Choi, Young Jun; Suh, Chung Suk - In: Papers in Regional Science 84 (2005) 4, pp. 597-614
This article studies the impact of the death of geographical distance brought about by e-marketplaces on market equilibrium and social welfare. A partial equilibrium model for an economy with and without e-marketplaces is developed. It is shown that e-marketplaces lower the price level and...