Gabor Pinter, Semih Uslu Aug 26,2023
Working Paper No.00127-00
In intermediated markets, trading takes time and intermediaries extract rents. We estimate a structural search-and-bargaining model to quantify these trading... Read More
Garud Iyengar,Jay Sethuraman,Wenjun Wang, Fahad Saleh Jun 30,2022
Working Paper No.00079-00
We examine a supply chain with a single risk-averse manufacturer who purchases from vendors and sells to consumers. Within this... Read More
Guillermo Ordonez, Vincent Glode Nov 01,2022
Working Paper No.00082-00
We model firms' allocation of resources between surplus-creating (a.k.a., productive) and surplus-appropriating (a.k.a., rent-seeking) activities. We show that industry-wide technological... Read More
Catherine Casamatta,Rui xiong, Matthieu Bouvard Nov 21,2022
Working Paper No.00087-00
We show that by lending to merchants and monitoring them, an e-commerce platform can price-discriminate between merchants with high and... Read More