| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w30351 |
| 来源ID | Working Paper 30351 |
| Consumer Demand with Social Influences: Evidence from an E-Commerce Platform | |
| El Hadi Caoui; Chiara Farronato; John J. Horton; Robert Schultz | |
| 发表日期 | 2022-08-15 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | For some kinds of goods, rarity itself is valued. "Fashionable'" goods are demanded in part because they are unique. In this paper, we explore the economics of rare goods using auctions of limited-edition shoes held by an e-commerce platform. We model endogenous entry and bidding in multi-unit auctions and construct demand curves from realized bids. We find that doubling inventory reduces willingness to pay by 7-15%. From the producer perspective, ignoring the value of rarity leads to substantial overproduction: auctioned quantities are 82% above the profit-maximizing level. From the consumer perspective however, the negative spillovers of restricting quantity more than offset the benefits of rarer goods. |
| 主题 | Microeconomics ; Households and Firms ; Market Structure and Distribution ; Industrial Organization ; Industry Studies |
| URL | https://www.nber.org/papers/w30351 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/588024 |
| 推荐引用方式 GB/T 7714 | El Hadi Caoui,Chiara Farronato,John J. Horton,et al. Consumer Demand with Social Influences: Evidence from an E-Commerce Platform. 2022. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w30351.pdf（657KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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