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We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to instrument for potential endogeneity that might result from the selection of firms to certain product markets. We find that greater price adjustment costs result in greater price...
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We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to instrument for potential endogeneity that might result from the selection of firms to certain product markets. We find that greater price adjustment costs result in greater price...
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prices on Internet websites that aggregate offers from different carriers and on the websites managed by the carriers …
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Price comparison websites, where consumers can compare prices at a search cost that is close to zero, have become … increasingly common around the world. Using daily information on prices, click-throughs, and the number of retailers for a sample … the Swedish price comparison website PriceSpy on prices and price dispersion. We find that increased use by consumers …
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