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Kasy, Maximilian; Kummer, Michael - NET Institute - 2008

We analyze the behavior of start-ups in e-commerce, namely on Austria's leading price-comparison-site, a multi-product environment with almost complete information. We use weekly panel data on price-quotes of digicams, Audio/HiFi-equipment and hardware. We furthermore use advanced estimation...

Persistent link: https://www.econbiz.de/10005459401

Deriving the Pricing Power of Product Features by Mining Consumer Reviews

Archak, Nikolay; Ghose, Anindya; Ipeirotis, Panagiotis G. - NET Institute - 2007

The increasing pervasiveness of the Internet has dramatically changed the way that consumers shop for goods. Consumer-generated product reviews have become a valuable source of information for customers, who read the reviews and decide whether to buy the product based on the information...

Persistent link: https://www.econbiz.de/10005585475

Design of Consumer Review Systems and Product Pricing

Jiang, Yabing; Guo, Hong - NET Institute - 2012

examined. This paper analyzes firms’ review system design and product pricing strategies. We formally model two design features … product popularity and product quality. Different pricing strategies should be deployed during the initial sale period for … different product types. For niche products, firms are advised to adopt lower-bound pricing for high-quality products to take …

Persistent link: https://www.econbiz.de/10010905464

Shopping Cost and Brand Exploration in Online Grocery

Pozzi, Andrea - NET Institute - 2009

This paper explores differences in consumers' grocery shopping behavior when they shop online and in a brick-and-mortar store. To do so, I assemble a new scanner dataset that tracks customers' grocery purchases in-store and on the Internet. This allows comparison in behavior of the same...

Persistent link: https://www.econbiz.de/10008514804

Paid Placement: Advertising and Search on the Internet

Chen, Yongmin; He, Chuan - NET Institute - 2006

Paid placement, where advertisers bid payments to a search engine to have their products appear next to keyword search results, has emerged as a predominant form of advertising on the Internet. This paper studies a product-di¤erentiation model where consumers are initially uncertain about the...

Persistent link: https://www.econbiz.de/10005459404

Do Social Networks Solve Information Problems for Peer-to-Peer Lending? Evidence from Prosper.com

Freedman, Seth; Jin, Ginger Zhe - NET Institute - 2008

This paper studies peer-to-peer (p2p) lending on the Internet. Prosper.com, the first p2p lending website in the US, matches individual lenders and borrowers for unsecured consumer loans. Using transaction data from June 1, 2006 to July 31, 2008, we examine what information problems exist on...

Persistent link: https://www.econbiz.de/10005622723

The Demand for Products Linked to Public Goods: Evidence from an Online Field Experiment

McManus, Brian; Bennet, Richard - NET Institute - 2008

We conduct a field experiment at a nonprofit organization’s online store to study how demand changes when consumers’ purchases generate revenue for a charitable cause. Consumers respond strongly when their purchases generate small donations by an anonymous outside group, but responses are...

Persistent link: https://www.econbiz.de/10005622739

WHO BENEFITS FROM ONLINE PRIVACY?

Taylor, Curtis; Wagman, Liad - NET Institute - 2008

When firms can identify their past customers, they may use information about purchase histories in order to price discriminate. We present a model with a monopolist and a continuum of heterogeneous consumers, where consumers can opt out from being identified, possibly at a cost. We find that...

Persistent link: https://www.econbiz.de/10005622740

Monopoly Pricing in the Presence of Social Learning

Ifrach, Bar; Maglaras, Costis; Scarsini, Marco - NET Institute - 2011

to analyze the social learning mechanism and its effect on the seller's pricing decision. This analysis borrows from the … literature on social learning and on pricing and revenue management. Consumers follow a naive decision rule and, under some … heterogeneity of quality preferences. Two pricing strategies are studied: a static price and a single price change. Properties of …

Persistent link: https://www.econbiz.de/10010905450

Dynamic Platform Design

Veiga, Andre - NET Institute - 2014

Abstract I model dynamic product design along price and non-price dimensions by a firm in a market with positive network externalities between consumers. In the case of a usage fee, I provide conditions under which the steady state (SS) is unique and show that the introductory price is negative...

Persistent link: https://www.econbiz.de/10010934839