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Banning Foreign Pharmacies from Sponsored Search : The Online Consumer Response

Chesnes, Matthew - 2014

Increased competition from the internet has raised concerns about the quality of prescription drugs sold online. Given the pressure from the Department of Justice, Google agreed to ban pharmacies not certified by the National Association of Boards of Pharmacy (NABP) from sponsored search...

Persistent link: https://www.econbiz.de/10013054516

Consumer Price Search and Platform Design in Internet Commerce

Dinerstein, Michael - 2015

Search frictions can explain why the "law of one price" fails in retail markets and why even firms selling commodity products have pricing power. In online commerce, physical search costs are low, yet price dispersion is common. We use browsing data from eBay to estimate a model of consumer...

Persistent link: https://www.econbiz.de/10013032706

Online Syndicates and Startup Investment

Catalini, Christian - 2019

Early crowdfunding platforms were based on a premise of disintermediation from professional investors, and relied on the ‘wisdom of the crowd' to screen high quality projects. This becomes problematic when equity is involved, as the degree of asymmetric information between entrepreneurs...

Persistent link: https://www.econbiz.de/10012898850

The Impact of E-Commerce on Relative Prices and Consumer Welfare

Jo, Yoon; Matsumura, Misaki; Weinstein, David E. - 2021

This paper examines the impact of e-commerce on pricing behavior and welfare. Using Japanese data, we find that the entry of e-commerce firms significantly raised the rate of intercity price convergence for goods sold intensively online, but not for other goods. E-commerce also lowered relative...

Persistent link: https://www.econbiz.de/10013224963

More Trusting, Less Trust? An Investigation of Early E-Commerce in China

Cai, Hongbin - 2013

Trust is vital for market development, but how can trust be enhanced in a marketplace? A common view is that more trusting may help to build trust, especially in less developed economies. In this paper, we argue that more trusting may lead to less trust. We set up a rational expectation model in...

Persistent link: https://www.econbiz.de/10013083391

Buying Reputation as a Signal of Quality : Evidence from an Online Marketplace

Li, Lingfang (Ivy) - 2016

Reputation is critical to foster trust in online marketplaces, yet leaving feedback is a public good that can be under-provided unless buyers are rewarded for it. Signaling theory implies that only high quality sellers would reward buyers for truthful feedback. We explore this scope for...

Persistent link: https://www.econbiz.de/10012983684

Does Information Undermine Brand? Information Intermediary Use and Preference for Branded Web Retailers

Waldfogel, Joel; Chen, Lu - 2021

Investments in brand provide one method for vendors to become known and convince potential customers that vendors will … their commitments can serve a similar function and may undermine investments in brand. This study uses a 13-month panel … whether information use undermines brand. We find that individuals who take up using price comparison sites reduce their …

Persistent link: https://www.econbiz.de/10013244355

Incentives Can Reduce Bias in Online Reviews

Marinescu, Ioana - 2018

Online reviews are a powerful means of propagating the reputations of products, services, and even employers. However, existing research suggests that online reviews often suffer from selection bias—people with extreme opinions are more motivated to share them than people with moderate...

Persistent link: https://www.econbiz.de/10012925901

The Impact of Large-Scale Social Media Advertising Campaigns on COVID-19 Vaccination : Evidence from Two Randomized Controlled Trials

Ho, Lisa; Breza, Emily; Alsan, Marcella; Banerjee, … - 2022

COVID-19 vaccines are widely available in wealthy countries, yet many people remain unvaccinated. Understanding the effectiveness -- or lack thereof -- of popular vaccination campaign strategies is therefore critical. In this paper, we report results from two studies that tested strategies...

Persistent link: https://www.econbiz.de/10014240719

Content Aggregation by Platforms : The Case of the News Media

Chiou, Lesley - 2015

The digitization of content has led to the emergence of platforms that draw information from multiple sources. Policymakers are concerned that these new platforms threaten incentives for the production of original content. As a result, policymakers are contemplating regulations that would force...

Persistent link: https://www.econbiz.de/10013018713