"Does e-Commerce Always Increase Social Welfare in the Long Run?"

Preprint OPEN
Yuji Nakayama ; Kiyohiko G. Nishimura (2002)
  • Subject:
    acm: TheoryofComputation_GENERAL

We examine the effect of electronic commerce ("e-commerce") on social welfare, in the framework of conventional spatial competition models. We consider the case where both conventional and electronic retailers coexist in equilibrium. We show that e-commerce does not nec... View more
  • References (4)

    [1] Bailey, Joseph, Intermediation and Electronic Markets: Aggregation and Pricing in Internet Commerce. (1998) Ph.D. Thesis, Technology, Management and Policy, MIT, Cambridge, MA. (available at http://www.rhsmith.umd.edu/tbpp/jbailey/)

    [2] Brynjolfsson, Erik and Michael D. Smith “Frictionless Commerce?” Management Science, 46 (2000) , 563-585.

    [3] Goolsbee, Austan “In A World Without Border: The Impact of Taxes on Internet Commerce” Quarterly Journal of Economics, 115 (2000), 561-576.

    [4] Kreps, D., and J. Scheinkman “Quantity Precommitment and Bertrand Competition Yield Cournot Outcomes” Bell Journal of Economics, 14 (1983), 326-337.

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