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Search frictions, competing mechanisms and optimal market segmentation
Cai, Xiaoming; Gautier, Pieter; Wolthoff, Ronald - 2016
In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...
Persistent link: https://www.econbiz.de/10011481312
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Implementing efficient market structure
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2000
This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the regulator is unable to control the behavior of firms once they are in the market. We adapt the Clark-Groves mechanism, characterize the optimal mechanism that maximizes the weighted...
Persistent link: https://www.econbiz.de/10009781544
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Constraints on matching markets based on moral concerns
Huesmann, Katharina; Wambach, Achim - 2015
Various markets ban or heavily restrict monetary transfers. This is often motivated by moral concerns. However, it appears to be disputable whether the observed restrictions on transfers are the appropriate market design answer to these concerns. Instead of exogenously restricting transfers on a...
Persistent link: https://www.econbiz.de/10010519953
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On the evolution of market institutions : the platform design paradox
Alós-Ferrer, Carlos (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003498643
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The limits of marketplace fee discrimination
Tremblay, Mark J. - 2021
Platforms often use fee discrimination within their marketplace (e.g., Amazon, eBay, and Uber specify a variety of merchant fees). To better understand the impact of marketplace fee discrimination, we develop a model that allows us to determine equilibrium fee and category decisions that depend...
Persistent link: https://www.econbiz.de/10012692299
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Lock-in effects in online labor markets
Ciotti, Fabrizio; Hornuf, Lars; Stenzhorn, Eliza - 2021
This article reports on an investigation of the role of lock-in exploitation and the impact of reputation portability on workers’ switching behaviors in online labor markets. Online platforms using reputation mechanisms typically prevent users from transferring their ratings to other...
Persistent link: https://www.econbiz.de/10012652857
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The internet as a tax haven?
Agrawal, David R. - 2021
avoidance; but, if online firms remit taxes, online sales may put upward pressure on tax rates because internet sales help … enforce destination-based taxes. I find that higher internet penetration generally results in lower municipal tax rates, but … standard deviation increase in internet penetration lowers local sales taxes in large municipalities by 0.15 percentage points …
Persistent link: https://www.econbiz.de/10012485221
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Learning from online ratings
Hui, Xiang; Klein, Tobias J.; Stahl, Konrad - 2024
Online ratings play an important role in many markets. However, how fast they can reveal seller types remains unclear. To study this question, we propose a new model in which a buyer learns about the seller’s type from previous ratings and her own experience and rates the seller if she learns...
Persistent link: https://www.econbiz.de/10014556695
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The quantitative view of Myerson regularity
Schweizer, Nikolaus; Szech, Nora - 2016
In mechanism design, Myerson regularity is often too weak for a quantitative analysis of performance. For instance, ratios between revenue and welfare, or sales probabilities may vanish at the boundary of Myerson regularity. This paper therefore explores the quantitative version of Myerson...
Persistent link: https://www.econbiz.de/10011416003
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Revelation principle with persistent correlated types : impossibility result
Kwon, Suehyun - 2019 - First draft: July 28, 2019
This paper studies the revelation principle for mechanisms with limited commitment when agents have correlated persistent types over the infinite horizon. After characterizing necessary and sufficient conditions to construct a mechanism with same ex-ante payoffs and interim beliefs to all...
Persistent link: https://www.econbiz.de/10012050802