"Bargaining and Fixed Price Offers: How Online Intermediaries are Changing New Car Transactions"

The Internet has introduced a variety of online buying services that expand the reach of sellers and reduce search costs for buyers. In markets in which traditional outlets establish prices through bargaining, these online intermediaries have also altered the price setting process. Perhaps the most well known example is Autobytel.com which provides referral services in the automobile market. By using Autobytel, a buyer can obtain a non-negotiable price offer as an alternative to bargaining with a car dealership. To understand the effect of online referral systems on the price setting process, we construct a theoretical model of oligopolistic price competition in which one dealership has an exclusive contract with a referral intermediary. We derive market conditions under which the fixed price offered through the referral system will or will not be lower than offline (bargained) prices. Our model provides theoretical insights relevant to results in the empirical literature addressing the role that Autobytel and other infomediaries play in online markets.online markets, E-commerce, intermediary, autobytel, pricing

"Asymmetric Market Shares, Advertising, and Pricing: Equilibrium with an Information Gatekeeper"

We analyze the impact of market share on advertising and pricing decisions by firms that sell to loyal, non-shopping customers and can advertise to shoppers through an information intermediary or "gatekeeper." In equilibrium the firm with the smaller loyal market advertises more aggressively but prices less competitively than the firm with the larger loyal market, and there is no equilibrium in which both firms advertise with probability 1. The results differ significantly from earlier literature which assumes all prices are revealed to shoppers and finds that the firm with the smaller loyal market adopts a more competitive pricing strategy. The predictions of the model are consistent with advertising and pricing behavior observed on price comparison websites such as Shopper.com.online markets, E-commerce, market share, information gatekeeper, equilibrium price dispersion, advertising

Market for compilation, review, and audit services; Auditing research monograph, 4

https://egrove.olemiss.edu/aicpa_guides/1012/thumbnail.jp

‘Sunglow’ American Witchhazel

Witchhazel (Hamamelis sp.) cultivars are now available in an array of forms and flower colors, including several native, pollinator-friendly cultivars. However, little is known about response of witchhazel cultivars to powdery mildew (Podosphaera biuncinata) or the growth and flowering characteristics of witchhazel cultivars in a nursery field production setting. To provide growth, flowering, and disease incidence data to nursery growers, a cultivar trial including 23 cultivars of witchhazel representing five species was planted Apr. 2016 in McMinnville, TN. Plant growth, flowering density, length of bloom, and foliar disease incidence were evaluated over three growing seasons between May 2016 and Oct. 2018. ‘Zuccariniana’ japanese witchhazel (H. japonica) and ‘Sunglow’ common witchhazel (H. virginiana) showed the greatest height increase during the trial, and ‘Sunglow’ also added the most width during the trial. Cultivars with negative height or width growth included Sweet Sunshine chinese witchhazel (H. mollis) and hybrid witchhazels (H. ×intermedia) Aphrodite, Twilight, and Barmstedt Gold. Ten of the 23 cultivars experienced winter injury in the form of stem necrosis. Root crown sprouts were observed for all cultivars at least once during the trial. ‘Wisely Supreme’ chinese witchhazel had the longest bloom period, followed by ‘Westerstede’ and ‘Twilight’ hybrid witchhazels, whereas ‘Quasimodo’ vernal witchhazel (H. vernalis) had the greatest density of flowers. The hybrid witchhazel cultivars Aphrodite, Nina, and Arnold Promise and the common witchhazel cultivars Green Thumb and Sunglow were resistant to powdery mildew under trial conditions in all 3 years. ‘Twilight’ and ‘Barmstedt Gold’ hybrid witchhazel, ‘Little Suzie’ common witchhazel, ‘Wisley Supreme’ chinese witchhazel, and ‘Shibamichi Red’ japanese witchhazel were moderately resistant to powdery mildew