Price Dispersion And Price Competition In Online Retail Markets

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Pricing Behavior and Equilibrium Price Dispersion in Online Markets

Author : Christine Saliba
Publisher :
ISBN 13 :
Total Pages : 152 pages
Book Rating : 4.:/5 (49 download)

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Book Synopsis Pricing Behavior and Equilibrium Price Dispersion in Online Markets by : Christine Saliba

Download or read book Pricing Behavior and Equilibrium Price Dispersion in Online Markets written by Christine Saliba and published by . This book was released on 2003 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Electronic Commerce

Author : Richard T. Watson
Publisher : Orange Grove Texts Plus
ISBN 13 : 9781616100292
Total Pages : 0 pages
Book Rating : 4.1/5 (2 download)

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Book Synopsis Electronic Commerce by : Richard T. Watson

Download or read book Electronic Commerce written by Richard T. Watson and published by Orange Grove Texts Plus. This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook provides a strategic marketing and managerial perspective of electronic commerce. The research of the four authors provides the basis for the book, allowing for first-hand experience, varied viewpoints, and relevance. Contents: 1) Electronic commerce: An introduction. 2) Electronic commerce technology. 3) Web strategy: Attracting and retaining visitors. 4) Promotion: Integrated Web communications. 5) Promotion & purchase: Measuring effectiveness. 6) Distribution. 7) Service. 8) Pricing. 9) Post-Modernism and the Web: Societal effects.

The Oxford Handbook of the Digital Economy

Author : Martin Peitz
Publisher : Oxford University Press
ISBN 13 : 0195397843
Total Pages : 615 pages
Book Rating : 4.1/5 (953 download)

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Book Synopsis The Oxford Handbook of the Digital Economy by : Martin Peitz

Download or read book The Oxford Handbook of the Digital Economy written by Martin Peitz and published by Oxford University Press. This book was released on 2012-08-23 with total page 615 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic analysis of the digital economy has been a rapidly developing research area for more than a decade. Through authoritative examination by leading scholars, this Handbook takes a closer look at particular industries, business practices, and policy issues associated with the digital industry. The volume offers an up-to-date account of key topics, discusses open questions, and provides guidance for future research. It offers a blend of theoretical and empirical works that are central to understanding the digital economy. The chapters are presented in four sections, corresponding with four broad themes: 1) infrastructure, standards, and platforms; 2) the transformation of selling, encompassing both the transformation of traditional selling and new, widespread application of tools such as auctions; 3) user-generated content; and 4) threats in the new digital environment. The first section covers infrastructure, standards, and various platform industries that rely heavily on recent developments in electronic data storage and transmission, including software, video games, payment systems, mobile telecommunications, and B2B commerce. The second section takes account of the reduced costs of online retailing that threatens offline retailers, widespread availability of information as it affects pricing and advertising, digital technology as it allows the widespread employment of novel price and non-price strategies (bundling, price discrimination), and auctions, as well as better tar. The third section addresses the emergent phenomenon of user-generated content on the Internet, including the functioning of social networks and open source. Finally, the fourth section discusses threats arising from digitization and the Internet, namely digital piracy, privacy and internet security concerns.

Applied Econometric Times Series

Author : Walter Enders
Publisher :
ISBN 13 :
Total Pages : 456 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Applied Econometric Times Series by : Walter Enders

Download or read book Applied Econometric Times Series written by Walter Enders and published by . This book was released on 1995 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: This advanced text for a course on time series econometrics introduces modern time series analyses through the use of wide-ranging examples and applications. Providing a balance between macro- and microeconomic applications, the book covers recent work that has only been published in journals.

Strategies and Price Competition on the Internet

Author : Sophie Larribeau
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Strategies and Price Competition on the Internet by : Sophie Larribeau

Download or read book Strategies and Price Competition on the Internet written by Sophie Larribeau and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: French E-commerce sales have tremendously grown these last two years, even if the estimated amount of transaction is still marginal. Beyond this relative success, E-commerce raises many questions. Are electronic markets more competitive than traditional markets? How can we explain price dispersion on Internet? This paper deals with the pricing strategies of on-line retailers. For this purpose, we have collected data about CD prices on Internet during June and July 2001. This data set enables us to establish that online prices are strongly dispersed and rather volatile. Then we develop a repeated game model to analyze behaviors of CD retailers. Hence we prove that the probability of price collusion should increase with the age of a CD and decrease with its popularity. In other words, a collusion between CD retailers is more likely when the demand for a CD declines. This hypothesis is not rejected by econometric regressions on price level and price dispersion. These results give evidence of a relaxed competition on the older and less popular CD records.

Retailing in the 21st Century

Author : Manfred Krafft
Publisher : Springer Science & Business Media
ISBN 13 : 3540720030
Total Pages : 458 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis Retailing in the 21st Century by : Manfred Krafft

Download or read book Retailing in the 21st Century written by Manfred Krafft and published by Springer Science & Business Media. This book was released on 2009-12-17 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: With crisp and insightful contributions from 47 of the world’s leading experts in various facets of retailing, Retailing in the 21st Century offers in one book a compendium of state-of-the-art, cutting-edge knowledge to guide successful retailing in the new millennium. In our competitive world, retailing is an exciting, complex and critical sector of business in most developed as well as emerging economies. Today, the retailing industry is being buffeted by a number of forces simultaneously, for example the growth of online retailing and the advent of ‘radio frequency identification’ (RFID) technology. Making sense of it all is not easy but of vital importance to retailing practitioners, analysts and policymakers.

The Economics of the Internet and E-commerce

Author : Michael R. Baye
Publisher : Elsevier
ISBN 13 : 0762309717
Total Pages : 280 pages
Book Rating : 4.7/5 (623 download)

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Book Synopsis The Economics of the Internet and E-commerce by : Michael R. Baye

Download or read book The Economics of the Internet and E-commerce written by Michael R. Baye and published by Elsevier. This book was released on 2002-10-31 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first six chapters of the text examine four broad issues: the role of the Internet in fostering competition, its impact on price dispersion and on business-to-business transactions, and the importance of reputation and trust in the new economy. The last four chapters examine the impact of the Internet on the organization of firms, the efficiency of auctions in the Internet age, how consumers choose websites and acquire product information, and the growing problem of congestion on the Internet.

Price Dispersion, Market Competition and Reputation

Author : Rentong Luan
Publisher :
ISBN 13 : 9780355260458
Total Pages : 132 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Price Dispersion, Market Competition and Reputation by : Rentong Luan

Download or read book Price Dispersion, Market Competition and Reputation written by Rentong Luan and published by . This book was released on 2017 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: I study price dispersion and the impact of market concentration and reputation using data collected from China's online markets for consumer electronics. The data provides not only the price information but also the recent sales volume for each seller. It shows that price dispersion does not diminish over time. Although I draw the same conclusion as the research on US market using the gap measurement between the two lists with lowest prices, I find the gap measurement itself is not an effective indicator. Using proper measurement of price dispersion, I find the dispersion is larger in larger markets, which contradicts the findings from data which do not include sales information. Moreover, I find the reputation and services provided by online sellers has little impact on their prices, except for the registered sellers.

An Exploratory Look at a Multivariate Approach to Retail Price Dispersion

Author : John M. Schleede
Publisher :
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.3/5 (129 download)

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Book Synopsis An Exploratory Look at a Multivariate Approach to Retail Price Dispersion by : John M. Schleede

Download or read book An Exploratory Look at a Multivariate Approach to Retail Price Dispersion written by John M. Schleede and published by . This book was released on 1978 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economics and Information Systems

Author : Terrence Hendershott
Publisher : Elsevier Science Limited
ISBN 13 : 9780444517715
Total Pages : 692 pages
Book Rating : 4.5/5 (177 download)

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Book Synopsis Economics and Information Systems by : Terrence Hendershott

Download or read book Economics and Information Systems written by Terrence Hendershott and published by Elsevier Science Limited. This book was released on 2006-12-28 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains chapters that focus on the individual interrelated subjects regarding the economics of information systems: the adoption and diffusion of information technologies; the pricing of data communications; the means and tactics firms us to compete with each other; and the manner in which firms interact with and distribute goods to customers.

Toward a More Accurate Measure of the Cost of Living

Author : United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index
Publisher :
ISBN 13 :
Total Pages : 212 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Toward a More Accurate Measure of the Cost of Living by : United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index

Download or read book Toward a More Accurate Measure of the Cost of Living written by United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index and published by . This book was released on 1996 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Retail Pricing on the Internet

Author : Patrick A. Scholten
Publisher :
ISBN 13 :
Total Pages : 418 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis The Economics of Retail Pricing on the Internet by : Patrick A. Scholten

Download or read book The Economics of Retail Pricing on the Internet written by Patrick A. Scholten and published by . This book was released on 2003 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Consumer Price Search and Platform Design in Internet Commerce

Author : Michael Dinerstein
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis Consumer Price Search and Platform Design in Internet Commerce by : Michael Dinerstein

Download or read book Consumer Price Search and Platform Design in Internet Commerce written by Michael Dinerstein and published by . This book was released on 2014 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Search frictions can explain why the "law of one price" fails in retail markets and why even firms selling commodity products have pricing power. In online commerce, physical search costs are low, yet price dispersion is common. We use browsing data from eBay to estimate a model of consumer search and price competition when retailers offer homogeneous goods. We find that retail margins are on the order of 10%, and use the model to analyze the design of search rankings. Our model explains most of the effects of a major re-design of eBay's product search, and allows us to identify conditions where narrowing consumer choice sets can be pro-competitive. Finally, we examine a subsequent A/B experiment run by eBay that illustrates the greater difficulties in designing search algorithms for differentiated products, where price is only one of the relevant product attributes.

Price Dispersion and Retailer Behavior

Author : Ying Zhao
Publisher :
ISBN 13 :
Total Pages : 250 pages
Book Rating : 4.:/5 (34 download)

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Book Synopsis Price Dispersion and Retailer Behavior by : Ying Zhao

Download or read book Price Dispersion and Retailer Behavior written by Ying Zhao and published by . This book was released on 2001 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Antitrust Paradox

Author : Robert Bork
Publisher :
ISBN 13 : 9781736089712
Total Pages : 536 pages
Book Rating : 4.0/5 (897 download)

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Book Synopsis The Antitrust Paradox by : Robert Bork

Download or read book The Antitrust Paradox written by Robert Bork and published by . This book was released on 2021-02-22 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.

Can Price Dispersion in Online Markets Be Explained By Differences in E-Tailer Service Quality?

Author : Xing Pan
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Can Price Dispersion in Online Markets Be Explained By Differences in E-Tailer Service Quality? by : Xing Pan

Download or read book Can Price Dispersion in Online Markets Be Explained By Differences in E-Tailer Service Quality? written by Xing Pan and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: It has been hypothesized that the Internet lowers search costs and that electronic markets are more competitive than conventional markets. As a result, price dispersion (defined as the distribution of prices of an item with the same measured characteristics across sellers) is expected to be absent from these markets. However, contrary to this expectation, researchers have found that price dispersion in electronic markets is substantial and no narrower than in conventional markets. The observed price dispersion could be due to differences in the services offered by different e-tailers, or to the fact that electronic markets may not be more information-efficient and competitive than conventional markets. This study examined 6,739 price quotes from 105 e-tailers for 581 items in eight product categories and tested if retailer heterogeneity explains online price dispersion. The general conclusion is that the proportion of the price dispersion explained by heterogeneity in e-tailer is small, and that substantial amounts of price dispersion remain after correcting for the influence of e-tailer services. In other words, online price dispersion is persistent even after controlling for e-tailers' service heterogeneity. Evidence still indicates that electronic markets are not necessarily information-efficient. There are apparently gains associated with search for those who do not already know what the best deal is.

The Evolution of Price Dispersion in Internet Retail Markets

Author : Xing Pan
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis The Evolution of Price Dispersion in Internet Retail Markets by : Xing Pan

Download or read book The Evolution of Price Dispersion in Internet Retail Markets written by Xing Pan and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate how online price dispersion has evolved since the bursting of the Internet bubble by comparing price dispersion levels in years 2000, 2001, and 2003 and between multi-channel and pure play e-tailers. The results show that although online price dispersion declined between 2000 and 2001 when there was a shakeout in Internet retailing, it increased from 2001 to 2003, the post bubble period, in particular, for desktop computers, laptop computers, PDAs, electronics and software. The proportion of items for which price dispersion at multi-channel retailers was higher than that at pure play e-tailers, increased steadily during 2000-2003. These findings suggest that online price dispersion is persistent even as Internet markets mature.