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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 middleman mode by which an intermediary holds inventories...
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This paper provides the first analysis of the trade-off between convenient flight connections and airport congestion. A …
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Inhabitants of houses near Amsterdam Airport are complaining of noise nuisance, caused by aircraft traffic. The usual … around Amsterdam Airport as the sum of hedonic price differentials and a residual cost component. The residual costs are …
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theory says that the congestion tolls levied on the various airlines at a particular airport should generally be different …The likely resurgence of air traffic in the U.S. means that airport congestion is a problem that must soon be … imposed at selected U.S. airports in the relatively near future. The theory developed in this paper, which extends the results …
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Technological innovations facilitating e-commerce have well-documented effects on consumer behavior and firm organization in the retail sector, but the effects of these new transaction technologies on fiscal systems remain unknown. By extending models of commodity tax competition to include...
Persistent link: https://www.econbiz.de/10012033135
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...
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A great deal of late bidding has been observed on internet auctions such as eBay, which employ a second price auction with a fixed deadline. Much less late bidding has been observed on internet auctions such as those run by Amazon, which employ similar auction rules, but use an ending rule that...
Persistent link: https://www.econbiz.de/10011508080