offers especially when many consumers prefer comparable offers. This occurs after initial periods with strong competition and … leads to lower welfare for all consumers. In treatments where firms cannot monitor the competition, firms end up having to …. They are faced with artificial demand from consumers who make mistakes when assessing the net value of products on the …

Despite the mixed empirical evidence, many economists stillhold to the view that Internet will promote competition … view. We analyzethemarket for a homogeneous good where some consumers are fully informedwhile others are not. Depending on … these equilibria. For example, a reduction insearch cost may raise equilibrium prices when consumers' searchintensity is low …

for the consumers, and even automatically form coalitions of buyers to enjoy better terms, thereby replacing human … decision-making. Algorithmic consumers have the potential to change dramatically the way we conduct business, raising new …, which should be adjusted to a reality of consumers making their purchase decisions via algorithms. Despite this challenge …

prices on both sides of the market, most of the literature has avoided models with Bertrand competition on both sides or has … policy simulation in the context of competition policy, it is important that equilibria exist and are unique. Otherwise, one …

incumbent has a captive consumer base, and all consumers have heterogeneous tastes. The interaction of the share of captive … consumers with the degree of taste heterogeneity leads to non-monotone effects of both parameters on entry. In particular, a ….e., less product substitutability) can impede entry in the presence of captive consumers. Considering these effects together …

We analyze platform competition where user data is collected to improve adtargeting. Considering that users incur … overall competition is weak or if targeting benefits are low, too much private data is collected, and vice-versa. Further, we … find that softer competition on either market side leads to more data collection, which implies substitutability between …

prices and features of goods without incurring search costs. The platform alleviates sellers' competition by charging them … transaction fees that increase with sales revenue, and extracts surplus via membership fees. It prices consumers' membership below … membership and per transaction while letting consumers access website for free. …