The Benefits of Market Thickness for Niche Products

Author:

Loertscher Simon,Muir Ellen

Publisher

Elsevier BV

Subject

General Earth and Planetary Sciences,General Environmental Science

Reference23 articles.

1. Consumer Surplus in the Digital Economy: Estimating the Value of Increased Product Variety at Online Booksellers;E Brynjolfsson;Management Science,2003

2. The Simple Economics of Optimal Auctions;J Bulow;Journal of Political Economy,1989

3. Even though matching in the competing exchange in a model such as Gehrig's is random, the competing exchange is a thick market because there is a continuum of agents, and these agents participate only if they expect positive surplus from so doing. Hence, even if matching were random, such a thick competing exchange would eliminate the double coincidence of wants problem and would thus be severe competitive constraint for a thick market monopoly for niche products;J M Swinkels;Efficiency of Large Double Auctions,1993

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