We study the market partition between two distinct firms that deliver services to waiting time sensitive customers. In our model, the incoming customers select a firm on the basis...
In the age of electronic commerce, with low-cost information access, it has been recognized that a bundle search in a combinatorial trade is very valuable for buyers. Optimal trav...
AbstractAbstractAbstractAbstract A design and pilot implementation of a system, called InterProcs, supporting electronic contracting is presented. A key concept in the design of th...
This paper explores search behavior of online shoppers. Information economics literature suggests that search cost in electronic markets has essentially been reduced to zero as co...
Most markets compromise the economist’s ideal of matching the marginal benefits to consumers with the marginal cost of supply for incremental purchases because individual buyers...