image
Self-Preferencing at Amazon : Evidence from Search Rankings
Farronato, Chiara; Fradkin, Andrey; MacKay, Alexander - National Bureau of Economic Research - 2023
We study whether Amazon engages in self-preferencing on its marketplace by favoring its own brands (e.g., Amazon Basics) in search. To address this question, we collect new micro-level consumer search data using a custom browser extension installed by a panel of study participants. Using this...
Persistent link: https://www.econbiz.de/10013537786
Cover Image
Are Supply Networks Efficiently Resilient?
Capponi, Agostino; Du, Chuan; Stiglitz, Joseph E. - National Bureau of Economic Research - 2024
We show that supply networks are inefficiently, and insufficiently, resilient. Upstream firms can expand their production capacity to hedge against supply and demand shocks. But the social benefits of such investments are not internalized due to market power and market incompleteness. Upstream...
Persistent link: https://www.econbiz.de/10014512075
Cover Image
The Modern Wholesaler : Global Sourcing, Domestic Distribution, and Scale Economies
Ganapati, Sharat - National Bureau of Economic Research - 2024
Nearly half of all transactions in the $5 trillion market for manufactured goods in the United States were intermediated by wholesalers in 2012, up from 32 percent in 1992. Seventy percent of this increase is due to the growth of "superstar" firms - the largest one percent of wholesalers....
Persistent link: https://www.econbiz.de/10014468236
Cover Image
Merger Effects and Antitrust Enforcement : Evidence from US Retail
Bhattacharya, Vivek; Illanes, Gastón; Stillerman, David - National Bureau of Economic Research - 2023
We document the effects of a comprehensive set of US retail mergers. On average, prices increase by 1.5% and quantities decrease by 2.3%, with significant heterogeneity in outcomes across mergers. Price changes correlate with the screens codified in the Horizontal Merger Guidelines. Through a...
Persistent link: https://www.econbiz.de/10014250141
Cover Image
Competitive Model Selection in Algorithmic Targeting
Iyer, Ganesh; Ke, T. Tony - National Bureau of Economic Research - 2023
This paper studies how market competition influences the algorithmic design choices of firms in the context of targeting. Firms face the general trade-off between bias and variance when choosing the design of a supervised learning algorithm in terms of model complexity or the number of...
Persistent link: https://www.econbiz.de/10014247922
Cover Image
Feedback and Contagion through Distressed Competition
Chen, Hui; Dou, Winston Wei; Guo, Hongye; Ji, Yan - National Bureau of Economic Research - 2023
Firms tend to compete more aggressively in financial distress; the intensified competition in turn reduces profit margins, pushing themselves further into distress and adversely affecting other firms. To study such feedback and contagion effects, we incorporate strategic competition into a...
Persistent link: https://www.econbiz.de/10013537735
Cover Image
Estimating Discrete Games with Many Firms and Many Decisions : An Application to Merger and Product Variety
Fan, Ying; Yang, Chenyu - National Bureau of Economic Research - 2022
method to study merger effects on firm entry and product variety in the retail craft beer market in California. We simulate … an acquisition of multiple craft breweries by a large brewery and find that the acquisition would induce firm entry and … product entry by non-merging firms. However, these changes are insufficient to offset the negative welfare effects resulting …
Persistent link: https://www.econbiz.de/10013334365
Cover Image
Dynamic Price Competition : Theory and Evidence from Airline Markets
Hortaçsu, Ali; Oery, Aniko; Williams, Kevin R. - National Bureau of Economic Research - 2022
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish conditions under which the equilibrium is unique and converges to a system of differential equations. Using unique and comprehensive pricing and bookings data for competing...
Persistent link: https://www.econbiz.de/10013362001
Cover Image
Bargaining and Dynamic Competition
Deng, Shanglyu; Jia, Dun; Leccese, Mario; Sweeting, Andrew - National Bureau of Economic Research - 2024
Industries with significant scale economies or learning-by-doing may come to be dominated by a single firm. Economists have studied how likely this is to happen, and whether it is efficient, using models where buyers are price or quantity takers, even though these industries are often also...
Persistent link: https://www.econbiz.de/10014528398
Cover Image
How Merger Synergies Can Harm Consumers : A Defense of the Efficiencies Offense
Wollmann, Thomas G. - National Bureau of Economic Research - 2024
traditional merger analysis. Neither subsequent entry nor follow-on mergers necessarily mitigate the problem …
Persistent link: https://www.econbiz.de/10014576659