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Do Online Marketplaces Become More Efficient Over Time?
Fradkin, Andrey - NET Institute - 2012
data from a growing online platform that matches travelers and hosts to study matching and transaction costs on online … platforms. I show that the matching probability for guests has increased by 18% over a span of two years on the platform. I then … show that the increase in efficiency holds even when controlling for the search intensity of guests, the change in the …
Persistent link: https://www.econbiz.de/10010584160
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The Stability of Price Dispersion under Seller and Consumer Learning (first version)
Hopkins, Ed; Seymour, Robert M - School of Economics, University of Edinburgh - 2004
of costly search to discover prices. We ask whether such equilibria can be learnt when sellers adjust proces adaptively …
Persistent link: https://www.econbiz.de/10005369072
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Optimistic, but not in Control: Life-Orientation and the Theory of mixed Control
Urbig, Diemo; Monsen, Erik - Wirtschaftswissenschaftliche Fakultät, … - 2009
Why are some people more optimistic about their life than others? Literature on locus of control suggests that optimism is associated with the belief that one’s life outcomes are controlled by internal factors, such as ability, instead of external factors, such as powerful others or...
Persistent link: https://www.econbiz.de/10005051053
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The Stability of Price Dispersion under Seller and Consumer Learning
Hopkins, Ed; Seymour, Robert M - School of Economics, University of Edinburgh - 2004
of costly search to discover prices. We ask whether such equilibria can be learnt when sellers adjust proces adaptively …
Persistent link: https://www.econbiz.de/10005750734
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Naive Reinforcement Learning With Endogenous Aspiration
Börgers, Tilman; Sarin, Rajiv - ESRC Centre for Economic Learning and Social Evolution …
matching" effects. …
Persistent link: https://www.econbiz.de/10005636463
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The Advertising Mix for a Search Good
Renault, Régis; Anderson, Simon P. - Université Paris-Dauphine (Paris IX) - 2013
We extend the persuasion game to bring it squarely into the economics of advertising. We model advertising as exciting consumer interest into learning more about the product, and determine a firm's equilibrium choice of advertising content over quality information, price information, and...
Persistent link: https://www.econbiz.de/10010733987
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Cheap talk with multiple strategically interacting audiences: An experimental study
Li X.; Peeters R.J.A.P. - Graduate School of Business and Economics (GSBE), … - 2013
We consider a cheap-talk setting that mimics the situation where an incumbent firm the sender is endowed with incentives to understate the true size of the market demand to two potential entrants the receivers. Although our experimental data reveals that senders messages convey truthful...
Persistent link: https://www.econbiz.de/10010734891
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Beliefs dynamics in communication networks
Azomahou T.T.; Opolot D. - United Nations University-Maastricht Economic Research … - 2014
We study the dynamics of individual beliefs and information aggregation when agents communicate via a social network. We provide a general framework of social learning that captures the interactive effects of three main factors on the structure of individual beliefs resulting from such a dynamic...
Persistent link: https://www.econbiz.de/10010779338
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Beyond product innovation; improving innovation policy support for SMEs in traditional industries
Wintjes R.J.M.; Douglas D.; Fairburn J.; Hollanders H.J.G.M. - United Nations University-Maastricht Economic Research … - 2014
Innovation support measures in the EU are mostly designed to support product innovation in RD intensive sectors. To increase the still considerable contribution to regional employment and competitiveness from SMEs in traditional manufacturing industries a broader innovation policy mix is more...
Persistent link: https://www.econbiz.de/10010779341
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Information percolation in segmented markets
Duffie, Darrell; Malamud, Semyon; Manso, Gustavo - In: Journal of Economic Theory 153 (2014) C, pp. 1-32
We study equilibria of dynamic over-the-counter markets in which agents are distinguished by their preferences and information. Over time, agents are privately informed by bids and offers. Investors differ with respect to information quality, including initial information precision, and also in...
Persistent link: https://www.econbiz.de/10011042991