Lehmann, Erik E. - Universität <Augsburg> / Lehrstuhl für … - 2001
There have been many claims that the Internet represents a nearly frictionless market. This paper extends the empirical … and Internet channels. On first sight, lower average prices in Internet trade appear to signal more intensive price …-competition. At the same time, the Internet market place is characterised by greater price dispersion. This rather suggests that …