The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Regulation and Resale Behavior in Online Marketplace during the COVID-19 Pandemic
Abstract
In the early stages of the COVID-19 pandemic, masks and alcohol sanitizers were hoarded and resold in online markets. In Japan, restrictions were imposed on such resale. In this paper, we examine the effects of the resale regulations on the behavior of economic agents and changes in their surplus. We collected data on auctions and fixed-price sales of anhydrous ethanol in the periods before and after the resale regulation. As a result, we found that in fixed-price sales, sellers lowered their prices by nearly JPY 3,000 from the price that maximized their expected revenues due to the resale restrictions. We also found that, on average, the regulation reduced the consumer surplus and the producer surplus by about JPY 770 and JPY 1,300, respectively.
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Cites
Fear, lockdown, and diversion: Comparing drivers of pandemic economic decline 2020
Goolsbee, A., & Syverson, C. (2021) · Journal of Public Economics · doi:10.1016/j.jpubeco.2020.104311 · Cited by 749
Reputation and Feedback Systems in Online Platform Markets
Tadelis, S. (2016) · Annual Review of Economics · doi:10.1146/annurev-economics-080315-015325 · Cited by 524
Consumer panic in the COVID-19 pandemic
Keane, M., & Neal, T. (2021) · Journal of Econometrics · doi:10.1016/j.jeconom.2020.07.045 · Cited by 245
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Metadata
- Authors
- Hirose, Y.
- Publisher
- Elsevier BV
- Published
- 2021
- Cited by
- 0
- References
- 3
- Type
- Preprint
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