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Price Mathing Guarantees and Consumer Search

Janssen, Maarten; Parakhonyak, Alexei - National Research University Higher School of Economics - 2011

accounting for the possible execution of PMGs, rms prots are larger under PMGs than without. We also consider the incentives of …

Persistent link: https://www.econbiz.de/10010717755

Price matching guarantees and consumer search

Janssen, Maarten C.W.; Parakhonyak, Alexei - In: International Journal of Industrial Organization 31 (2013) 1, pp. 1-11

offered than in an equilibrium without PMGs. We also consider the incentives of firms to choose PMGs and show that an …

Persistent link: https://www.econbiz.de/10010608441

Minimum Price Guarantees In a Consumer Search Model

Janssen, Maarten; Parakhonyak, Alexei - Tinbergen Institute - 2009

This paper is the first to examine the effect of minimum price guarantees

Persistent link: https://www.econbiz.de/10008513220

Pricing, Consumer Search and the Size of Internet Markets

Janssen, Maarten C.W.; Moraga, Jose Luis - 2000

Despite the mixed empirical evidence, many economists stillhold to the view that Internet will promote competition betweenfirms,thereby lowering prices and increasing economic welfare. This paperpresents a search model that provides a different view. We analyzethemarket for a homogeneous good...

Persistent link: https://www.econbiz.de/10010324437

Two Firms is enough for Competition, but Three or More is better

Janssen, Maarten C.W.; Moraga, Jose Luis - Tinbergen Instituut - 2001

We present an oligopoly model where a certain fraction of consumers engage in costly non-sequential search to discover prices. There are three distinct price dispersed equilibria characterized by low, moderate and high search intensity, respectively. We show that the effects of an increase in...

Persistent link: https://www.econbiz.de/10011255756

Apparent Competition in Two-Sided Platforms

Guven, Gokhan; Inci, Eren; Russo, Antonio - 2017

We study a platform’s design of membership and transaction fees when sellers compete and buyers cannot observe the 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...

Persistent link: https://www.econbiz.de/10011744966

Two Firms is enough for Competition, but Three or More is better

Janssen, Maarten C.W.; Moraga, José Luis - Tinbergen Institute - 2001

Persistent link: https://www.econbiz.de/10005137310

On Mergers in Consumer Search Markets

Janssen, Maarten C.W.; Moraga-Gonzalez, Jose Luis - Tinbergen Instituut - 2007

post-merger. We show that this change in the search composition of demand makes mergers incentive-compatible for the firms … primary effects of a merger. Our main result is that the level of search costs are crucial in determining the incentives of …We study mergers in a market where N firms sell a homogeneous good and consumers search sequentially to discover prices …

Persistent link: https://www.econbiz.de/10011255485

On Mergers in Consumer Search Markets

Janssen, Maarten C.W.; Moraga-González, José Luis - Tinbergen Institute - 2007

post-merger. We show that this change in the search composition of demand makes mergers incentive-compatible for the firms … primary effects of a merger. Our main result is that the level of search costs are crucial in determining the incentives of …We study mergers in a market where <I>N</I> firms sell a homogeneous good and consumers search sequentially to discover …

Persistent link: https://www.econbiz.de/10005136862

Price Guarantees, Consumer Search, and Hassle Costs

Baake, Pio - 2013

The paper deals with the competitive effects of price guarantees in a spatial duopoly where consumers can search for lower prices but have to incur hassle costs if they want to claim a price guarantee. It is shown that symmetric equilibria with and without price guarantees exist but price...

Persistent link: https://www.econbiz.de/10013072756