Similar Search Results

Sales Mechanisms in Online Markets: What Happened to Internet Auctions?

Levin, Jonathan; Einav, Liran; Farronato, Chiara; … - National Bureau of Economic Research (NBER) - 2013

Consumer auctions were very popular in the early days of internet commerce, but today online sellers mostly use posted prices. Data from eBay shows that compositional shifts in the items being sold, or the sellers offering these items, cannot account for this evolution. Instead, the returns to...

Persistent link: https://www.econbiz.de/10010796544

Consumer Price Search and Platform Design in Internet Commerce

Levin, Jonathan; Dinerstein, Michael; Einav, Liran; … - National Bureau of Economic Research (NBER) - 2014

Search frictions can explain why the "law of one price" fails in retail markets and why even firms selling commodity products have pricing power. In online commerce, physical search costs are low, yet price dispersion is common. We use browsing data from eBay to estimate a model of consumer...

Persistent link: https://www.econbiz.de/10010951027

Economic Perspectives on Software Design: PC Operating Systems and Platforms

Davis, Steven; Murphy, Kevin M.; MacCrisken, Jack - National Bureau of Economic Research (NBER) - 2001

Improvements in the software that provides hardware management, user interface and platform functions have played a … components of PC systems so as to keep pace with rapid advances in computer technologies the development of applications software … responsibility for making the interacting components of the PC work together. D. The desire to bundle multiple software features into …

Persistent link: https://www.econbiz.de/10005579979

Quantifying Equilibrium Network Externalities in the ACH Banking Industry

Ackerberg, Daniel; Gowrisankaran, Gautam - National Bureau of Economic Research (NBER) - 2006

We seek to determine the causes and magnitudes of network externalities for the automated clearinghouse (ACH) electronic payments system. We construct an equilibrium model of customer and bank adoption of ACH. We structurally estimate the parameters of the model using an indirect inference...

Persistent link: https://www.econbiz.de/10005248692

Learning from Seller Experiments in Online Markets

Levin, Jonathan; Einav, Liran; Kuchler, Theresa; … - National Bureau of Economic Research (NBER) - 2011

The internet has dramatically reduced the cost of varying prices, displays and information provided to consumers, facilitating both active and passive experimentation. We document the prevalence of targeted pricing and auction design variation on eBay, and identify hundreds of thousands of...

Persistent link: https://www.econbiz.de/10009278237

Production Targets

Caruana, Guillermo; Einav, Liran - National Bureau of Economic Research (NBER) - 2006

We present a dynamic quantity setting game, where players may continuously adjust their quantity targets, but incur convex adjustment costs when they do so. These costs allow players to use quantity targets as a partial commitment device. We show that the equilibrium path of such a game is...

Persistent link: https://www.econbiz.de/10005036819

Price and Capacity Competition

Acemoglu, Daron; Bimpikis, Kostas; Ozdaglar, Asuman - National Bureau of Economic Research (NBER) - 2006

We study the efficiency of oligopoly equilibria in a model where firms compete over capacities and prices. The motivating example is a communication network where service providers invest in capacities and then compete in prices. Our model economy corresponds to a two-stage game. First, firms...

Persistent link: https://www.econbiz.de/10005575398

The Strategic Timing Incentives of Commercial Radio Stations: An Empirical Analysis Using Multiple Equilibria

Sweeting, Andrew - National Bureau of Economic Research (NBER) - 2008

Commercial radio stations and advertisers have potentially conflicting interests about when commercial breaks should be played. This paper estimates an incomplete information timing game to examine stations' equilibrium timing incentives. It shows how identification can be aided by the existence...

Persistent link: https://www.econbiz.de/10005718037

Position Auctions with Consumer Search

Athey, Susan; Ellison, Glenn - National Bureau of Economic Research (NBER) - 2009

This paper examines a model in which advertisers bid for "sponsored-link" positions on a search engine. The value advertisers derive from each position is endogenized as coming from sales to a population of consumers who make rational inferences about firm qualities and search optimally....

Persistent link: https://www.econbiz.de/10004976949

Uncovering GPTS with Patent Data

Hall, Bronwyn H; Trajtenberg, Manuel - National Bureau of Economic Research (NBER) - 2004

and object-oriented software. We conclude with a brief discussion of the problems we encountered in developing our …

Persistent link: https://www.econbiz.de/10004976956