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Monday Lunch Seminars Amedeo Piolatto (University of Barcelona)
Monday Lunch Seminars Amedeo Piolatto (University of Barcelona)
"Online booking and information: competition and welfare consequences of review aggregators" Abstract Online review aggregators (e.g., Yelp or ClubKviar) provide detailed information about experience goods, such as restaurants and hotels. This study fosters our understanding of how such aggregators modify competition, profits and welfare. Using a spokes model ofhorizontal competition, I show that review aggregators enhance total welfare mainly by making valuable information…