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Sticky Prices, Coordination and Collusion
Driscoll, John C.; Ito, Harumi - 2021
; this is equivalent to modeling firms as an implicit cartel playing a punishment game. We show that coordination can …
Persistent link: https://www.econbiz.de/10013249355
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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
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Best Prices : Price Discrimination and Consumer Substitution
Chevalier, Judith A. - 2014
We propose a method for aggregating prices when retailers use periodic sales to price-discriminate amongst heterogeneous customers. To do so, we introduce a model in which Loyal customers buy one brand and do not strategically time purchases, while Bargain Hunters always pay the lowest price...
Persistent link: https://www.econbiz.de/10013039762
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Consumer Information and Price Discrimination : Does the Internet Affect the Pricing of New Cars to Women and Minorities?
Scott Morton, Fiona M.; Zettelmeyer, Florian; … - 2021
Mediating transactions through the Internet removes important cues that salespeople can use to assess a consumer's willingness to pay. We analyze whether dealers' difficulty in identifying consumer characteristics on the Internet and consumers' ease in finding information affects equilibrium...
Persistent link: https://www.econbiz.de/10013242893
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Discounts and Deadlines in Consumer Search
Coey, Dominic - 2016
We present a new equilibrium search model where consumers initially search among discount opportunities, but are willing to pay more as a deadline approaches, eventually turning to full-price sellers. The model predicts equilibrium price dispersion and rationalizes discount and full-price...
Persistent link: https://www.econbiz.de/10012997890
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Learning from Seller Experiments in Online Markets
Einav, Liran - 2013
The internet has dramatically reduced the cost of varying prices, displays and information provided to consumers, facilitating both active and passive experimentation. We document the prevalence of targeted pricing and auction design variation on eBay, and identify hundreds of thousands of...
Persistent link: https://www.econbiz.de/10013092391
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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
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Marketing Agencies and Collusive Bidding in Online Ad Auctions
Decarolis, Francesco - 2017
The transition of the advertising market from traditional media to the internet has induced a proliferation of marketing agencies specialized in bidding in the auctions that are used to sell ad space on the web. We analyze how collusive bidding can emerge from bid delegation to a common...
Persistent link: https://www.econbiz.de/10012944647
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Collusion at the Extensive Margin
Byford, Martin C. - 2014
from, individual markets. We show that this gives rise to a new mechanism by which a cartel can sustain a collusive …
Persistent link: https://www.econbiz.de/10013053469
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Entry and Predation : British Shipping Cartels 1879-1929
Scott Morton, Fiona M. - 2021
century. These established markets are completely dominated by an incumbent cartel composed of several member shipping lines …. The cartel makes the decision whether or not to begin a price war against the entrant; some entrants are formally admitted … to the cartel without any conflict. I use characteristics of the entrant to predict whether or not the entrant will …
Persistent link: https://www.econbiz.de/10013222218