Internet and the efficiency of decentralized markets: evidence from automobiles

(2013) Internet and the efficiency of decentralized markets: evidence from automobiles. Economics Letters, 121 (2). pp. 232-235. ISSN 0165-1765

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We estimate the effect of internet on the volume of used car transactions. From 1997 to 2007, internet use tripled in California, causing an increase in volume-of-trade of 7.2 %. This implies a substantial welfare gain via improved allocative efficiency.

Item Type	Article
Departments	Economics
DOI	10.1016/j.econlet.2013.08.018
Date Deposited	27 Sep 2013 08:10
URI	https://researchonline.lse.ac.uk/id/eprint/53138

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Rapson, David
Schiraldi, Pasquale

HB Economic Theory

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