A Search-Matching Model of the Buyer-Seller Platforms

An Integrated Model of Buyer-Seller Relationships

A buyer-seller watermarking protocol

Digital watermarks have previously been proposed for the purposes of copy protection and copy deterrence for multimedia content. In copy deterrence, a content owner (seller) inserts a unique watermark into a copy of the content before it is sold to a buyer. If the buyer sells unauthorized copies of the watermarked content, then these copies can be traced to the unlawful reseller (original buyer...

Costly Buyer Search in Laboratory Markets with Seller Advertising

In this laboratory experiment sellers simultaneously post prices and choose whether to advertise this price. Buyers then decide whether to buy from a seller whose advertisement they have received, or engage in costly sequential search to obtain price quotes from other sellers. In the unique symmetric equilibrium, sellers either charge a high unadvertised price or randomize in an interval of low...

A Theory of Buyer-Seller Networks

This paper introduces a new model of exchange: networks, rather than markets, of buyers and sellers. It begins with the empirically motivated premise that a buyer and seller must have a relationship, a “link,” to exchange goods. Networks buyers, sellers, and the pattern of links connecting them are common exchange environments. This paper develops a methodology to study network structures and e...

Testing Incentives in a Buyer-Seller Relationship

One of the most celebrated features of modern manufacturing is the newfound capacity for information sharing between firms. Manufacturing guides suggest that buyer-seller communication can help firms achieve more efficient production and trading decisions (Schonberger (1986)), as long as the trading firms truthfully report to one another. In this paper, we study the incentives for firms to stra...