Author: Christine Saliba
Publisher:
ISBN:
Category : Electronic commerce
Languages : en
Pages : 152
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Book Description
Online markets are characterized by very low price search costs for consumers. This has lead to many claims that online markets should be highly competitive. One would expect that price dispersion would disappear if price search costs were close to zero. Recent empirical studies suggest that price dispersion exists, and is persistent on the Internet. The dissertation sheds some light on the forces driving price dispersion on the Internet and influencing the degree of price competition in online markets. The dissertation consists of two parts, one empirical and two theoretical. The first part is an empirical study of price dispersion in the online market for college textbooks. The second part investigates the role that firm heterogeneity plays in sustaining price dispersion by extending existing theoretical models to allow for varying market share across firms.
Author: Patrick A. Scholten
Publisher:
ISBN:
Category :
Languages : en
Pages : 418
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Book Description
Author: Kenneth Burdett
Publisher:
ISBN:
Category : Consumer goods
Languages : en
Pages : 29
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Book Description
Author: James D. Dana
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 40
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Book Description
Author: John A. Carlson
Publisher:
ISBN:
Category : Prices
Languages : en
Pages : 14
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Book Description
Author: Erik Brynjolfsson
Publisher: MIT Press
ISBN: 9780262523301
Category : Business & Economics
Languages : en
Pages : 412
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Book Description
The rapid growth of electronic commerce, along with changes in information, computing, and communications, is having a profound effect on the United States economy. President Clinton recently directed the National Economic Council, in consultation with executive branch agencies, to analyze the economic implications of the Internet and electronic commerce domestically and internationally, and to consider new types of data collection and research that could be undertaken by public and private organizations. This book contains work presented at a conference held by executive branch agencies in May 1999 at the Department of Commerce. The goals of the conference were to assess current research on the digital economy, to engage the private sector in developing the research that informs investment and policy decisions, and to promote better understanding of the growth and socioeconomic implications of information technology and electronic commerce. Aspects of the digital economy addressed include macroeconomic assessment, organizational change, small business, access, market structure and competition, and employment and the workforce.
Author: Ed Hopkins
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
In many markets, it is possible to find rival sellers charging different prices for the same good. Earlier research has attempted to explain this phenomenon by demonstrating the existence of dispersed price equilibria when consumers must make use of costly search to discover prices. We ask whether such equilibria can be learned when sellers adjust prices adaptively in response to current market conditions. With consumer behavior fixed, convergence to a dispersed price equilibrium is possible in some cases. However, once consumer learning is introduced, the monopoly outcome first found by Diamond (3 (1971), 156-68) is the only stable equilibrium.
Author: Eitan Gerstner
Publisher:
ISBN:
Category : Price cutting
Languages : en
Pages : 230
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Book Description
Author: René Böheim
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to instrument for potential endogeneity that might result from the selection of firms to certain product markets. We find that greater price adjustment costs result in greater price dispersion. Although the impact of price adjustment costs on price dispersion became weaker over time, the causal effect of price adjustment costs on price dispersion is still present at the end of the period. Our results are robust to many alternative empirical specifications. We also test a range of alternative explanations of price dispersion, such as search cost, service differentiation, obfuscation, vertical restraints, and market structure.
Author: Ian Lindsay Gale
Publisher:
ISBN:
Category :
Languages : en
Pages : 19
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Book Description
