Price Dispersion Market Competition And Reputation

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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.

Price Competition and Reputation in Markets for Experience Goods

Author : Steffen Huck
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (912 download)

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Book Synopsis Price Competition and Reputation in Markets for Experience Goods by : Steffen Huck

Download or read book Price Competition and Reputation in Markets for Experience Goods written by Steffen Huck and published by . This book was released on 2013 with total page 23 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.

Price Competition and Reputation in Credence Goods Markets

Author : Wanda Mimra
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Price Competition and Reputation in Credence Goods Markets by : Wanda Mimra

Download or read book Price Competition and Reputation in Credence Goods Markets written by Wanda Mimra and published by . This book was released on 2016 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: In credence goods markets, experts have better information about the appropriate quality of treatment than their customers. Because experts provide both the diagnosis and the treatment, there is opportunity for fraud. We experimentally investigate how the intensity of price competition and the level of customer information about past expert behavior infl uence experts' incentives to defraud their customers when experts can build up reputation. We show that the level of fraud is significantly higher under price competition than when prices are fi xed, as the price decline under a competitive-price regime inhibits quality competition. More customer information does not necessarily reduce the level of fraud.

Transdisciplinary Marketing Concepts and Emergent Methods for Virtual Environments

Author : El-Gohary, Hatem
Publisher : IGI Global
ISBN 13 : 1466618620
Total Pages : 386 pages
Book Rating : 4.4/5 (666 download)

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Book Synopsis Transdisciplinary Marketing Concepts and Emergent Methods for Virtual Environments by : El-Gohary, Hatem

Download or read book Transdisciplinary Marketing Concepts and Emergent Methods for Virtual Environments written by El-Gohary, Hatem and published by IGI Global. This book was released on 2012-07-31 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book provides a broad and comprehensive international coverage of subjects, issues, and current trends relating to all areas of online marketing"--Provided by publisher.

Price Dispersion and Competition with Differentiated Sellers

Author : Matthew S. Lewis
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Price Dispersion and Competition with Differentiated Sellers by : Matthew S. Lewis

Download or read book Price Dispersion and Competition with Differentiated Sellers written by Matthew S. Lewis and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: I measure price dispersion among differentiated retail gasoline sellers and study the relationship between dispersion and the local competitive environment. Significant price dispersion exists even after controlling for differences in station characteristics, and price differences between sellers change frequently. The extent of price dispersion is related to the density of local competition, but this relationship varies significantly depending on the type of seller and the composition of its competitors. These findings are consistent with interactions between seller and consumer heterogeneity that are not well understood in the existing price dispersion literature.

Price Competition and Reputation in Credence Goods Markets

Author : W. Mimra
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (84 download)

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Book Synopsis Price Competition and Reputation in Credence Goods Markets by : W. Mimra

Download or read book Price Competition and Reputation in Credence Goods Markets written by W. Mimra and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Effect of Ambiguity on Price Dispersion in Duopoly Markets

Author : Zachary Dorobiala
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)

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Book Synopsis The Effect of Ambiguity on Price Dispersion in Duopoly Markets by : Zachary Dorobiala

Download or read book The Effect of Ambiguity on Price Dispersion in Duopoly Markets written by Zachary Dorobiala and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Price dispersion remains a persistent feature of markets for many consumer goods. Theoretically, tension between competing for informed consumers and exploiting captive consumers yields mixed strategy pricing equilibria. This paper considers the implications on pricing levels and dispersion when there is ambiguity about a firm's share of the captive consumers. Said ambiguity forces firms to make pricing decisions without specific probabilities attached to consumer buying habits. The model reveals that ambiguity aversion forces relatively small firms to price higher on average while it causes relatively large firms to price more competitively on average. An experiment provides empirical support for this result, while also showing that individual ambiguity attitudes do not matter when in a market without ambiguity. Additionally, ambiguity significantly lowers price dispersion in markets with a high fraction of informed consumers, while also increasing competition between firms. This effect is primarily driven by the firm with a larger share of captive consumers.

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.

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.

Electronic Commerce Management for Business Activities and Global Enterprises: Competitive Advantages

Author : Lee, In
Publisher : IGI Global
ISBN 13 : 1466618019
Total Pages : 514 pages
Book Rating : 4.4/5 (666 download)

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Book Synopsis Electronic Commerce Management for Business Activities and Global Enterprises: Competitive Advantages by : Lee, In

Download or read book Electronic Commerce Management for Business Activities and Global Enterprises: Competitive Advantages written by Lee, In and published by IGI Global. This book was released on 2012-06-30 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electronic Commerce Management for Business Activities and Global Enterprises: Competitive Advantages is written as an e-commerce textbook for undergraduate and graduate students in various business programs, including information systems, marketing, computer science, and MBA. In addition to serving as a textbook in e-commerce, this book also provides an excellent repository for instructors, researchers, and industry practitioners for their research ideas, theories, and practical experiences. In addition to regular topics traditionally taught in the classroom, this textbook addresses the many new emerging ideas and applications and presents tools and techniques in all aspects of e-commerce development and management in the global economy.

Stanford Economics Journal

Author :
Publisher :
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Stanford Economics Journal by :

Download or read book Stanford Economics Journal written by and published by . This book was released on 1992 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Asymmetric Price Effects of Competition

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

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Book Synopsis Asymmetric Price Effects of Competition by : Saul Lach

Download or read book Asymmetric Price Effects of Competition written by Saul Lach and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: When price dispersion is prevalent, a relevant question is what happens to the whole distribution of equilibrium prices when the number of firms changes. Using data from the gasoline market in the Netherlands, we find, first, that markets with N competitors have price distributions that first-order stochastically dominate the price distributions in markets with N+1 firms. Second, the effect of competition is stronger for the medium to upper percentiles of the price distribution. Finally, consumer gains from competition are larger for relatively well-informed consumers. To account for these empirical patterns, we extend Varian's [1980] model by allowing for richer heterogeneity in consumer price information.

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.

Online Price Dispersion

Author : David Bounie
Publisher :
ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Online Price Dispersion by : David Bounie

Download or read book Online Price Dispersion written by David Bounie and published by . This book was released on 2014 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Online price dispersion has remained a puzzle for many years. In this article, we test the effects of a range of factors identified in the literature including vendor strategy, market structure, vendor heterogeneity and the time dimension. We use a dataset collected from the Amazon.com, Amazon.uk and the Amazon.fr marketplaces for books, CDs and DVDs from March to November 2006. First, using posted prices, we show that vendors make few modifications to their prices over time (once every 20 to 30 days), and those variations that they do make are relatively small (on average 15 cents). Secondly, we compare posted prices to transaction prices and we show that transaction prices do not necessarily correspond to the lowest posted price but rather centered around the median prices. Thirdly, we show that online price dispersion increases with the number of sellers mainly because new sellers price their product significantly lower that the current median price. Fourth, we show that there is a significant reputation premium of about 10 to 15%. A well established seller can charge a price 10 to 20% higher than the average seller. Our estimation results support the idea that price dispersion is sensitive to the maturity of the market. Consistent with our finding that price dispersion increases with the number of sellers, less mature markets, such as France with fewer sellers, exhibit lower price dispersion. Similarly, we find that large sellers account for a greater proportion of transactions in France than in the U.S. Lastly, we find that public policy can affect price dispersion: a French law limiting discounting on new books results in lower price dispersion in the French book market relative to book markets in the US and UK and relative to the French market for other goods.

Valuing the Unique

Author : Lucien Karpik
Publisher : Princeton University Press
ISBN 13 : 1400835216
Total Pages : 292 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Valuing the Unique by : Lucien Karpik

Download or read book Valuing the Unique written by Lucien Karpik and published by Princeton University Press. This book was released on 2021-11-09 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this landmark work of economic sociology, Lucien Karpik introduces the theory and practical tools needed to analyze markets for singularities. Singularities are goods and services that cannot be studied by standard methods because they are multidimensional, incommensurable, and of uncertain quality. Examples include movies, novels, music, artwork, fine wine, lawyers, and doctors. Valuing the Unique provides a theoretical framework to explain this important class of products and markets that for so long have eluded neoclassical economics. With this innovative theory--called the economics of singularities--Karpik shows that, because of the uncertainty and the highly subjective valuation of singularities, these markets are necessarily equipped with what he calls "judgment devices"--such as labels, brands, guides, critics, and rankings--which provide consumers with the credible knowledge needed to make reasonable choices. He explains why these markets are characterized by the primacy of competition by qualities over competition by prices, and he identifies the conditions under which singularities are constructed or are in danger of losing their uniqueness. After demonstrating how combinations of the numerous and multiform judgment devices can be used to identify different market models, Karpik applies his analytical tools to the functioning of a large number of actual markets, including fine wines, movies, luxury goods, pop music, and legal services.

Advanced Methodologies and Technologies in Digital Marketing and Entrepreneurship

Author : Khosrow-Pour, D.B.A., Mehdi
Publisher : IGI Global
ISBN 13 : 152257767X
Total Pages : 857 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Advanced Methodologies and Technologies in Digital Marketing and Entrepreneurship by : Khosrow-Pour, D.B.A., Mehdi

Download or read book Advanced Methodologies and Technologies in Digital Marketing and Entrepreneurship written by Khosrow-Pour, D.B.A., Mehdi and published by IGI Global. This book was released on 2018-11-09 with total page 857 pages. Available in PDF, EPUB and Kindle. Book excerpt: As businesses aim to compete internationally, they must be apprised of new methods and technologies to improve their digital marketing strategy in order to remain ahead of their competition. Trends in entrepreneurship that drive consumer engagement and business initiatives, such as social media marketing, yields customer retention and positive feedback. Advanced Methodologies and Technologies in Digital Marketing and Entrepreneurship provides information on emerging trends in business innovation, entrepreneurship, and marketing strategies. While highlighting challenges such as successful social media interactions and consumer engagement, this book explores valuable information within various business environments and industries such as e-commerce, small and medium enterprises, hospitality and tourism management, and customer relationship management. This book is an ideal source for students, marketers, social media marketers, business managers, public relations professionals, promotional coordinators, economists, hospitality industry professionals, entrepreneurs, and researchers looking for relevant information on new methods in digital marketing and entrepreneurship.