Match Quality, Search, and the Internet Market for Used Books.
This article examines effects of internet search technologies on match‐quality markets. A model in which sellers of unusual objects wait for high‐value buyers illustrates how more efficient search may simultaneously increase price levels, price dispersion, and social welfare. A reduced‐form analysis...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 56; no. 4; pp. 625 - 655 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Dec2025
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=190258012&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 190258012 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 07416261 56RJ jtl: RAND Journal of Economics (Wiley-Blackwell) issn: 07416261 maglogo: Y pubinfo: dt: Dec2025 vid: 56 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 190258012 10.1111/1756-2171.70032 ppf: 625 ppct: 30 formats: tig: atl: Match Quality, Search, and the Internet Market for Used Books. aug: au: Ellison, Glenn Ellison, Sara Fisher affil: Massachusetts Institute of Technology and Paris School of Economics su: Economic competition Internet sales Search algorithms Internet marketing Paperbacks Price levels sug: subj: Economic competition Electronic Shopping Electronic shopping and mail-order houses Internet sales Search algorithms Internet marketing Paperbacks Price levels ab: This article examines effects of internet search technologies on match‐quality markets. A model in which sellers of unusual objects wait for high‐value buyers illustrates how more efficient search may simultaneously increase price levels, price dispersion, and social welfare. A reduced‐form analysis of the used‐book market finds support for several nuanced model predictions. Estimates from a novel structural framework indicate the shift to online sales more than doubled social welfare, with gains roughly evenly split between booksellers and consumers. Amazon's acquisition and incorporation of a used‐book marketplace spurred price competition, but appears to have had minimal welfare effects. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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