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price with respect to per-capita income from a unique dataset that I construct, which features prices of 245 identical goods …—Mango. I find that doubling a destination's per-capita income results in an 18% increase in the price of identical items sold … cross-country price variations of identical items purchased via the Internet by consumers who do not take advantage of …
Persistent link: https://www.econbiz.de/10013139751
The Internet has the potential to significantly reduce search costs by allowing consumers to engage in low-cost price … results also show that the initial introduction of the Internet search sites is initially associated with an increase in price …
Persistent link: https://www.econbiz.de/10012752848
A growing body of empirical literature finds that consumers are relatively limited in how much they search over product characteristics. We assemble a dataset of search and purchase behavior from eBay to quantify the returns, and thus implied costs, to consumer search on the internet. The...
Persistent link: https://www.econbiz.de/10012989733
Data on sales of memory modules are used to explore several aspects of e-retail demand. There is a strong relationship between e-retail sales to a given state and sales tax rates that apply to purchases from online retailers. This suggests that there is substantial substitution between online...
Persistent link: https://www.econbiz.de/10012752281
We examine the competition between a group of Internet retailers that operate in an environment where a price search … engine plays a dominant role. We show that for some products in this environment, the easy price search makes demand … tremendously price-sensitive. Retailers, though, engage in obfuscation---practices that frustrate consumer search or make it less …
Persistent link: https://www.econbiz.de/10013313793
Digital technology is the representation of information in bits. This technology has reduced the cost of storage, computation, and transmission of data. Research on digital economics examines whether and how digital technology changes economic activity. In this review, we emphasize the reduction...
Persistent link: https://www.econbiz.de/10012949431
We propose a method for aggregating prices when retailers use periodic sales to price-discriminate amongst … purchases, while Bargain Hunters always pay the lowest price available, the “best price”. We derive the exact price index and … demonstrate empirically that accounting for our best price construct substantially improves the match between conventional price …
Persistent link: https://www.econbiz.de/10013039762
this price premium with differences in income, education,a nd search costs; we find no evidence of statistical race …
Persistent link: https://www.econbiz.de/10013242893
rate. Multiple margins of adjustment (frequency of price changes, direction of price changes, size of price changes, exit … our dataset to show that degree of competition, stickiness of prices, synchronization of price changes, reputation of … sellers, and returns to search effort are important determinants of pass-through and speed of price adjustment for …
Persistent link: https://www.econbiz.de/10013048594
illustrative results on price dispersion, the frequency of over-bidding, the choice of reserve prices, "buy now" options and other …
Persistent link: https://www.econbiz.de/10013092391