{"id":"https://openalex.org/W4313334348","doi":"https://doi.org/10.1007/s11151-022-09893-8","title":"Hybrid Marketplaces with Free Entry of Sellers","display_name":"Hybrid Marketplaces with Free Entry of Sellers","publication_year":2022,"publication_date":"2022-12-29","ids":{"openalex":"https://openalex.org/W4313334348","doi":"https://doi.org/10.1007/s11151-022-09893-8"},"language":"en","primary_location":{"id":"doi:10.1007/s11151-022-09893-8","doi":"https://doi.org/10.1007/s11151-022-09893-8","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s11151-022-09893-8","pdf_url":"https://link.springer.com/content/pdf/10.1007/s11151-022-09893-8.pdf","source":{"id":"https://openalex.org/S3416249","display_name":"Review of Industrial Organization","issn_l":"0889-938X","issn":["0889-938X","1573-7160"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","fnege-3","jufo-1","ki-jl-1","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Industrial Organization","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://link.springer.com/content/pdf/10.1007/s11151-022-09893-8.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5014006777","display_name":"Federico Etro","orcid":"https://orcid.org/0000-0002-7184-8696","observed_orcids":["https://orcid.org/0000-0002-7184-8696"]},"institutions":[{"id":"https://openalex.org/I45084792","display_name":"University of Florence","ror":"https://ror.org/04jr1s763","country_code":"IT","type":"education","lineage":["https://openalex.org/I45084792"]}],"countries":["IT"],"is_corresponding":true,"raw_author_name":"Federico Etro","raw_affiliation_strings":["Florence School of Economics and Management, Via delle Pandette 32, 50127, Florence, Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Florence School of Economics and Management, Via delle Pandette 32, 50127, Florence, Italy","institution_ids":["https://openalex.org/I45084792"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5014006777"],"corresponding_institution_ids":["https://openalex.org/I45084792"],"apc_list":{"value":2890,"currency":"USD","value_usd":2890},"apc_paid":{"value":2890,"currency":"USD","value_usd":2890},"fwci":4.8533,"has_fulltext":true,"cited_by_count":33,"citation_normalized_percentile":{"value":0.94810159,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":95,"max":99},"biblio":{"volume":"62","issue":"2","first_page":"119","last_page":"148"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11437","display_name":"Digital Platforms and Economics","score":0.8676999807357788,"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"}},"topics":[{"id":"https://openalex.org/T11437","display_name":"Digital Platforms and Economics","score":0.8676999807357788,"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"}},{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.09570000320672989,"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":0.022299999371170998,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/third-party-sellers","display_name":"third-party sellers","score":0.8149999976158142},{"id":"https://openalex.org/keywords/commission-rates","display_name":"commission rates","score":0.6809999942779541},{"id":"https://openalex.org/keywords/free-admission","display_name":"free entry","score":0.8700000047683716},{"id":"https://openalex.org/keywords/monopolistic-competition","display_name":"monopolistic competition","score":0.9319999814033508},{"id":"https://openalex.org/keywords/consumer-welfare","display_name":"consumer welfare","score":0.8650000095367432},{"id":"https://openalex.org/keywords/demand-substitution","display_name":"demand substitution","score":0.6209999918937683},{"id":"https://openalex.org/keywords/extensive-margin","display_name":"extensive margin","score":0.9670000076293945},{"id":"https://openalex.org/keywords/demand-elasticity","display_name":"demand elasticity","score":0.5299999713897705},{"id":"https://openalex.org/keywords/amazon","display_name":"Amazon","score":0.4359999895095825},{"id":"https://openalex.org/keywords/online-marketplaces","display_name":"online marketplaces","score":0.3919999897480011}],"concepts":[{"id":"https://openalex.org/C2776034101","wikidata":"https://www.wikidata.org/wiki/Q1509347","display_name":"Commission","level":2,"score":0.8216733932495117},{"id":"https://openalex.org/C80799131","wikidata":"https://www.wikidata.org/wiki/Q379579","display_name":"Monopolistic competition","level":3,"score":0.7450918555259705},{"id":"https://openalex.org/C2776589375","wikidata":"https://www.wikidata.org/wiki/Q1876068","display_name":"Microfoundations","level":2,"score":0.6216979026794434},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5278795957565308},{"id":"https://openalex.org/C2992867849","wikidata":"https://www.wikidata.org/wiki/Q851147","display_name":"Consumer welfare","level":3,"score":0.5249376893043518},{"id":"https://openalex.org/C90673727","wikidata":"https://www.wikidata.org/wiki/Q901718","display_name":"Product (mathematics)","level":2,"score":0.49821949005126953},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.48581838607788086},{"id":"https://openalex.org/C774472","wikidata":"https://www.wikidata.org/wiki/Q6760393","display_name":"Margin (machine learning)","level":2,"score":0.47120946645736694},{"id":"https://openalex.org/C91306197","wikidata":"https://www.wikidata.org/wiki/Q45767","display_name":"Competition (biology)","level":2,"score":0.46058788895606995},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.45318859815597534},{"id":"https://openalex.org/C100243477","wikidata":"https://www.wikidata.org/wiki/Q12002092","display_name":"Welfare","level":2,"score":0.44663047790527344},{"id":"https://openalex.org/C33556415","wikidata":"https://www.wikidata.org/wiki/Q1200129","display_name":"Product differentiation","level":3,"score":0.43854591250419617},{"id":"https://openalex.org/C167393938","wikidata":"https://www.wikidata.org/wiki/Q268617","display_name":"Economic surplus","level":3,"score":0.42413896322250366},{"id":"https://openalex.org/C3018006300","wikidata":"https://www.wikidata.org/wiki/Q4402708","display_name":"Consumer demand","level":2,"score":0.420136034488678},{"id":"https://openalex.org/C2781090088","wikidata":"https://www.wikidata.org/wiki/Q5500218","display_name":"Free entry","level":2,"score":0.4159037470817566},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.40110671520233154},{"id":"https://openalex.org/C54750564","wikidata":"https://www.wikidata.org/wiki/Q26643","display_name":"Commerce","level":1,"score":0.34934327006340027},{"id":"https://openalex.org/C2781127519","wikidata":"https://www.wikidata.org/wiki/Q43637","display_name":"Monopoly","level":2,"score":0.13981720805168152},{"id":"https://openalex.org/C16520705","wikidata":"https://www.wikidata.org/wiki/Q601799","display_name":"Cournot competition","level":2,"score":0.12938523292541504},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.10818055272102356},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.06913670897483826},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"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/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1007/s11151-022-09893-8","doi":"https://doi.org/10.1007/s11151-022-09893-8","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s11151-022-09893-8","pdf_url":"https://link.springer.com/content/pdf/10.1007/s11151-022-09893-8.pdf","source":{"id":"https://openalex.org/S3416249","display_name":"Review of Industrial Organization","issn_l":"0889-938X","issn":["0889-938X","1573-7160"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","fnege-3","jufo-1","ki-jl-1","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Industrial Organization","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.3988214","doi":"https://doi.org/10.2139/ssrn.3988214","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.3988214","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":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:RePEc:frz:wpaper:wp2021_21.rdf","doi":null,"is_oa":false,"landing_page_url":"https://www.disei.unifi.it/upload/sub/pubblicazioni/repec/pdf/wp21_2021.pdf","pdf_url":"https://www.disei.unifi.it/upload/sub/pubblicazioni/repec/pdf/wp21_2021.pdf","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":"preprint"},{"id":"pmh:oai:RePEc:kap:revind:v:62:y:2023:i:2:d:10.1007_s11151-022-09893-8","doi":null,"is_oa":false,"landing_page_url":"http://link.springer.com/10.1007/s11151-022-09893-8","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":"doi:10.1007/s11151-022-09893-8","doi":"https://doi.org/10.1007/s11151-022-09893-8","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s11151-022-09893-8","pdf_url":"https://link.springer.com/content/pdf/10.1007/s11151-022-09893-8.pdf","source":{"id":"https://openalex.org/S3416249","display_name":"Review of Industrial Organization","issn_l":"0889-938X","issn":["0889-938X","1573-7160"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","fnege-3","jufo-1","ki-jl-1","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Industrial Organization","raw_type":"journal-article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4313334348.pdf","grobid_xml":"https://content.openalex.org/works/W4313334348.grobid-xml"},"referenced_works_count":47,"referenced_works":["https://openalex.org/W1481215291","https://openalex.org/W1485676192","https://openalex.org/W1513281941","https://openalex.org/W1908120759","https://openalex.org/W1966177805","https://openalex.org/W2056501160","https://openalex.org/W2102005575","https://openalex.org/W2103970467","https://openalex.org/W2149622048","https://openalex.org/W2161237635","https://openalex.org/W2275180633","https://openalex.org/W2515568483","https://openalex.org/W2528535504","https://openalex.org/W2555740930","https://openalex.org/W2895041186","https://openalex.org/W2954565223","https://openalex.org/W3025827498","https://openalex.org/W3094060116","https://openalex.org/W3124808923","https://openalex.org/W3127384839","https://openalex.org/W3135449671","https://openalex.org/W3138705161","https://openalex.org/W3155252186","https://openalex.org/W3163415732","https://openalex.org/W3171349173","https://openalex.org/W3185034037","https://openalex.org/W3186084523","https://openalex.org/W3188335410","https://openalex.org/W3193733040","https://openalex.org/W3196541953","https://openalex.org/W3200209943","https://openalex.org/W3203027280","https://openalex.org/W3215149198","https://openalex.org/W4224882549","https://openalex.org/W4252848958","https://openalex.org/W4280508082","https://openalex.org/W4282968574","https://openalex.org/W4285092308","https://openalex.org/W4285098644","https://openalex.org/W4288032980","https://openalex.org/W4297348248","https://openalex.org/W4313378606","https://openalex.org/W4401880765","https://openalex.org/W4408927462","https://openalex.org/W6733047739","https://openalex.org/W6892204443","https://openalex.org/W6987707994"],"related_works":["https://openalex.org/W7212046484","https://openalex.org/W4403991064","https://openalex.org/W4313378606","https://openalex.org/W3163415732","https://openalex.org/W4401343249","https://openalex.org/W4295249915","https://openalex.org/W4388769421","https://openalex.org/W4313262715","https://openalex.org/W7154942054","https://openalex.org/W3128596321"],"abstract_inverted_index":{"Abstract":[0],"We":[1],"study":[2],"a":[3,29,36,54,76,86,108,112,124,131],"hybrid":[4,109],"marketplace":[5,47,110,126],"such":[6],"as":[7],"Amazon":[8],"that":[9,20,89],"sells":[10],"its":[11,42,128],"own":[12,43],"products":[13,44,129],"and":[14,96,117],"sets":[15,111],"commissions":[16],"on":[17,35,99],"third-party":[18],"sellers":[19,95],"engage":[21],"in":[22],"monopolistic":[23],"competition":[24],"with":[25,104],"free":[26],"entry.":[27],"For":[28,102],"large":[30],"class":[31],"of":[32,41,67],"microfoundations":[33],"based":[34],"representative":[37],"agent,":[38],"the":[39,46,68,100],"introduction":[40,60],"by":[45],"is":[48,90],"neutral":[49],"for":[50,53,75,85],"consumer":[51,120],"welfare":[52,121],"given":[55],"commission;":[56,78],"but":[57,79],"this":[58],"product":[59],"exerts":[61],"an":[62,80],"ambiguous":[63],"impact":[64],"through":[65],"changes":[66],"commission.":[69],"A":[70],"\u201cdemand":[71],"substitution":[72],"mechanism\u201d":[73,83],"pushes":[74,84],"higher":[77],"\u201cextensive":[81],"margin":[82],"lower":[87,113],"commission":[88,115],"aimed":[91],"at":[92],"attracting":[93],"new":[94],"more":[97],"purchases":[98],"marketplace.":[101],"instance,":[103],"constant":[105],"demand":[106],"elasticities,":[107],"(higher)":[114],"rate":[116],"increases":[118],"(decreases)":[119],"compared":[122],"to":[123],"pure":[125],"if":[127],"face":[130],"less":[132],"(more)":[133],"elastic":[134],"demand.":[135]},"counts_by_year":[{"year":2026,"cited_by_count":7},{"year":2025,"cited_by_count":7},{"year":2024,"cited_by_count":11},{"year":2023,"cited_by_count":5},{"year":2022,"cited_by_count":3}],"updated_date":"2026-10-29T09:56:32.521200","created_date":"2023-01-06T00:00:00"}