Rapson, David and Schiraldi, Pasquale 
ORCID: 0000-0003-2469-1734
(2013)
Internet and the efficiency of decentralized markets: evidence from automobiles.
Economics Letters, 121 (2).
pp. 232-235.
ISSN 0165-1765
Identification Number: 10.1016/j.econlet.2013.08.018
Abstract
We estimate the effect of internet on the volume of used car transactions. From 1997 to 2007, internet use tripled in California, causing an increase in volume-of-trade of 7.2 %. This implies a substantial welfare gain via improved allocative efficiency.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.sciencedirect.com/science/journal/01651... |
| Additional Information: | © 2013 Elsevier B.V. |
| Divisions: | Economics |
| Subjects: | H Social Sciences > HB Economic Theory |
| JEL classification: | D - Microeconomics > D1 - Household Behavior and Family Economics D - Microeconomics > D8 - Information, Knowledge, and Uncertainty L - Industrial Organization > L9 - Industry Studies: Transportation and Utilities |
| Date Deposited: | 27 Sep 2013 08:10 |
| Last Modified: | 12 Dec 2024 00:27 |
| URI: | http://eprints.lse.ac.uk/id/eprint/53138 |
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