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What are the implications of digitalization for prices? This paper explores this question by looking at the various channels through which digitalization can affect prices. First, we assess the importance of the direct channel - the prices of digital goods and services in the consumer price...
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We study the role of intermediaries (brokers) in the Canadian mortgage market. In this market, consumers can search for quotes in one of two ways: on their own or via a broker. We provide descriptive evidence that borrowers who transact through brokers are different from those who do not....
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This paper studies the impact of software piracy on prominent and non-prominent software developers in markets based on … prominent software into account. We show that prominent software exhibits higher piracy rates than non-prominent software …. However, contrary to intuition, this does not necessarily mean that prominent software developers benefit more from increased …
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