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Does the social comparison still intensify the competition among sellers in volatile markets? In this paper, we study the price competition in markets with volatile sizes and, importantly, with sellers that socially compare their profits with each other ex post for any realization of market...
Persistent link: https://www.econbiz.de/10014244041
We consider an infinite-horizon dynamic matching problem where the agents on one side, say supply side, are long-lived, and those on the other, say demand side, are impatient and will get lost if unmatched upon arrival. The agents on either side are vertically differentiated with a high- or...
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Motivated by the emerging sharing economy, we study an on-demand matching platform that crowdsources a service from independent suppliers and sells it to customers. The platform offers a wage to the supply side and charges a price to the demand side. We consider a set of market conditions, under...
Persistent link: https://www.econbiz.de/10012854417
Problem definition: We consider an intermediary’s problem of dynamically matching demand and supply of heterogeneous types in a periodic-review fashion. Specifically, there are two disjoint sets of demand and supply types, and a reward for each possible matching of a demand type and a supply...
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