Similar Search Results

Returns to Consumer Search : Evidence from Ebay

Blake, Tom - 2016

A growing body of empirical literature finds that consumers are relatively limited in how much they search over product characteristics. We assemble a dataset of search and purchase behavior from eBay to quantify the returns, and thus implied costs, to consumer search on the internet. The...

Persistent link: https://www.econbiz.de/10012989733

Income Differences and Prices of Tradables : Insights from an Online Retailer

Simonovska, Ina - 2010

I study the positive relationship between prices of tradable goods and per-capita income. I develop a highly tractable general equilibrium model of international trade with heterogeneous firms and non-homothetic consumer preferences that positively links prices of tradables to consumer income....

Persistent link: https://www.econbiz.de/10013139751

Assessing the Gains from E-Commerce

Dolfen, Paul - 2019

E-Commerce represents a rapidly growing share of consumer spending in the U.S. We use transactions-level data on credit and debit cards from Visa, Inc. between 2007 and 2017 to quantify the resulting consumer surplus. We estimate that E-Commerce spending reached 8% of consumption by 2017,...

Persistent link: https://www.econbiz.de/10012891324

Price Setting in Online Markets : Basic Facts, International Comparisons, and Cross-Border Integration

Gorodnichenko, Yuriy - 2014

We document basic facts about prices in online markets in the U.S. and Canada, a rapidly growing segment of the retail sector. Relative to prices in regular stores, prices in online markets are more flexible as well as exhibit stronger pass-through (60-75 percent) and faster convergence...

Persistent link: https://www.econbiz.de/10013048594

Internet Rising, Prices Falling : Measuring Inflation in a World of E-Commerce

Goolsbee, Austan D. - 2018

We use Adobe Analytics data on online transactions for millions of products in many different categories from 2014 to 2017 to shed light on how online inflation compares to overall inflation, and to gauge the magnitude of new product bias online. The Adobe data contain transaction prices and...

Persistent link: https://www.econbiz.de/10012918079

Connecting the Countryside Via E-Commerce : Evidence from China

Couture, Victor - 2018

This paper estimates the impact of the first nation-wide e-commerce expansion program on rural households. To do so, we combine a randomized control trial with new survey and administrative microdata. In contrast to existing case studies, we find little evidence for income gains to rural...

Persistent link: https://www.econbiz.de/10012925275

Who Benefits from Online Gig Economy Platforms?

Stanton, Christopher; Thomas, Catherine - 2023

This paper estimates the magnitude and distribution of surplus from the knowledge worker gig economy using data from an online labor market. Labor demand elasticities determine workers’ wages, and buyers’ past market experience shapes both their job posting frequency and hiring rates. We...

Persistent link: https://www.econbiz.de/10014346585

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 which a marketplace uses buyer protection to promote buyer …

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

How Artificial Intelligence and Machine Learning Can Impact Market Design

Milgrom, Paul R. - 2018

In complex environments, it is challenging to learn enough about the underlying characteristics of transactions so as to design the best institutions to efficiently generate gains from trade. In recent years, Artificial Intelligence has emerged as an important tool that allows market designers...

Persistent link: https://www.econbiz.de/10012928311

Designing Online Marketplaces : Trust and Reputation Mechanisms

Luca, Michael - 2016

small sellers. One central challenge faced by designers of online marketplaces is how to build enough trust to facilitate … transactions between strangers. This paper provides an economist's toolkit for designing online marketplaces, focusing on trust and …

Persistent link: https://www.econbiz.de/10012983416

1
2
3
4
5
6
7
8
9
10
Next
Last