Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/284002 
Autor:innen: 
Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
EAG Discussion Paper No. EAG 22-2
Verlag: 
U.S. Department of Justice, Antitrust Division, Economic Analysis Group (EAG), Washington, DC
Zusammenfassung: 
When is resale valuable? And when can it be replaced with refunds? I study the performance of common reallocation mechanisms in perishable goods markets with demand uncertainty. Using primary and secondary market data on college football ticket sales, I design a structural model to evaluate the performance of resale, partial refunds, and a menu of refund contracts. In the model, consumers anticipate shocks when making initial purchases. After shocks are realized, they participate in an endogenous resale market. I find that refunds are more efficient than resale, but that resale is better for sellers and consumers than not reallocating.
Dokumentart: 
Working Paper

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