Publications of the Research Unit Market Design

  1. ZEW Discussion Paper No. 21-091 // 2021

    Information Acquisition and Diffusion in Markets

    Consumers can acquire information through their own search efforts or through their social network. Information diffusion via word-of-mouth communication leads to some consumers free-riding on their “friends”…

  2. ZEW Discussion Paper No. 21-090 // 2021

    Truly Costly Search and Word-Of-Mouth Communication

    In markets with search frictions, consumers can acquire information about goods either through costly search or from friends via word-of-mouth (WOM) communication. How do sellers’ market power react to a very…

  3. ZEW Discussion Paper No. 21-089 // 2021

    Uncertain Product Availability in Search Markets

    In many markets buyers are poorly informed about which firms sell the product (product availability) and prices, and therefore have to spend time to obtain this information. In contrast, sellers typically have a…