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Marketmaking middlemen
Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 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/10011517977
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Discreet personalized pricing
Shiller, Benjamin Reed - 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/10013418884
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Strategic limitation of market accessibility : search platform design and welfare
Teh, Christopher; Wang, Chengsi; Watanabe, Makoto - 2023
This paper explores the relationship between market accessibility and various participants' welfare in an intermediated directed-search market. For a general class of meeting technologies, we provide a necessary and sufficient condition under which efficiency requires imperfect accessibility,...
Persistent link: https://www.econbiz.de/10014295063
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Platform intermediation in a market for differentiated products
Galeotti, Andrea (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003674369
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Petty corruption and citizen feedback
Angelucci, Charles; Russo, Antonio - 2015
Numerous countries are introducing citizen feedback schemes to tame corruption. We study how best to incorporate feedback in public officials' incentives. The main novelty of our proposal is to allow citizens to directly influence officials' pay. We consider a situation in which entrepreneurs...
Persistent link: https://www.econbiz.de/10011343756
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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 - 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/10009772816
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Labor market equilibrium with public employment agency
Holzner, Christian; Watanabe, Makoto - 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/10010492334
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Inventory control and intermediation in global supply chains
Zhan, Qu; Raff, Horst; Schmitt, Nicolas - 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/10010496944
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A theory of repurchase agreements, collateral re-use, and repo intermediation
Gottardi, Piero; Maurin, Vincent; Monnet, Cyril - 2017
and generates a "collateral multiplier" effect. Finally, we show that intermediation by dealers may endogenously arise in …
Persistent link: https://www.econbiz.de/10011687978
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Brokering votes with information spread via social networks
Duarte, Raúl; Finan, Frederico S.; Larreguy, Horacio; … - 2024
Politicians rely on political brokers to buy votes throughout much of the developing world. We investigate how social networks facilitate these vote-buying exchanges. Our conceptual framework suggests brokers should be particularly well-placed within the network to learn about non-copartisans’...
Persistent link: https://www.econbiz.de/10015070061