The growth of Internet price search tools, notably shopbots, has reduced consumers’ search costs for price and some … examines the impact of changes in shopbot use over time on pricing behavior in the Internet book market. Using price data …

There have been many claims that the Internet represents a new nearly "frictionless market." Our research empirically … analyzes the characteristics of the Internet as a channel for two categories of homogeneous products-books and CDs. Using a … data set of over 8,500 price observations collected over a period of 15 months, we compare pricing behavior at 41 Internet …