Showing 101 - 110 of 778,244
Platforms may give preferential treatment to their own products in search results. Whether and how to regulate this self-preferencing behavior is an intensely debated antitrust issue. This paper identifies self-preferencing and quantifies its equilibrium welfare effects in Apple App Store. I...
Persistent link: https://www.econbiz.de/10013419345
Platforms often display their products ahead of third-party products in search. Is this due to consumers preferring platform-owned products or platforms engaging in self-preferencing by biasing search towards their own products? What are the welfare implications? I develop a structural model of...
Persistent link: https://www.econbiz.de/10014495178
. Under a mild condition, policies that restore efficiency should lean against the wind to manage aggregate demand and supply …
Persistent link: https://www.econbiz.de/10012897876
of demand composition and demand size with limited information on costs. We show how pharmacists in Italy selectively …
Persistent link: https://www.econbiz.de/10010409981
This paper presents an empirical examination of oligopoly pricingand consumer search. The theoretical model allows for sequential andnon-sequential search and using the theoretical restrictions firm andconsumer behavior impose on the data we study the empirical validity of themodels. Two...
Persistent link: https://www.econbiz.de/10010325459
business-stealing effect and fixed costs. Similarly, sunset industries with declining demand tend to be riddled with chronic … else's divestment, hoping to steal their business. This paper highlights the potential of mergers to internalize this … business-stealing effect and thereby promote divestment. Using the case of mergers in the Japanese cement industry, it examines …
Persistent link: https://www.econbiz.de/10013039086
This note explores asymmetries in the way consumers sample prices in a simple variation of Stahl's (1989) seminal model of sequential search. In the note, we characterize a unique equilibrium in which a firm that caters to more local consumers selects prices from a distribution which first order...
Persistent link: https://www.econbiz.de/10013008872
We study information sharing between competing sellers in markets where consumers sample sellers sequentially. Sellers can disclose to their rival when they encounter a specific buyer. Providing this information, which we call search disclosure, can enable all forms of search history-based price...
Persistent link: https://www.econbiz.de/10014243418
I develop a model of rent seeking with informational foundations and an arbitrary number of rent seekers, and I compare the results with Tullock's (1980) classic model where the influence activities are "black-boxed." Given the microfoundations, the welfare consequences of rent seeking can be...
Persistent link: https://www.econbiz.de/10014055780
search costs play a positive role, whose effect may outweigh the negative implications. As workers are provided incentives to …
Persistent link: https://www.econbiz.de/10009517818