Pub Date : 2023-09-12DOI: 10.1007/s11151-023-09921-1
Muxin Li
Abstract Intermediaries—such as Amazon, Alibaba Group, and Walmart—play critical roles in digital markets: This paper proposes a model for analyzing how search cost affects their market outcomes. Distinguished from existing search literature, we introduce network effects to the market by allowing buyers to have positive preferences for product variety. In addition, we relax the exogenous demand and supply assumptions in the conventional search literature to study how search affects participation on both sides of the market. Through the model, we focus on studying and comparing two important types of intermediary: the two-sided platform; and the one-sided retailer. We find that reducing search costs does not necessarily increase the profit of both intermediary types. Furthermore, its influences are highly varied—depending on both the type of intermediary and its buyers’ preferences for variety.
{"title":"Do Lower Search Costs Benefit Intermediaries?","authors":"Muxin Li","doi":"10.1007/s11151-023-09921-1","DOIUrl":"https://doi.org/10.1007/s11151-023-09921-1","url":null,"abstract":"Abstract Intermediaries—such as Amazon, Alibaba Group, and Walmart—play critical roles in digital markets: This paper proposes a model for analyzing how search cost affects their market outcomes. Distinguished from existing search literature, we introduce network effects to the market by allowing buyers to have positive preferences for product variety. In addition, we relax the exogenous demand and supply assumptions in the conventional search literature to study how search affects participation on both sides of the market. Through the model, we focus on studying and comparing two important types of intermediary: the two-sided platform; and the one-sided retailer. We find that reducing search costs does not necessarily increase the profit of both intermediary types. Furthermore, its influences are highly varied—depending on both the type of intermediary and its buyers’ preferences for variety.","PeriodicalId":47454,"journal":{"name":"Review of Industrial Organization","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135880329","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-01DOI: 10.1007/s11151-023-09915-z
Jeong Yeol Kim, Charles N. Noussair
{"title":"Leniency Policies and Cartel Success: An Experiment","authors":"Jeong Yeol Kim, Charles N. Noussair","doi":"10.1007/s11151-023-09915-z","DOIUrl":"https://doi.org/10.1007/s11151-023-09915-z","url":null,"abstract":"","PeriodicalId":47454,"journal":{"name":"Review of Industrial Organization","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135149897","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Is Amnesty Plus More Successful in Fighting Multimarket Cartels? An Exploratory Analysis","authors":"Karine Brisset, Francois Cochard, Eve-Angeline Lambert","doi":"10.1007/s11151-023-09919-9","DOIUrl":"https://doi.org/10.1007/s11151-023-09919-9","url":null,"abstract":"","PeriodicalId":47454,"journal":{"name":"Review of Industrial Organization","volume":"195 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135298001","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-01DOI: 10.1007/s11151-023-09920-2
Catarina Marvão, Giancarlo Spagnolo
Abstract We revisit the pros and cons of introducing cartel criminalization in the EU. We document the recent EU “leniency inflation”, whereby leniency has been increasingly awarded to many (or all) cartel members, which softens the “courthouse race” effect. Coupled with the insufficient protection of leniency applicants from damages (2014 Damages Directive), it may have led to a decrease in leniency applications and cartel convictions. Given the current level of fines, criminalization may have to be introduced. We then explore US criminal sanctions (1990–2015) to highlight potential areas of concern for EU policymakers, of which recidivism appears to be a significant one.
{"title":"Leniency Inflation, Cartel Damages, and Criminalization","authors":"Catarina Marvão, Giancarlo Spagnolo","doi":"10.1007/s11151-023-09920-2","DOIUrl":"https://doi.org/10.1007/s11151-023-09920-2","url":null,"abstract":"Abstract We revisit the pros and cons of introducing cartel criminalization in the EU. We document the recent EU “leniency inflation”, whereby leniency has been increasingly awarded to many (or all) cartel members, which softens the “courthouse race” effect. Coupled with the insufficient protection of leniency applicants from damages (2014 Damages Directive), it may have led to a decrease in leniency applications and cartel convictions. Given the current level of fines, criminalization may have to be introduced. We then explore US criminal sanctions (1990–2015) to highlight potential areas of concern for EU policymakers, of which recidivism appears to be a significant one.","PeriodicalId":47454,"journal":{"name":"Review of Industrial Organization","volume":"69 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135890162","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-29DOI: 10.1007/s11151-023-09913-1
J. Hinloopen, S. Onderstal, A. Soetevent
{"title":"Corporate Leniency Programs for Antitrust: Past, Present, and Future","authors":"J. Hinloopen, S. Onderstal, A. Soetevent","doi":"10.1007/s11151-023-09913-1","DOIUrl":"https://doi.org/10.1007/s11151-023-09913-1","url":null,"abstract":"","PeriodicalId":47454,"journal":{"name":"Review of Industrial Organization","volume":"63 1","pages":"111 - 122"},"PeriodicalIF":1.1,"publicationDate":"2023-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42643237","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-28DOI: 10.1007/s11151-023-09914-0
Garrett T. Senney, Jonathan R. Lhost
{"title":"Balancing Attraction and Risk Revelation: The Optimal Reservation Price in Peer-to-Peer Loan Auctions","authors":"Garrett T. Senney, Jonathan R. Lhost","doi":"10.1007/s11151-023-09914-0","DOIUrl":"https://doi.org/10.1007/s11151-023-09914-0","url":null,"abstract":"","PeriodicalId":47454,"journal":{"name":"Review of Industrial Organization","volume":"1 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2023-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42310112","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-18DOI: 10.1007/s11151-023-09912-2
Garrett T. Senney, Jonathan R. Lhost
{"title":"Big Bids and Bidder Behavior in Uniform Price Auctions: Evidence from Peer-to-Peer Loan Markets","authors":"Garrett T. Senney, Jonathan R. Lhost","doi":"10.1007/s11151-023-09912-2","DOIUrl":"https://doi.org/10.1007/s11151-023-09912-2","url":null,"abstract":"","PeriodicalId":47454,"journal":{"name":"Review of Industrial Organization","volume":"63 1","pages":"349 - 372"},"PeriodicalIF":1.1,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42742139","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-18DOI: 10.1007/s11151-023-09910-4
Peter T. Dijkstra, Jacob Seifert
{"title":"Cartel Leniency and Settlements: A Joint Perspective","authors":"Peter T. Dijkstra, Jacob Seifert","doi":"10.1007/s11151-023-09910-4","DOIUrl":"https://doi.org/10.1007/s11151-023-09910-4","url":null,"abstract":"","PeriodicalId":47454,"journal":{"name":"Review of Industrial Organization","volume":"63 1","pages":"239-273"},"PeriodicalIF":1.1,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48337962","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-01DOI: 10.1007/s11151-023-09907-z
C. Vergari, L. Filippini
{"title":"Innovation Diffusion and Strategic Outside Option in a Bargaining Game","authors":"C. Vergari, L. Filippini","doi":"10.1007/s11151-023-09907-z","DOIUrl":"https://doi.org/10.1007/s11151-023-09907-z","url":null,"abstract":"","PeriodicalId":47454,"journal":{"name":"Review of Industrial Organization","volume":"63 1","pages":"41 - 71"},"PeriodicalIF":1.1,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42976185","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：