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Internet and the efficiency of decentralized markets: evidence from automobiles

Rapson, David and Schiraldi, Pasquale (2013) Internet and the efficiency of decentralized markets: evidence from automobiles. Economics Letters, 121 (2). pp. 232-235. ISSN 0165-1765

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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
Sets: Departments > Economics
Collections > Economists Online
Date Deposited: 27 Sep 2013 08:10
Last Modified: 20 Jun 2020 01:46
URI: http://eprints.lse.ac.uk/id/eprint/53138

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