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This paper addresses the pricing problem of an online service marketplace under asymmetric information. An example is an online learning platform such as Coursera that provides courses from suppliers (in this case, universities) to learners. We focus on the matching function of the marketplace...
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Online retail reduces the costs of obtaining information about a product's price and availability and of flexibly timing a purchase. Consequently, consumers can strategically time their purchases, weighing the costs of monitoring and the risk of inventory depletion against prospectively lower...
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