東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

Essays in Industrial Organization.

Luco Echeverria, Fernando Andres.

Linked to FindBook

Google Book

Amazon

博客來

Essays in Industrial Organization.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays in Industrial Organization./
Author:	Luco Echeverria, Fernando Andres.
Description:	152 p.
Notes:	Source: Dissertation Abstracts International, Volume: 75-10(E), Section: A.
Contained By:	Dissertation Abstracts International75-10A(E).
Subject:	Economic theory. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3626861
ISBN:	9781321019216

Essays in Industrial Organization.
Luco Echeverria, Fernando Andres.

Essays in Industrial Organization. - 152 p.

Source: Dissertation Abstracts International, Volume: 75-10(E), Section: A.

Thesis (Ph.D.)--Northwestern University, 2014.

In many markets consumers and firms face frictions that prevent market outcomes from reaching efficient levels. This thesis studies the impact of two such frictions on consumer behavior and competition: switching costs and mandatory disclosure of information that results in collusive behavior.

ISBN: 9781321019216Subjects--Topical Terms:

1556984
Economic theory.

Essays in Industrial Organization.
LDR:03162nmm a2200313 4500 001 2065320
005 20151130143851.5
008 170521s2014 ||||||||||||||||| ||eng d
020 $a 9781321019216
035 $a (MiAaPQ)AAI3626861
035 $a AAI3626861
040 $a MiAaPQ $c MiAaPQ
100 1 $a Luco Echeverria, Fernando Andres. $3 3180004
245 1 0 $a Essays in Industrial Organization.
300 $a 152 p.
500 $a Source: Dissertation Abstracts International, Volume: 75-10(E), Section: A.
500 $a Adviser: Igal E. Hendel.
502 $a Thesis (Ph.D.)--Northwestern University, 2014.
520 $a In many markets consumers and firms face frictions that prevent market outcomes from reaching efficient levels. This thesis studies the impact of two such frictions on consumer behavior and competition: switching costs and mandatory disclosure of information that results in collusive behavior.
520 $a Chapter 1 studies what causes switching costs in the Chilean retirement-investment market and how these switching costs affect consumer behavior. This is done by distinguishing between two sources of switching costs. One is the cost of facing a bureaucratic system whenever enrollees want to switch between options in their choice set. The other is the cost involved in analyzing the financial information available is the prospectus of the pension funds. I use a structural choice model to estimate the distributions of switching costs, as well as consumer's preferences over pension fund attributes. The main findings are that most of inertia is explained by the cost of analyzing financial information, though there is significant variation across the population: switching costs increase with age, decrease with income, and are not affected by gender.
520 $a Chapter 2 builds on Chapter 1 and studies the competitive and welfare implications of being able to target interventions to each source of switching costs. It is shown that eliminating the cost of analyzing financial information increases consumer surplus eight times more than eliminating the cost of enrollment. In addition, eliminating the cost of analyzing information increases consumer surplus 8\% more than eliminating both sources of switching costs, because firms are willing to decrease their prices to compete for new enrollees and induce switching away from their rivals.
520 $a Finally, Chapter 3 studies how the implementation of mandatory disclosure of information through a centralized mechanism (a website), may result in firms coordinating their pricing strategies through their participation in this mechanism. It is shown that after the introduction of the website, margins increased 10\% on average, and dispersion of margins decreased significantly in some markets while it was not affected in others. These two results together suggest that this information mechanism intensified coordination rather than competition.
590 $a School code: 0163.
650 4 $a Economic theory. $3 1556984
650 4 $a Commerce-Business. $3 3168423
690 $a 0511
690 $a 0505
710 2 $a Northwestern University. $b Economics. $3 1020895
773 0 $t Dissertation Abstracts International $g 75-10A(E).
790 $a 0163
791 $a Ph.D.
792 $a 2014
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3626861