{"id":"https://openalex.org/W1985708158","doi":"https://doi.org/10.2307/2556043","title":"Interfering with Secondary Markets","display_name":"Interfering with Secondary Markets","publication_year":1999,"publication_date":"1999-01-01","ids":{"openalex":"https://openalex.org/W1985708158","doi":"https://doi.org/10.2307/2556043","mag":"1985708158"},"language":"en","primary_location":{"id":"doi:10.2307/2556043","doi":"https://doi.org/10.2307/2556043","is_oa":false,"landing_page_url":"https://doi.org/10.2307/2556043","pdf_url":null,"source":{"id":"https://openalex.org/S34139249","display_name":"The RAND Journal of Economics","issn_l":"0741-6261","issn":["0741-6261","1756-2171"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The RAND Journal of Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=138848","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5036214245","display_name":"Igal E. Hendel","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I111979921","display_name":"Northwestern University","ror":"https://ror.org/000e0be47","country_code":"US","type":"education","lineage":["https://openalex.org/I111979921"]},{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]},{"id":"https://openalex.org/I4210100400","display_name":"Northwestern University","ror":"https://ror.org/00m6w7z96","country_code":"PH","type":"education","lineage":["https://openalex.org/I4210100400"]}],"countries":["PH","US"],"is_corresponding":false,"raw_author_name":"Igal Hendel","raw_affiliation_strings":["National Bureau of Economic Research (NBER)","Northwestern University - Department of Economics"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"National Bureau of Economic Research (NBER)","institution_ids":["https://openalex.org/I1321305853"]},{"raw_affiliation_string":"Northwestern University - Department of Economics","institution_ids":["https://openalex.org/I111979921","https://openalex.org/I4210100400"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5040379921","display_name":"Alessandro Lizzeri","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I57206974","display_name":"New York University","ror":"https://ror.org/0190ak572","country_code":"US","type":"education","lineage":["https://openalex.org/I57206974"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Alessandro Lizzeri","raw_affiliation_strings":["New York University - Department of Economics - Leonard N. Stern School of Business"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"New York University - Department of Economics - Leonard N. Stern School of Business","institution_ids":["https://openalex.org/I57206974"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":4,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3400,"currency":"USD","value_usd":3400},"apc_paid":null,"fwci":11.4891,"has_fulltext":false,"cited_by_count":219,"citation_normalized_percentile":{"value":0.97990898,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":100},"biblio":{"volume":"30","issue":"1","first_page":"1","last_page":"1"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.9550999999046326,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.9550999999046326,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11161","display_name":"Consumer Market Behavior and Pricing","score":0.02250000089406967,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11437","display_name":"Digital Platforms and Economics","score":0.0071000000461936,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/secondary-market","display_name":"secondary market","score":0.7590000033378601},{"id":"https://openalex.org/keywords/second-hand-goods","display_name":"second-hand goods","score":0.7120000123977661},{"id":"https://openalex.org/keywords/monopolist","display_name":"monopolist","score":0.503000020980835},{"id":"https://openalex.org/keywords/durability","display_name":"durability","score":0.640999972820282},{"id":"https://openalex.org/keywords/product-quality","display_name":"product quality","score":0.609000027179718},{"id":"https://openalex.org/keywords/heterogeneous-valuations","display_name":"heterogeneous valuations","score":0.7540000081062317},{"id":"https://openalex.org/keywords/market-power","display_name":"market power","score":0.628000020980835},{"id":"https://openalex.org/keywords/rent-control","display_name":"rent control","score":0.4020000100135803},{"id":"https://openalex.org/keywords/allocative-efficiency","display_name":"allocative efficiency","score":0.6769999861717224}],"concepts":[{"id":"https://openalex.org/C196345963","wikidata":"https://www.wikidata.org/wiki/Q4175604","display_name":"Allocative efficiency","level":2,"score":0.8961185216903687},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.6313323974609375},{"id":"https://openalex.org/C2775881736","wikidata":"https://www.wikidata.org/wiki/Q1274157","display_name":"Market power","level":3,"score":0.5678691864013672},{"id":"https://openalex.org/C91306197","wikidata":"https://www.wikidata.org/wiki/Q45767","display_name":"Competition (biology)","level":2,"score":0.5550972819328308},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5189526081085205},{"id":"https://openalex.org/C61933577","wikidata":"https://www.wikidata.org/wiki/Q2184715","display_name":"Durable good","level":2,"score":0.5111554265022278},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.4628336727619171},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.4305480718612671},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.36240512132644653},{"id":"https://openalex.org/C2781127519","wikidata":"https://www.wikidata.org/wiki/Q43637","display_name":"Monopoly","level":2,"score":0.28051069378852844},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.2307/2556043","doi":"https://doi.org/10.2307/2556043","is_oa":false,"landing_page_url":"https://doi.org/10.2307/2556043","pdf_url":null,"source":{"id":"https://openalex.org/S34139249","display_name":"The RAND Journal of Economics","issn_l":"0741-6261","issn":["0741-6261","1756-2171"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The RAND Journal of Economics","raw_type":"journal-article"},{"id":"mag:1985708158","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=138848","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"pmh:oai:RePEc:rje:randje:v:30:y:1999:i:spring:p:1-21","doi":null,"is_oa":false,"landing_page_url":"http://links.jstor.org/sici?sici=0741-6261%28199921%2930%3A1%3C1%3AIWSM%3E2.0.CO%3B2-7&origin=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"mag:1985708158","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=138848","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2001181841","https://openalex.org/W2075182086","https://openalex.org/W1996801991","https://openalex.org/W2116403489","https://openalex.org/W6961289429","https://openalex.org/W7009246050","https://openalex.org/W4240792790","https://openalex.org/W1551162425","https://openalex.org/W7144046783","https://openalex.org/W1963844448"],"abstract_inverted_index":{"We":[0],"present":[1],"a":[2,7,14,51,91,110],"model":[3],"to":[4,46,63,85,98,130,134],"address":[5],"in":[6,12,77],"unified":[8],"manner":[9],"four":[10],"ways":[11],"which":[13],"monopolist":[15,52,62,84,128],"can":[16],"interfere":[17],"with":[18],"secondary":[19],"markets.":[20],"In":[21,44],"the":[22,41,61,73,78,83,87,116,136],"model,":[23],"consumers":[24],"have":[25],"heterogeneous":[26],"valuations":[27],"for":[28,123],"quality":[29],"so":[30],"that":[31,118],"used-good":[32,113],"markets":[33],"play":[34],"an":[35],"allocative":[36],"role.":[37],"Our":[38],"results":[39],"are":[40],"following:":[42],"(1)":[43],"contrast":[45],"Swan's":[47],"famous":[48],"independence":[49],"result,":[50],"does":[53,65],"not":[54,66],"provide":[55,121],"socially":[56,68],"optimal":[57,69],"durability.":[58,104],"(2)":[59],"Allowing":[60],"rent":[64],"restore":[67],"durability":[70],"and":[71],"increases":[72],"monopolist's":[74],"market":[75,114],"power":[76],"used":[79,119],"market.":[80],"However,":[81],"forcing":[82],"sell":[86],"goods":[88,120],"may":[89],"be":[90],"bad":[92],"policy":[93],"because":[94],"it":[95],"would":[96],"lead":[97],"either":[99],"lower":[100,103],"output":[101],"or":[102],"(3)":[105],"The":[106,127],"manufacturer":[107],"benefits":[108],"from":[109],"well":[111],"functioning":[112],"despite":[115],"fact":[117],"competition":[122],"new":[124],"goods.":[125],"(4)":[126],"prefers":[129],"restrict":[131],"consumers'":[132],"abilities":[133],"maintain":[135],"good.":[137]},"counts_by_year":[{"year":2026,"cited_by_count":5},{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":9},{"year":2023,"cited_by_count":5},{"year":2022,"cited_by_count":6},{"year":2021,"cited_by_count":12},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":14},{"year":2018,"cited_by_count":11},{"year":2017,"cited_by_count":5},{"year":2016,"cited_by_count":12},{"year":2015,"cited_by_count":11},{"year":2014,"cited_by_count":16},{"year":2013,"cited_by_count":10},{"year":2012,"cited_by_count":5}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}
