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Full-Text Articles in Industrial Organization
Essays On Market Inefficiencies Arising From Information Asymmetry And Market Power, Ming Ge
Essays On Market Inefficiencies Arising From Information Asymmetry And Market Power, Ming Ge
Doctoral Dissertations
This dissertation comprises three chapters that empirically investigate various kinds of market inefficiencies arising from seller misbehaviors. The first two chapters focus on physicians' overtreatment in healthcare markets. A standard reputation system falls short of effectively curbing overtreatment due to the credence-good nature of such a market: patients cannot tell whether a high-cost treatment recommendation (versus a less costly and complex treatment) is necessary even after the service is completed. In the first chapter, I propose a novel solution to reinstate the function of reputation by combining a reputation mechanism with patient search for second opinions. I conduct a laboratory …
The Economics Of Information And Communication Technologies In Our Society, Augusto Espin
The Economics Of Information And Communication Technologies In Our Society, Augusto Espin
Doctoral Dissertations
Information and Communication Technologies (ICTs) play a fundamental role in today's society. As ICTs they become more mature and widely adopted, societies become more dependent on their use to operationalize daily activities. However, there are multiple societal impacts of ICTs that are not yet well understood. In this dissertation, I explore three different aspects of ICTs that have been widely discussed by media and industry during recent years. I analyze these topics from an economic perspective, contributing to the debate with rigorous modeling and the ensuing discussion of its implications. First, I study the impact that the COVID-19 pandemic had …