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Transparency of Add-On Fees on Peer-to-Peer Platforms: Evidence from Airbnb

Tran, Kevin Ducbao; Madio, Leonardo; Rossi, Michelangelo; … - 2024

This paper investigates the impact of price transparency on equilibrium prices and fees by considering a policy change … also find that listings without a cleaning fee, something that is common on Airbnb, appear more affordable after the policy … the full prices of their rivals due to the transparency policy, finding themselves more affordable. This analysis uncovers …

Persistent link: https://www.econbiz.de/10015211280

Industrial Policy in Times of Market Power

Delli Gatti, Domenico; Terranova, Roberta; Turco, … - 2024

, industrial policy fosters growth by closing the productivity gap between leaders and laggards, and thereby curbing market power …Can standard measures of industrial policy such as R&D subsidies or financial support for machine replacement be … question we explore the effects of various industrial policy instruments in a macroeconomic agent-based model calibrated to …

Persistent link: https://www.econbiz.de/10015211351

Embedded Supervision: How to Build Regulation into Decentralised Finance

Auer, Raphael A. - 2022

The emergence of so-called "decentralised finance" (DeFi) and a shadow financial system of cryptocurrency exchanges and stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the same rules. This paper makes the case for...

Persistent link: https://www.econbiz.de/10013353383

Welfare-Enhancing Taxation and Price Discrimination

D'Annunzio, Anna; Russo, Antonio - 2022

We analyze the effects of commodity taxation in markets where suppliers implement second-degree price discrimination schemes, such as offering different package sizes and quality-differentiated versions of the same product. In these markets, suppliers distort the quantity (or quality) intended...

Persistent link: https://www.econbiz.de/10013470266

Discreet Personalized Pricing

Shiller, Benjamin R. - 2022

Emerging tracking data allow precise predictions of individuals' reservation values. However, firms are reluctant to conspicuously implement personalized pricing because of concerns about consumer and regulatory reprisals. This paper proposes and applies a method which disguises personalized...

Persistent link: https://www.econbiz.de/10013470284

Do as Essay, Not as I Do? How Inflated List Prices of Unsold Essayer Homes Affect the Price Discovery Process

Agarwal, Sumit; Seiler, Michael J.; Siebert, Ralph - 2022

In the U.S. real estate market, around 30 percent of listed properties remain unsold. We examine whether unsold property listings exert externalities in the housing market. Our study builds on a comprehensive dataset that encompasses residential property listings in Orange County (California)...

Persistent link: https://www.econbiz.de/10013470328

Network Effects: Betwixt and Between

Mardan, Mohammed; Tremblay, Mark J. - 2022

We challenge the dichotomy of network eﬀects and highlight that they are not an exogenous characteristic of networks, but endogenous to the decisions of network users. When users choose which activities to perform in a network, multi-activity users transform indirect into direct network...

Persistent link: https://www.econbiz.de/10013470340

Product Differentiation and Oligopoly: A Network Approach

Pellegrino, Bruno - 2023

This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product market rivalries that emerges endogenously out of the characteristics of the products and services they supply. My model embeds a novel, highly tractable and scalable demand system...

Persistent link: https://www.econbiz.de/10014290154

Estimating the Effects of Regulation When Treated and Control Firms Compete: A New Method with Application to the EU ETS

Barrows, Geoffrey; Calel, Raphael; Jégard, Martin; … - 2023

This paper presents a method for estimating treatment effects of regulations when treated and control firms compete on the output market. We develop a GMM estimator that recovers reduced-form parameters consistent with a model of differentiated product markets with multi-plant firms, and use...

Persistent link: https://www.econbiz.de/10014377413

The Efficiency of State Aid for the Deployment of High-Speed Broadband: Evidence from the French Markets

Bourreau, Marc; Grzybowski, Lukasz; Muñoz-Acevedo, Ángela - 2023

Haut Débit. According to State aid rules, public subsidies should not be substitute for private investment and should … more than 34,000 municipalities in mainland France over 2014-2019. We then assess whether private investment would have …

Persistent link: https://www.econbiz.de/10014377415