The effects of parallel trade in two-sided markets
This study investigates the effects of parallel imports in two-sided markets, which may increase profits for manufacturers when products have a two-sided market nature. Additionally, parallel imports increase consumer surplus and social welfare in all countries if the network externalities from both...
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| Veröffentlicht in: | Economics letters 2021-02, Vol.199, p.109721, Article 109721 |
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| container_start_page | 109721 |
| container_title | Economics letters |
| container_volume | 199 |
| creator | Kao, Kuo-Feng Mukunoki, Hiroshi |
| description | This study investigates the effects of parallel imports in two-sided markets, which may increase profits for manufacturers when products have a two-sided market nature. Additionally, parallel imports increase consumer surplus and social welfare in all countries if the network externalities from both sides are large enough. However, if one externality is small while the other is large, parallel imports can hurt consumers and welfare in all countries.
•Parallel imports (PIs) may increase manufacturer profits in two-sided markets.•Such PIs benefit consumers and improve manufacturer country’s welfare.•For large network externalities, PIs increase consumer surplus and social welfare.•For a small network externality on one side, PIs hurt consumers and social welfare. |
| doi_str_mv | 10.1016/j.econlet.2020.109721 |
| format | Article |
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•Parallel imports (PIs) may increase manufacturer profits in two-sided markets.•Such PIs benefit consumers and improve manufacturer country’s welfare.•For large network externalities, PIs increase consumer surplus and social welfare.•For a small network externality on one side, PIs hurt consumers and social welfare.</description><identifier>ISSN: 0165-1765</identifier><identifier>EISSN: 1873-7374</identifier><identifier>DOI: 10.1016/j.econlet.2020.109721</identifier><language>eng</language><publisher>Amsterdam: Elsevier B.V</publisher><subject>Consumers ; Externality ; Imports ; Manufacturing ; Markets ; Parallel trade ; Profits ; Social welfare ; Trade surplus ; Two-sided market ; Welfare</subject><ispartof>Economics letters, 2021-02, Vol.199, p.109721, Article 109721</ispartof><rights>2020 The Author(s)</rights><rights>Copyright Elsevier Science Ltd. Feb 2021</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><cites>FETCH-LOGICAL-c463t-c1775d0c77051b67759e81bd0cae8201002eee5004d570e397113ae605277d943</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://dx.doi.org/10.1016/j.econlet.2020.109721$$EHTML$$P50$$Gelsevier$$Hfree_for_read</linktohtml><link.rule.ids>314,777,781,3537,27905,27906,45976</link.rule.ids></links><search><creatorcontrib>Kao, Kuo-Feng</creatorcontrib><creatorcontrib>Mukunoki, Hiroshi</creatorcontrib><title>The effects of parallel trade in two-sided markets</title><title>Economics letters</title><description>This study investigates the effects of parallel imports in two-sided markets, which may increase profits for manufacturers when products have a two-sided market nature. Additionally, parallel imports increase consumer surplus and social welfare in all countries if the network externalities from both sides are large enough. However, if one externality is small while the other is large, parallel imports can hurt consumers and welfare in all countries.
•Parallel imports (PIs) may increase manufacturer profits in two-sided markets.•Such PIs benefit consumers and improve manufacturer country’s welfare.•For large network externalities, PIs increase consumer surplus and social welfare.•For a small network externality on one side, PIs hurt consumers and social welfare.</description><subject>Consumers</subject><subject>Externality</subject><subject>Imports</subject><subject>Manufacturing</subject><subject>Markets</subject><subject>Parallel trade</subject><subject>Profits</subject><subject>Social welfare</subject><subject>Trade surplus</subject><subject>Two-sided market</subject><subject>Welfare</subject><issn>0165-1765</issn><issn>1873-7374</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2021</creationdate><recordtype>article</recordtype><recordid>eNqFkE9LxDAQxYMouK5-BCHgueskaTrtSWTxHyx4Wc-hm0wxtbZr0lX89qZ0756GGd57M_Nj7FrASoAobtsV2aHvaFxJkNOsQilO2EKUqDJUmJ-yRdLpTGChz9lFjC2AkBXqBZPbd-LUNGTHyIeG7-tQdx11fAy1I-57Pv4MWfSOHP-swweN8ZKdNXUX6epYl-zt8WG7fs42r08v6_tNZvNCjZkViNqBRQQtdkVqKirFLk1qKiUIAElEGiB3GoFUhUKomgrQEtFVuVqymzl3H4avA8XRtMMh9GmlkVqWUuWqwKTSs8qGIcZAjdkHny79NQLMhMe05ojHTHjMjCf57mYfpRe-PQUTrafekvMhwTBu8P8k_AFL2m3R</recordid><startdate>20210201</startdate><enddate>20210201</enddate><creator>Kao, Kuo-Feng</creator><creator>Mukunoki, Hiroshi</creator><general>Elsevier B.V</general><general>Elsevier Science Ltd</general><scope>6I.</scope><scope>AAFTH</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>20210201</creationdate><title>The effects of parallel trade in two-sided markets</title><author>Kao, Kuo-Feng ; Mukunoki, Hiroshi</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c463t-c1775d0c77051b67759e81bd0cae8201002eee5004d570e397113ae605277d943</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2021</creationdate><topic>Consumers</topic><topic>Externality</topic><topic>Imports</topic><topic>Manufacturing</topic><topic>Markets</topic><topic>Parallel trade</topic><topic>Profits</topic><topic>Social welfare</topic><topic>Trade surplus</topic><topic>Two-sided market</topic><topic>Welfare</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Kao, Kuo-Feng</creatorcontrib><creatorcontrib>Mukunoki, Hiroshi</creatorcontrib><collection>ScienceDirect Open Access Titles</collection><collection>Elsevier:ScienceDirect:Open Access</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Economics letters</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Kao, Kuo-Feng</au><au>Mukunoki, Hiroshi</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The effects of parallel trade in two-sided markets</atitle><jtitle>Economics letters</jtitle><date>2021-02-01</date><risdate>2021</risdate><volume>199</volume><spage>109721</spage><pages>109721-</pages><artnum>109721</artnum><issn>0165-1765</issn><eissn>1873-7374</eissn><abstract>This study investigates the effects of parallel imports in two-sided markets, which may increase profits for manufacturers when products have a two-sided market nature. Additionally, parallel imports increase consumer surplus and social welfare in all countries if the network externalities from both sides are large enough. However, if one externality is small while the other is large, parallel imports can hurt consumers and welfare in all countries.
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| fulltext | fulltext |
| identifier | ISSN: 0165-1765 |
| ispartof | Economics letters, 2021-02, Vol.199, p.109721, Article 109721 |
| issn | 0165-1765 1873-7374 |
| language | eng |
| recordid | cdi_proquest_journals_2528234367 |
| source | Elsevier ScienceDirect Journals |
| subjects | Consumers Externality Imports Manufacturing Markets Parallel trade Profits Social welfare Trade surplus Two-sided market Welfare |
| title | The effects of parallel trade in two-sided markets |
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