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来源类型Working Paper
规范类型报告
DOI10.3386/w24197
来源IDWorking Paper 24197
Match Quality, Search, and the Internet Market for Used Books
Glenn Ellison; Sara Fisher Ellison
发表日期2018-01-15
出版年2018
语种英语
摘要This paper examines the effect of the Internet on markets in which match-quality is important, including an analysis of the market for used books. A model in which sellers of unusual objects wait for high-value buyers to arrive brings out match quality and competition effects through which improved search technologies may increase both price dispersion and social welfare. A reduced-form empirical analysis finds support for a number of more nuanced predictions of the model in the context of the used book market, exploiting both cross-sectional differences across books and time-series differences in the wake of Amazon's acquisition and incorporation of a large used book marketplace. The paper develops a framework for structural estimation of a model based on the theory. The estimates suggest that the shift to Internet sales substantially increased both seller profits and consumer surplus.
主题Microeconomics ; Households and Firms ; Industrial Organization ; Market Structure and Firm Performance ; Industry Studies
URLhttps://www.nber.org/papers/w24197
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/581871
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GB/T 7714
Glenn Ellison,Sara Fisher Ellison. Match Quality, Search, and the Internet Market for Used Books. 2018.
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