The florists in Bangun Sari Lama Village are still very dependent on the traditional model of selling which requires direct interaction between seller and buyer. Therefore, during Covid-19 pandemic, sales turnover decreased drastically. In fact, if able to take advantage social media this problem can be handled. implementation activity aims provide guidance regarding use importance creating a s...

Economic theory suggests that, although the holdup and holdout problems arise in different contexts and are typically treated as disparate, they represent the same underlying economic problem. In particular, both involve an up-front investment that reduces the investor’s bargaining power with the seller of a necessary input and thereby lead to under-investment. This paper explores the implicati...

conceived in the book Marketing Places: Attracting Investment, Industry, and Tourism to Cities, States, and Nations that the world’s economic development has enlarged the competition among places. Whether a place talent shows itself and succeeds in the competition or not, the key is to market the place’s advantages through various strategic and effective methods [2]. “The place seller” (such as...

We study a buyer-seller problem in which the good is information and there are no property rights. The buyer is reluctant to pay for information whose value he does not know, but the seller cannot credibly reveal this value without disclosing the information itself. Information comes as divisible hard evidence. We show how the seller can appropriate a substantial fraction of the value through g...

A buyer wishes to purchase a good from a seller who chooses a sequence of prices over time. In each period, the buyer can also exercise an outside option such as moving onto another seller. We show there is a unique equilibrium in which the seller charges a constant price in every period equal to the monopoly price against their residual demand. This result contravenes the Coase conjecture.

the secure embedding scheme (see Section II), it is hard to generate a watermarked version of c which has a low correlation with k 0. An estimation attack usually yields a watermarked object that still correlates well with k 0 ; a judge will reject the accusation on such an object, as it can only originate from a malicious seller (k 0 is only available to the seller). • Finally, can attempt to ...

We study the second-price offer feature of eBay auctions in which the seller has multiple units. Perhaps surprisingly, the opportunity to make second-chance offers can reduce seller profit. This happens if her marginal cost function is sufficiently steep. Hence, sellers should be wary about the possibility that buyers anticipate second-chance offers, and it may be advantageous for a seller to a...

This paper studies optimal auction design when the seller can affect the buyers’ valuations through an unobservable ex ante investment. The key insight is that the optimal mechanism may have the seller play a mixed investment strategy so as to create correlation between the otherwise (conditionally) independent valuations of buyers. The paper establishes conditions under which the seller can, i...