Who benefits from increased competition among sellers on B2C platforms?

A note on Peters and Severinov, "Competition among sellers who offer auctions instead of prices"

In this paper we study a large market in which sellers compete by offering auctions to buyers instead of simple fixed price contracts. Two variants of the model are studied. One extends a model first analyzed by Wolinsky (Rev. Econ. Stud. 55 (1988), 71 84) in which buyers learn their valuations only after meeting sellers. The other variant extends the model of McAfee (Econometrica 61 (1993), 12...

Analyzing competition among sellers in a B2B exchange

Business-to-business exchanges are expected to bring several advantages to the participants of the exchange. One of the principal advantages of such exchanges lies in their promise of lowering prices for buyers due to increased competition among the sellers for the buyers’ business. This paper models the competition between similar sellers vying for the same business by bidding on price. It cap...

Who Benefits from Religion?

Many studies have documented the benefits of religious involvement. Indeed, highly religious people tend to be healthier, live longer, and have higher levels of subjective well-being. While religious involvement offers clear benefits to many, in this paper we explore whether it may also be detrimental to some. Specifically, we examine in detail the relation between religious involvement and sub...

Who Benefits from Agglomeration?

Who Benefits from Biotechnology?

All this means that I view the world both from an economic perspective and from the perspective of working with agriculture and farmers. I am an educator who tries to present information in as factual a way as possible and give people the tools and means to form their own opinions. I start from the basic supposition that economics is the study of allocating scarce resources and not simply the s...