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Adverse selection induces economic limits to market substitution. If quality uncertainty persists in both internet and … traditional marketplaces, a second-best equilibrium with parallel market segments may arise. Positive trade in parallel segments … segments, while the traditional market may lack some segments. These missing segments are characterized by low quality …
Persistent link: https://www.econbiz.de/10009491592
the institutes of competition policy, especially the control of market power, cartels and mergers, will be examined. We …
Persistent link: https://www.econbiz.de/10010506646
We investigate the relation between Net Neutrality regulation and Internet fragmentation. We model a two-sided market … identify an important link between termination fees, the online advertising market and Internet fragmentation. We extend the …
Persistent link: https://www.econbiz.de/10010479015
The Internet has become an integral part of the everyday life of households, firms and governments. Its proper functioning over the long run is therefore crucial for economic growth and people’s wellbeing more generally. The success of the Internet depends on its openness and the confidence of...
Persistent link: https://www.econbiz.de/10010464865
fair price and protect themselves from market volatility. These contract exchanges have greatly benefitted both their …
Persistent link: https://www.econbiz.de/10013118653
This paper explains why platforms such as Amazon and Visa rely predominantly on ad-valorem fees, fees which increase proportionally with transaction prices. It also provides a new explanation for why ad-valorem sales taxes are more desirable than specific taxes. The theory rests on the ability...
Persistent link: https://www.econbiz.de/10013064959
factors identified in the literature including vendor strategy, market structure, vendor heterogeneity and the time dimension … the maturity of the market. Consistent with our finding that price dispersion increases with the number of sellers, less … price dispersion: a French law limiting discounting on new books results in lower price dispersion in the French book market …
Persistent link: https://www.econbiz.de/10013069725
We present a model of a market failure based on a requirement provision by digital platforms in the acquisition of … personal information from users of other products/services. We establish the economic harm from the market failure and the … requirement using traditional antitrust methodology. Eliminating the requirement and the market failure by creating a functioning …
Persistent link: https://www.econbiz.de/10012842782
amounts of Data for production. We review papers characterizing the nature of social harms caused by market power and the role … of competition FOR the market and IN the market to relief some of that harm. Special emphasis is given to the role of (i …
Persistent link: https://www.econbiz.de/10012843389
market via e-commerce exports. I conduct a survey of Chinese cross-border online consumers to identify constraining and …
Persistent link: https://www.econbiz.de/10012953804