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Platform Intermediation in a Market for Differentiated Products
Galeotti, Andrea - 2008
We study a two-sided market where a platform attracts firms selling differentiated products and buyers interested in those products. In the unique subgame perfect equilibrium of the game, the platform fully internalizes the network externalities present in the market and firms and consumers all...
Persistent link: https://www.econbiz.de/10012772229
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Inventory Control and Intermediation in Global Supply Chains
Qu, Zhan; Raff, Horst; Schmitt, Nicolas - CESifo - 2015
The paper develops a simple theoretical model of inventory control in global supply chains. It identifies a role for intermediaries in managing inventory, and shows that inserting an intermediary as an additional link in a supply chain is profitable when demand volatility is high. It also...
Persistent link: https://www.econbiz.de/10011210404
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Marketmaking Middlemen
Gautier, Pieter A. - 2016
This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode …. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a … other. In our model, buyers and sellers can simultaneously search in an outside market and use the intermediation service …
Persistent link: https://www.econbiz.de/10012982510
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Platform Intermediation in a Market for Differentiated Products
Galeotti, Andrea; Gonzales, José Luis Moraga - CESifo - 2008
We study a two-sided market where a platform attracts firms selling differentiated products and buyers interested in those products. In the unique subgame perfect equilibrium of the game, the platform fully internalizes the network externalities present in the market and firms and consumers all...
Persistent link: https://www.econbiz.de/10005181272
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Two-Sided Markets and Electronic Intermediaries
Jullien, Bruno - CESifo - 2004
The object of this paper is to discuss on-line intermediation from the perspective of two-sided markets. It builds a … simple model of the intermediation activity when trading partners are involved in a commercial relationship and uses it to … part concentrates on a monopoly intermediation service and discusses both efficient pricing and monopoly pricing. The …
Persistent link: https://www.econbiz.de/10005181364
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World Market Access of Emerging-Market Firms: The Role of Foreign Ownership and Access to External Finance
Raff, Horst; Trofimenko, Natalia - CESifo - 2013
This paper uses micro-data from the World Bank Investment Climate Surveys 2002-2006 to investigate how foreign ownership and access to external finance affect the likelihood of manufacturers in emerging markets to export and/or import. Applying propensity score matching to control for...
Persistent link: https://www.econbiz.de/10010681216
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Labor Market Equilibrium with Public Employment Agency
Holzner, Christian; Watanabe, Makoto - CESifo - 2015
We develop and empirically test a labor market model with Public Employment Agencies (PEA) in order to understand why not all vacancies use the costless services provided by the PEA. We show that both the search market and the PEA can be active in equilibrium. In such an equilibrium, workers...
Persistent link: https://www.econbiz.de/10011202960
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Trade Union Membership and Sickness Absence : Evidence from a Sick Pay Reform
Goerke, Laszlo - 2012
In 1996, statutory sick pay was reduced for private sector workers in Germany. Using the empirical observation that trade union members are dismissed less often than non-members, we construct a model to predict how absence behavior will respond to the sick pay reform. We show that union members...
Persistent link: https://www.econbiz.de/10013101198
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On the Desirability of Taxing Capital Income to Reduce Moral Hazard in Social Insurance
Jacobs, Bas - 2009
This paper analyzes optimal linear taxes on labor income and savings in a standard two-period life-cycle model with endogenous leisure demands in both periods and non-insurable income risks. Households are subject to skill shocks in both periods of the life-cycle. We allow for completely general...
Persistent link: https://www.econbiz.de/10013155825
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Mechanism Design with Moral Hazard
Kwon, Suehyun - 2019
This paper characterizes when the one-stage deviation IC constraints in the usual sense of dynamic mechanism design are sufficient. One can easily construct examples of when they are not sufficient. If the current state or the belief is not a sufficient summary statics of the agent's private...
Persistent link: https://www.econbiz.de/10012901080