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Apparent competition in two-sided platforms

Guven, Gokhan; Inci, Eren; Russo, Antonio - 2017

We study a platform's design of membership and transaction fees when sellers compete and buyers cannot observe the prices and features of goods without incurring search costs. The platform alleviates sellers' competition by charging them transaction fees that increase with sales revenue, and...

Persistent link: https://www.econbiz.de/10011721758

Why Bitcoin and Ethereum differ in transaction costs : a theory of blockchain fee policies

Ndiaye, Abdoulaye - 2024

conflict between the blockchain designer and validators with monopoly power in choosing between price-setting and quantity …

Persistent link: https://www.econbiz.de/10015046289

Embedded supervision : how to build regulation into decentralised finance

Auer, Raphael A. - 2022

with blockchain-enabled credibility based on economic consensus. The key results set out the conditions under which the …

Persistent link: https://www.econbiz.de/10013206072

Product differentiation and oligopoly : a network approach

Pellegrino, Bruno - 2023

This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product …

Persistent link: https://www.econbiz.de/10013503368

Retaining alpha : the effect of trade size and rebalancing frequency on FX strategy returns

Melvin, Michael; Pan, Wenqiang; Wikstrom, Petra - 2020

The literature on currency investing that incorporates transaction costs uses costs relevant for small trade sizes. Using the entire order book of the major electronic brokerages for FX, we compute sweep-to-fill costs for trades of different sizes and illustrate the reduction in post-cost...

Persistent link: https://www.econbiz.de/10012174753

Value creation by ad-funded platforms

Langus, Gregor; Lipatov, Vilen - 2022

We identify features of interactions on online platforms that make an ad-funded business model attractive for the platform, but also for consumers. We then show that ad-funded platforms heavily rely on data for their ability to create value for their users. Formally, we show that data...

Persistent link: https://www.econbiz.de/10012801504

Relative pricing and efficient allocation in blockchains

Ndiaye, Abdoulaye - 2024

This paper investigates how relative pricing schemes can achieve efficient allocations in blockchain systems featuring … multiple transaction queues under a global capacity constraint. I model a capacity-constrained blockchain where users submit … implications for the implementation of local pricing for evolving blockchain architectures, including parallel transaction …

Persistent link: https://www.econbiz.de/10015121155

Financial development and sustainable exports : evidence from firm-product data

Jaud, Melise; Kukenova, Madina; Strieborny, Martin - 2014

We combine a novel measure of export-related financial needs at the product level with a unique database of firm-product export data (including names of the exporting firms) from five developing countries. Using the tools of survival analysis and taking into account firms' and products'...

Persistent link: https://www.econbiz.de/10010250164

The firm as a pool of factor complementarities

Lindbeck, Assar; Snower, Dennis J. - 2003

Persistent link: https://www.econbiz.de/10009763532

Trade costs, market access and economic geography : why the empirical specification of trade costs matters

Bosker, Maarten (contributor); Garretsen, Harry (contributor) - 2007

Persistent link: https://www.econbiz.de/10003597976