Showing 1 - 10 of 141
-information supermodular markets, but exhibit many more and less-obviously ordered offers otherwise. Last, participants’ market positions …
Persistent link: https://www.econbiz.de/10013250740
We consider a labor market with search frictions in which workers make multiple applications and firms can post and … only one is socially efficient. In the inefficient equilibria, firms have market power that arises from the fact that the …
Persistent link: https://www.econbiz.de/10012861466
We study competition among market designers who create new trading platforms, when boundedly rational traders learn to … select among them. We ask whether efficient platforms, leading to market - clearing trading outcomes, will dominate the … market in the long run. If several market designers are competing, we find that traders learn to select non-market clearing …
Persistent link: https://www.econbiz.de/10013317023
The widespread use of markets leads to unprecedented material well-being in many societies. We study whether market … highly influential paper, Falk and Szech (2013) provide experimental data that seem to suggest that “market interaction … corroborate their conclusion. These treatments, however, reveal that repeated play and not market interaction causes the erosion …
Persistent link: https://www.econbiz.de/10012823552
We show that in successful episodes of export market entry, there are statistically and economically significant post … estimate two competing models of customer base accumulation to match these moments. In the first model, firms use marketing and … to do so. The marketing and advertising model fits the quantity and markup moments well, and implies that successful …
Persistent link: https://www.econbiz.de/10012841929
We develop a model of strategic geoblocking, where two competing multi-channel retailers, located in different countries, can decide to block access to their online store from foreign consumers. We characterize the equilibrium when firms decide unilaterally whether to introduce geoblocking...
Persistent link: https://www.econbiz.de/10013314958
or market fundamentals. Religious markets may have multiple equilibria, suggesting that observed differences in religious …
Persistent link: https://www.econbiz.de/10010261227
We study a strategic model of dynamic trading where agents are asymmetrically informed over common value sources of uncertainty. There is a continuum of buyers and a finite number n of sellers. All buyers are uninformed, while at least one seller is privately informed about the true state of the...
Persistent link: https://www.econbiz.de/10010261280
We study competition among market designers who create new trading platforms, when boundedly rational traders learn to … select among them. We ask whether efficient platforms, leading to market - clearing trading outcomes, will dominate the … market in the long run. If several market designers are competing, we find that traders learn to select non-market clearing …
Persistent link: https://www.econbiz.de/10010264141
patterns in the field experiment mirror fully naturally occurring trading patterns in the market. …
Persistent link: https://www.econbiz.de/10010264320