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over seller quality. Typically, these markets use reputation systems to alleviate this issue, but the effectiveness of … auction, or wait for more bids. In the process, she trades-off sellers’ price, reputation, other attributes, and the costs of … waiting and canceling. Our framework addresses ‘dynamic selection’, which can lead to underestimation of reputation, through …
Persistent link: https://www.econbiz.de/10014039786
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Online ratings play an important role in many markets. However, how fast they can reveal seller types remains unclear. To study this question, we propose a new model in which a buyer learns about the seller’s type from previous ratings and her own experience and rates the seller if she learns...
Persistent link: https://www.econbiz.de/10014556695
The development of internet technology has reshaped the market structure for many products. We study the price …
Persistent link: https://www.econbiz.de/10013244962
We analyze a market where firms compete in a conventional and an electronicretail channel. Consumers easily compare prices online, but some incur purchaseuncertainties on the online channel. We investigate the market shares of the two retailchannels and the prices that are charged. We find that...
Persistent link: https://www.econbiz.de/10011326968
The internet giants - Facebook, Amazon, Netflix and Google, among others - have transformed society with both positive … internet giants are multisided markets (MSM); their economic rents are "hidden" from the public. On the user-side of the market … rents are not so obvious. This paper addresses the monopolistic/monopsony aspect of the internet giants. In the singlesided …
Persistent link: https://www.econbiz.de/10012151937
This online appendix to "Insulated Platform Competition" includes proofs and details of our applications.The paper to which these Appendices apply is available at the following URL: "http://ssrn.com/abstract=1694317" http://ssrn.com/abstract=1694317
Persistent link: https://www.econbiz.de/10013004812
is not present for a pure Internet player, we show that these firms will start online retail channels under a much wider … starting up an Internet retail channel themselves. We also show that a low cost of building up an online retail channel or …
Persistent link: https://www.econbiz.de/10014028010
Consumer credit is now often instantly available on E-commerce platforms. This paper incorporates the liquidity provision into the consideration of platform competition. A platform needs to strike a balance between consumer rebates and consumer credit. We show that if there is an insufficient...
Persistent link: https://www.econbiz.de/10013405821
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