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Searching for service
Janssen, Maarten C. W.; Ke, T. Tony - 2018
Since Telser (1960), there is a well-established argument that a competitive market will not provide service due to free-riding. We show that with search frictions, the market may well provide service if the cost of doing so is not too large. Any market equilibrium with service provision has two...
Persistent link: https://www.econbiz.de/10011942341
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Estimating demand in search markets : the case of online hotel bookings
Koulayev, Sergei - 2009
; second, they are endogenous to preferences. Both factors lead to biased estimates in a static demand framework that takes …
Persistent link: https://www.econbiz.de/10003914087
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Price disclosure rules and consumer price comparison
Stühmeier, Torben - 2014
Search frictions are regarded as a major impediment to active competition in many markets. In some markets, such as financial and retail gasoline, governments and consumer protection agencies call for compulsory price reporting. Consumers could then more easily compare the firms' offers. We...
Persistent link: https://www.econbiz.de/10010425461
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Price disclosure rules and consumer price comparison : conference paper
Stühmeier, Torben - 2014
Search frictions are classified as a main impediment to active competition in many markets. In some markets, such as in financial and retail gasoline markets, governments and consumer protection agencies call for a compulsory price reporting. Consumers should then more easily compare the firms'...
Persistent link: https://www.econbiz.de/10010487276
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Advertising, Consumer Awareness, and Choice : Evidence from the U.S. Banking Industry
Honka, Elisabeth - 2016
How does advertising influence consumer decisions and market outcomes? We utilize detailed data on consumer shopping behavior and choices over bank accounts to investigate the effects of advertising on the different stages of the shopping process: awareness, consideration, and choice. We...
Persistent link: https://www.econbiz.de/10013003569
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Happily ever after? - vertical and horizontal mergers in the U.S. media industry
Stöhr, Annika; Noskova, Victoriia; Kunz-Kaltenhäuser, … - 2019
media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine …This paper provides an economic analysis of recent vertical and horizontal mergers in the U.S. industry for audiovisual … economic effects of these types of mergers on market competition, focusing on digital media content distribution. In doing so …
Persistent link: https://www.econbiz.de/10012011207
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Directed search in the housing market
Albrecht, James W.; Gautier, Pieter; Vroman, Susan B. - 2009
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the way houses are bought and sold in the United States. Our model is consistent with the observation that houses are sometimes sold above, sometimes below and sometimes at the...
Persistent link: https://www.econbiz.de/10011379608
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Directed search in the housing market
Albrecht, James W.; Gautier, Pieter; Vroman, Susan B. - 2009
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the way houses are bought and sold in the United States. Our model is consistent with the observation that houses are sometimes sold above, sometimes below and sometimes at the...
Persistent link: https://www.econbiz.de/10003932400
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Applications and interviews : a structural analysis of two-sided simultaneous search
Wolthoff, Ronald - 2010
A large part of the literature on frictional matching in the labor market assumes bilateral meetings between workers and firms. This ignores the frictions that arise when workers and firms meet in a multilateral way and cannot coordinate their application and hiring decisions. I analyze the...
Persistent link: https://www.econbiz.de/10009315282
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Nonparametric estimation of the costs of non-sequential search
Moraga-González, José Luis; Sándor, Zsolt; … - 2007
Persistent link: https://www.econbiz.de/10003645046