Narrow search
Showing 1 - 10 of 1,932
Cover Image
The Impact of Price Adjustment Costs on Price Dispersion in E-Commerce
Böheim, René - 2019
We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to instrument for potential endogeneity that might result from the selection of firms to certain product markets. We find that greater price adjustment costs result in greater price...
Persistent link: https://www.econbiz.de/10012892080
Cover Image
On the Evolution of Market Institutions : The Platform Design Paradox
Alós-Ferrer, Carlos; Kirchsteiger, Georg; Walzl, Markus - 2021
We study competition among market designers who create new trading platforms, when boundedly rational traders learn to select among them. We ask whether efficient platforms, leading to market - clearing trading outcomes, will dominate the market in the long run. If several market designers are...
Persistent link: https://www.econbiz.de/10013317023
Cover Image
Targeted Incentives, Broad Impacts : Evidence from an E-Commerce Platform
Hui, Xiang; Liu, Meng; Chan, Tat - 2022
Digital platforms sometimes offer incentives to a subset of sellers to nudge behavior, possibly affecting the behavior of all sellers in the equilibrium. In this paper, we study a policy change on a large e-commerce platform that offers financial incentives only to platform-certified sellers...
Persistent link: https://www.econbiz.de/10014078195
Cover Image
Selling Cross-Border in Online Markets : The Impact of the Ban on Geoblocking Strategies
Bourreau, Marc; Manenti, Fabio M. - 2021
We develop a model of strategic geoblocking, where two competing multi-channel retailers, located in different countries, can decide to block access to their online store from foreign consumers. We characterize the equilibrium when firms decide unilaterally whether to introduce geoblocking...
Persistent link: https://www.econbiz.de/10013314958
Cover Image
Collusive Compensation Schemes Aided by Algorithms
Martin, Simon; Schmal, Wolfgang Benedikt - 2021
Sophisticated collusive compensation schemes such as assigning future market shares or direct transfers are frequently observed in detected cartels. We show formally why these schemes are useful for dampening deviation incentives when colluding firms are temporary asymmetric. The relative...
Persistent link: https://www.econbiz.de/10013310765
Cover Image
Short-Time Work Subsidies in a Matching Model
Meier, Volker - 2019
demand and reduced working hours so as to stabilize workers’ income. In a matching framework such an arrangement increases …
Persistent link: https://www.econbiz.de/10012892292
Cover Image
Paying to Match : Decentralized Markets with Information Frictions
Agranov, Marina; Dianat, Ahrash; Samuelson, Larry; … - 2021
We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to …
Persistent link: https://www.econbiz.de/10013250740
Cover Image
The Short and the Long of it : Stock-Flow Matching in the US Housing Market
Smith, Eric; Xie, Zoe; Fang, Lei - 2022
viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability a house sells … housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can not only … the importance of stock-flow matching for understanding housing market dynamics …
Persistent link: https://www.econbiz.de/10014243085
Cover Image
Matching as a cure for underprovision of voluntary public good supply: Analysis and an example
Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk - 2011
Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good … interior matching equilibrium, however, emerges only under very special conditions. But we show in this note that corner …
Persistent link: https://www.econbiz.de/10010274970
Cover Image
Potentially harmful international cooperation on global public good provision
Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk - 2012
-called matching approaches. Matching schemes are regarded as providing a promising approach to overcome undersupply of public goods … like climate protection. The functioning of matching mechanisms in a setting with an incomplete agreement, i.e. a contract … by analyzing incomplete matching agreements in the context of international climate protection. We analyse their effect …
Persistent link: https://www.econbiz.de/10010283595