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Does Information Undermine Brand? Information Intermediary Use and Preference for Branded Web Retailers

Waldfogel, Joel; Chen, Lu - 2021

Investments in brand provide one method for vendors to become known and convince potential customers that vendors will … their commitments can serve a similar function and may undermine investments in brand. This study uses a 13-month panel … whether information use undermines brand. We find that individuals who take up using price comparison sites reduce their …

Persistent link: https://www.econbiz.de/10013244355

Geography and the Internet : Is the Internet a Substitute or a Complement for Cities?

Sinai, Todd M.; Waldfogel, Joel - 2021

We study the tendency to connect to the Internet, and the online and offline shopping behavior of connected persons, to draw inferences about whether the Internet is a substitute or a complement for cities. We document that larger markets have more locally-targeted online content and that...

Persistent link: https://www.econbiz.de/10013226190

The Effect of Price Advertising and Prices : Evidence in the Wake of 44 Liquormart

Milyo, Jeff; Waldfogel, Joel - 2021

In May 1996 the U.S. Supreme Court struck down Rhode Island's ban on advertising prices of alcoholic beverages, making Rhode Island the subject of a natural experiment for measuring the impact of advertising on prices. Using Massachusetts prices as controls, we find that while advertising stores...

Persistent link: https://www.econbiz.de/10013237253

Digitization and Pre-Purchase Information : The Causal and Welfare Impacts of Reviews and Crowd Ratings

Xie, Claire - 2020

-based Amazon star ratings on consumer welfare in book publishing. We assemble data on daily Amazon sales ranks, star ratings, and … sales by 78 percent during the first five days following a review; and the elasticity of sales with respect to an Amazon …

Persistent link: https://www.econbiz.de/10012840849

The Median Voter and the Median Consumer : Local Private Goods and Residential Sorting

Waldfogel, Joel - 2021

When a product's product provision entails fixed costs, it will be made available only if a sufficient number of people want it. Some products are produced and consumed locally, so that provision requires not only a large group favoring the product but a large number nearby. Just as one has an...

Persistent link: https://www.econbiz.de/10013239177

Quality Predictability and the Welfare Benefits from New Products : Evidence from the Digitization of Recorded Music

Aguiar, Luis - 2016

We explore the consequence of quality unpredictability for the welfare benefit of new products, using recent developments in recorded music as our context. Digitization has expanded consumption opportunities by giving consumers access to the “long tail” of existing products, rather than...

Persistent link: https://www.econbiz.de/10012982522