Intermediated Surge Pricing
Intermediated Surge Pricing
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DOI:
10.1111/jems.12332
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发表时间:
2017-07
期刊:
影响因子:
--
通讯作者:
S. Bikhchandani
中科院分区:
文献类型:
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作者:
S. Bikhchandani
I study a market in which a profit-maximizing intermediary facilitates trade between buyers and sellers. The intermediary sets prices for buyers and sellers, and keeps the difference as her fee. Optimal prices increase with demand and, under plausible conditions, the optimal percent fee decreases with demand. However, if the intermediary keeps a constant percent fee regardless of demand, as is the case for some intermediaries, the price paid by buyers during high (low) demand increases (decreases) even further; that is, surge pricing is amplified.