An Examination Of Price Dispersion In An Online Retail Marketplace
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An Examination Of Price Dispersion In An Online Retail Marketplace
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Author : David DiRusso
language : en
Publisher:
Release Date : 2010
An Examination Of Price Dispersion In An Online Retail Marketplace written by David DiRusso and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
This dissertation is a compilation of three essays that analyze price dispersion in an online retail marketplace. Price dispersion is a measure of the variation in prices that sellers charge for products. Online price dispersion has been thoroughly analyzed in the past decade as it has numerous implications for firm pricing strategy as well as consumer welfare. Chapter 1 of this dissertation offers a literature review of price dispersion research, and discusses key explanations as to why this phenomenon exists on the web. Also, a literature review of shop-bots is presented as they are similar to online marketplaces and form the basis of the three studies. Chapter 2 is the first study, and it establishes the existence of price dispersion in online marketplaces and offers a comparison with price dispersion in shop-bots. It is determined that online marketplaces may have less variation than on shop-bots, yet the price dispersion is still high. Chapter 3 is the second study and it explains much of the dispersion found in the online marketplace through differences in seller service quality and seller reputation. A seller's reputation was found to be the key contributor to variation in the online marketplace hence, study 3, which is chapter 4 of this dissertation, employs an experimental approach designed to offer a perspective of buyers and sellers to determine why price varies with reputation and if consumers value the reputation score. It was determined that buyers prefer sellers with strong long run reputation scores more than sellers with strong short-term reputation scores. Based on these reputation scores sellers want to try to offer a higher price than consumers are willing to pay, and sellers think that a strong score conveys higher levels of trust than buyers believe. This mismatch between how sellers think consumers respond, and how the consumers actually respond could be another driver of price dispersion online. A discussion of the implications of these research studies is offered in Chapter 5.
An Examination Of Price Dispersion In An Online Retail Marketplace
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Author : David John Dirusso
language : en
Publisher:
Release Date : 2000
An Examination Of Price Dispersion In An Online Retail Marketplace written by David John Dirusso and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.
Online Price Dispersion
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Author : Sulin Ba
language : en
Publisher:
Release Date : 2015
Online Price Dispersion written by Sulin Ba and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
The Internet has changed the nature of doing business as well as the nature of competition in many industries. Consumers are more empowered than ever with valuable information such as prices, products, and store ratings. Because of this, some researchers even predicted, during the early stage of e-commerce, a frictionless economy in which online prices would be driven down to marginal costs. However, many studies have subsequently observed the wide price dispersion online, and its existence and persistence has now been well documented. Possible explanations of this price dispersion, derived mainly using hedonic price models, have seen only modest success. In this paper, we propose an alternative competitive model, based on online retailers' differentiation, to explain price dispersion. We empirically test the predictions of this model and find that the model is a viable alternative to the hedonic price model. In addition, our competitive model is able to predict and explain observations that are seemingly inconsistent with a hedonic model. Practically, our model yields important recommendations for the online etailing industry and can help an e-tailer to choose a desirable position in the competitive market.
The Economics Of The Internet And E Commerce
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Author : Michael R. Baye
language : en
Publisher: Elsevier
Release Date : 2002-10-31
The Economics Of The Internet And E Commerce written by Michael R. Baye and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-10-31 with Business & Economics categories.
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 In Internet Sales Data Reform On Online Marketplace Contradict Lab Experiments
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Author : Nikolai Bazenkov
language : en
Publisher:
Release Date : 2019
Price Dispersion In Internet Sales Data Reform On Online Marketplace Contradict Lab Experiments written by Nikolai Bazenkov and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
Economic And Empirical Analysis Of Consumer Purchase Intentions In Electronic And Traditional Retail Channels Internet Retailer Pricing Strategies And Price Dispersion On The Internet
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Author : Bo-chiuan Su
language : en
Publisher:
Release Date : 2002
Economic And Empirical Analysis Of Consumer Purchase Intentions In Electronic And Traditional Retail Channels Internet Retailer Pricing Strategies And Price Dispersion On The Internet written by Bo-chiuan Su and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
An Exploratory Look At A Multivariate Approach To Retail Price Dispersion
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Author : John M. Schleede
language : en
Publisher:
Release Date : 1978
An Exploratory Look At A Multivariate Approach To Retail Price Dispersion written by John M. Schleede and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Advertising categories.
Modern Industrial Organization
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Author : Dennis W. Carlton
language : en
Publisher: Addison Wesley
Release Date : 2000
Modern Industrial Organization written by Dennis W. Carlton and has been published by Addison Wesley this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
This text offers modern coverage of modern industrial organizations, including strategic behaviour and game theory. It uses a unified structure to analyse theories and empirical evidence about the organization of firms and indutries.
A Model Of Consumer External Price Searech Behavior In An Electronic Marketplace World Wide Web
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Author : James A. Ramos
language : en
Publisher:
Release Date : 2003
A Model Of Consumer External Price Searech Behavior In An Electronic Marketplace World Wide Web written by James A. Ramos and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Consumer behavior categories.
The Impact Of Price Adjustment Costs On Price Dispersion In E Commerce
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Author : René Böheim
language : en
Publisher:
Release Date : 2019
The Impact Of Price Adjustment Costs On Price Dispersion In E Commerce written by René Böheim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
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.