Similar Search Results

Intermediation and Competition in Search Markets : An Empirical Case Study

Salz, Tobias - 2017

This paper argues that intermediaries in decentralized markets can affect buyer welfare both directly, by reducing the expenses of buyers with high search cost but also indirectly, through a search-externality that affects the prices paid by those buyers that do not use intermediaries. These two...

Persistent link: https://www.econbiz.de/10012957272

Vertical contracting with endogenous market structure

Pagnozzi, Marco; Piccolo, Salvatore; Reisinger, Markus - 2019

A manufacturer chooses the optimal retail market structure and bilaterally and secretly contracts with each (homogeneous) retailer. In a classic framework without asymmetric information, the manufacturer sells through a single exclusive retailer in order to eliminate the opportunism problem....

Persistent link: https://www.econbiz.de/10012317383

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

Marketmaking middlemen

Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016

This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode …. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a … other. In our model, buyers and sellers can simultaneously search in an outside market and use the intermediation service …

Persistent link: https://www.econbiz.de/10011517977

Marketmaking Middlemen

Gautier, Pieter - 2016

Persistent link: https://www.econbiz.de/10012982510

Quota Brokers

Imai, Susumu - 2006

This paper examines the role of middlemen (brokers) in an imperfect secondary market for quota licenses. Middlemen facilitate trade when markets are thin, as potential buyers and sellers find it difficult to meet and transact directly. However, in thin markets, middlemen also have the ability to...

Persistent link: https://www.econbiz.de/10012783102

Vertical relationships within platform marketplaces

Tremblay, Mark J. - In: Games 7 (2016) 3, pp. 1-21

In two-sided markets a platform allows consumers and sellers to interact by creating sub-markets within the platform marketplace. For example, Amazon has sub-markets for all of the different product categories available on its site, and smartphones have sub-markets for different types of...

Persistent link: https://www.econbiz.de/10011515638

Multisided Platforms, Dynamic Competition, and the Assessment of Market Power for Internet-Based Firms

Evans, David S. - 2016

Market power on each side of a multisided platform, whether in the form of increasing prices or decreasing quality, is constrained by the risk of losing sales on the other sides. That tends to weaken market power on each side and encourages platforms to keep prices lower and quality higher than...

Persistent link: https://www.econbiz.de/10014128700

A search-matching model for the buyer-seller platform

Chen, Kong-pin; Huang, Yen-Chi - In: CESifo economic studies : CESifo, a joint initiative of … 58 (2012) 4, pp. 626-649

Based on the frictional matching framework, the article provides a theoretical model for a specific type of two-sided platform: the buyerseller transaction platform. In the model, the number of participants and the source of network externalities are endogeneously determined. The platform is...

Persistent link: https://www.econbiz.de/10009743215

Network goods, price discrimination, and two-sided platforms

Belleflamme, Paul; Peitz, Martin - 2020

Persistent link: https://www.econbiz.de/10012286410