Library Operations & Services eJournal最新文献

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Entry Timing in the Face of Switching Costs and its Welfare Effects: Evidence from Same-Day Grocery Delivery Platforms 面对转换成本的进入时机及其福利效应:来自当日杂货配送平台的证据

Library Operations & Services eJournal Pub Date : 2020-11-04 DOI: 10.2139/ssrn.3725176

Vitoria Rabello de Castro

{"title":"Entry Timing in the Face of Switching Costs and its Welfare Effects: Evidence from Same-Day Grocery Delivery Platforms","authors":"Vitoria Rabello de Castro","doi":"10.2139/ssrn.3725176","DOIUrl":"https://doi.org/10.2139/ssrn.3725176","url":null,"abstract":"The online grocery market has seen significant entry over the last five years by firms with different business models. Most firms offer subscriptions, and, in the data, consumers rarely switch between them. I find that switching costs significantly affect consumer platform choice, suggesting potential for future exercise of market power. I estimate the welfare impact of the acquisition of a national grocery chain by of a major online retailer and highlight the role played by this feature of demand and by delivery cost structures. I model competition between two large platforms. The first is the major online retailer engaging in the merger. The rival is an independent platform with low entry costs. The platforms compete in a dynamic entry game, and two opposing forces influence entry timing. I find that firms chase a first-mover advantage resulting from consumer lock-in at the expense of higher entry costs, leading to significant costs of early entry. I estimate that, before the acquisition, the major online retailer had very large entry costs. The acquisition reduced this cost, posing a competitive threat to the rival. Consumer lock-in then contributed to raising the stakes of early entry for both firms, accelerating entry across new markets and generating over $ 800 M in welfare gains to consumers due to earlier entry. Further, I find that a merger between the two platforms, resulting in a monopoly, would delay entry significantly. These results show that strategic competition in entry timing plays an important role in mergers' welfare effect.","PeriodicalId":325580,"journal":{"name":"Library Operations & Services eJournal","volume":"98 1-2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116698655","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Available – But Not Accessible? Investigating Publisher E-Lending Licensing Practices 可用-但不可访问?调查出版商电子借阅许可实践

Library Operations & Services eJournal Pub Date : 2018-10-04 DOI: 10.31228/osf.io/3u72e

Rebecca Giblin, Jenny Kennedy, Kimberlee Weatherall, D. Gilbert, Julian Thomas, F. Petitjean

{"title":"Available – But Not Accessible? Investigating Publisher E-Lending Licensing Practices","authors":"Rebecca Giblin, Jenny Kennedy, Kimberlee Weatherall, D. Gilbert, Julian Thomas, F. Petitjean","doi":"10.31228/osf.io/3u72e","DOIUrl":"https://doi.org/10.31228/osf.io/3u72e","url":null,"abstract":"Introduction: We report our mixed-methods investigation of publishers’ licensing practices, which affect the books public libraries can offer for e-lending.Method: We created unique datasets recording pricing, availability and licence terms for sampled titles offered by e-book aggregators to public libraries across Australia, New Zealand, Canada, the United States and United Kingdom. A third dataset records dates of availability for recent bestsellers. We conducted follow-up interviews with representatives of 5 e-book aggregators.Analysis: We quantitatively analysed availability, licence terms and price across all aggregators in Australia, snapshotting the competitive playing field in a single jurisdiction. We also compared availability and terms for the same titles from one aggregator across five jurisdictions, and measured how long it took for a sample of recent bestsellers to become available for e-lending. We used data from the aggregator interviews to explain the quantitative findings.Results: Contrary to aggregator expectations, we found considerable intra-jurisdictional price and licence differences. We also found numerous differences across jurisdictions.Conclusions: While availability was better than anticipated, licensing practices make it infeasible for libraries to purchase certain kinds of e-book (particularly older titles). Confidentiality requirements make it difficult for libraries to shop (and aggregators to compete) on price and terms.","PeriodicalId":325580,"journal":{"name":"Library Operations & Services eJournal","volume":"89 6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"113935354","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5