Seller reputation and price gouging: Evidence from the COVID‐19 pandemic
| Autor: | Luis M. B. Cabral, Lei Xu |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Economics and Econometrics
2019-20 coronavirus outbreak Coronavirus disease 2019 (COVID-19) media_common.quotation_subject Monetary economics Scarcity COVID‐19 0502 economics and business Pandemic Economics L50 050207 economics price gouging Amazon 050205 econometrics media_common Third party Amazon rainforest 05 social sciences L11 TheoryofComputation_GENERAL Original Articles General Business Management and Accounting Price gouging ComputingMilieux_COMPUTERSANDSOCIETY D01 D45 Original Article D21 Reputation D22 |
| Zdroj: | Economic Inquiry |
| ISSN: | 1465-7295 0095-2583 |
| Popis: | From mid January to mid-March 2020, 3?M masks sold on Amazon by third party sellers were priced 2 4 times higher than Amazon's 2019 price However, this price increase was not uniform across sellers We estimate that when Amazon is stocked out (one of our measures of scarcity) new (entrant) sellers increase price by 178%, whereas the continuing sellers' increase is limited to 56 7% This is consistent with the idea that seller reputation limits the extent of profitable price gouging Similar results are obtained for Purell hand sanitizer and for other measures of scarcity We also explore policy implications of our results |
| Databáze: | OpenAIRE |
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