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DTSTART:20070311T020000
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DTSTAMP:20230915T131225
DTSTART;TZID=America/Detroit:20230922T100000
DTEND;TZID=America/Detroit:20230922T112000
SUMMARY:Workshop / Seminar:Price Controls in a Multi-Sided Market
DESCRIPTION:This paper evaluates caps on the commissions that food delivery platforms charge to restaurants. Commission caps may lead restaurants to join platforms and to post lower prices on platforms\, thereby benefitting consumers. But caps may also lead platforms to raise their consumer fees\, thereby reducing ordering on platforms and consequently platforms’ value to restaurants. The net welfare effects of caps are thus uncertain. To quantify these effects\, I estimate a model of pricing and platform adoption in a multi-sided market using data on consumer restaurant orders\, restaurants’ platform adoption\, and platform fees. Counterfactual simulations imply that commission caps harm consumers\, bolster restaurant profits\, and ultimately reduce total welfare.
UID:112496-21829006@events.umich.edu
URL:https://events.umich.edu/event/112496
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,Industrial Organization,seminar
LOCATION:
CONTACT:
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