The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Information Gatekeepers on the Internet and the Competitiveness of Homogeneous Product Markets
Open accessAbstract
We examine the equilibrium interaction between a market for price information (controlled by a gatekeeper) and the homogenous product market it serves. The gatekeeper charges fees to firms that advertise prices on its Internet site and to consumers who access the list of advertised prices. Gatekeeper profits are maximized in an equilibrium where (a) the product market exhibits price dispersion; (b) access fees are sufficiently low that all consumers subscribe; (c) advertising fees exceed socially optimal levels, thus inducing partial firm participation; and (d) advertised prices are below unadvertised prices. Introducing the market for information has ambiguous social welfare effects. (JEL D4, D8, M3, L13)
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Platform Competition in Two-Sided Markets
Rochet, J.-C., & Tirole, J. (2003) · Journal of the European Economic Association · doi:10.1162/154247603322493212 · Cited by 5,642
Cited by
Platform Competition in Two-Sided Markets
Rochet, J.-C., & Tirole, J. (2003) · Journal of the European Economic Association · doi:10.1162/154247603322493212 · Cited by 5,642
Goldfarb, A., & Tucker, C. (2019) · Journal of Economic Literature · doi:10.1257/jel.20171452 · Cited by 2,744
Chicken & Egg: Competition among Intermediation Service Providers
Caillaud, B., & Jullien, B. (2003) · The RAND Journal of Economics · doi:10.2307/1593720 · Cited by 1,799
Acquisti, A., Taylor, C., & Wagman, L. (2016) · Journal of Economic Literature · doi:10.1257/jel.54.2.442 · Cited by 1,283
Search, Obfuscation, and Price Elasticities on the Internet
(2009) · Econometrica · doi:10.3982/ecta5708 · Cited by 562
Metadata
- Authors
- Baye, M. R., & Morgan, J.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2001-06-01
- Volume
- 91
- Issue
- 3
- Pages
- 454-474
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W3124299361
- Cited by
- 629
- References
- 1
- FWCI
- 86.80
- Type
- journal article
- Language
- en
- Open access
- green
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