| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19883 |
| 来源ID | Working Paper 19883 |
| Search Frictions and Market Power in Negotiated Price Markets | |
| Jason Allen; Robert Clark; Jean-François Houde | |
| 发表日期 | 2014-02-14 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | This paper develops and estimates a search and bargaining model designed to measure the welfare loss associated with frictions in oligopoly markets with negotiated prices. We use the model to quantify the consumer surplus loss induced by the presence of search frictions in the Canadian mortgage market, and evaluate the relative importance of market power, inefficient allocation, and direct search costs in explaining the loss. Our results suggest that search frictions reduce consumer surplus by almost $20 per month per consumer, and that 17% of this reduction can be associated with discrimination, 30% with inefficient matching, and the remainder with the search cost. |
| 主题 | Industrial Organization ; Market Structure and Firm Performance ; Antitrust ; Industry Studies |
| URL | https://www.nber.org/papers/w19883 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577568 |
| 推荐引用方式 GB/T 7714 | Jason Allen,Robert Clark,Jean-François Houde. Search Frictions and Market Power in Negotiated Price Markets. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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