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of demand composition and demand size with limited information on costs. We show how pharmacists in Italy selectively …
Persistent link: https://www.econbiz.de/10010409981
We study the entrance in a retail market of consumers who are less elastic because of hurriedness and lack of information. Theory predicts that firms react by increasing prices to expand surplus extraction, but this effect weakens as market competition increases. High frequency data from Italian...
Persistent link: https://www.econbiz.de/10012940289
of demand composition and demand size with limited information on costs. We show how pharmacists in Italy selectively …
Persistent link: https://www.econbiz.de/10013046241
We study an inflow of buyers who are less elastic because they lack both time and information. Theory predicts that sellers increase prices to expand surplus appropriation, even if marginal costs are non-increasing, but this effect weakens as market competition intensifies. Data from Italian...
Persistent link: https://www.econbiz.de/10013080319
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The diffusion of Temporary Work Agency (TWA) jobs originated a harsh policy debate and ambiguous empirical evidence. Results for the US, based on quasi-experimental evidence, suggest that a TWA assignment decreases the probability of finding a stable job, while results for Europe, based on the...
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