Analyses of market structures - Chen, Daniel Timothy; Sannikov, Yuliy; Skrzypacz, Andrzej, 1973-; Duffie, Darrell; Wilson, Robert, 1937-; Stanford University, Graduate School of Business ([Stanford, California] : [Stanford University], 2023)
This paper contains three chapters which each develops a new economic model to investigate a question related to market structure. The first chapter develops a search-theoretic model of competing platforms that profit from targeted advertising to understand the impacts of policies, such as those on consumer data and platform interoperability, on this market's function. The second chapter, based on joint work with Darrell Duffie, investigates the welfare implications of the growing fragmentation of trade across lit exchanges. The third chapter investigates the optimal design of a market for trade of a financial asset.
Submitted to the Graduate School of Business.
Thesis Ph.D. Stanford University 2023.
Rights: (c) Copyright 2023 by Daniel Timothy Chen
Rights: This work is licensed under a Creative Commons Attribution 3.0 Unported license (CC BY).
Keywords: theses; text