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?:abstract
  • 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. (xsd:string)
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?:contributor
?:dateModified
  • 2014 (xsd:gyear)
?:datePublished
  • 2014 (xsd:gyear)
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  • true (xsd:boolean)
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?:inLanguage
  • Englisch (EN) (xsd:string)
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  • Volltext (xsd:string)
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  • Match quality, search, and the internet market for used books (xsd:string)
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?:publicationType
  • Buch (de)
  • Elektronische Ressource (xsd:string)
  • book (en)
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  • GESIS-BIB (xsd:string)
  • Massachusetts: MIT, 2014.- 55 S., graph. Darstellungen (xsd:string)
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