Seller reputation and price gouging: Evidence from the COVID-19 pandemic

被引：19
|
作者：
Cabral, Luis [1 ,2 ]
Xu, Lei [3 ]
机构：
[1] NYU, Stern Sch Business, New York, NY 10012 USA
[2] CEPR, London, England
[3] Bank Canada, Ottawa, ON, Canada
来源：
ECONOMIC INQUIRY | 2021年 / 59卷 / 03期
关键词：
Amazon; COVID-19; price gouging;
D O I：
10.1111/ecin.12993
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
From mid-January to March 2020, 3M masks sold on Amazon by third party sellers were priced 2.4 times higher than Amazon's 2019 price. However, this price increase was not uniform across sellers. We estimate that when Amazon is stocked out (one of our measures of scarcity) new (entrant) sellers increase price by 178%, whereas the continuing sellers' increase is limited to 56.7%. This is consistent with the idea that seller reputation limits the extent of profitable price gouging. Similar results are obtained for Purell hand sanitizer and for other measures of scarcity. We also explore policy implications of our results.
引用
收藏
页码：867 / 879
页数：13
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