Gorodnichenko, Yuriy; Sheremirov, Viacheslav; Talavera, … - 2015 - This version: January 2015
goods from a major shopping platform, we shed new light on how prices are set in online markets, which have a number of … special properties such as low search costs, low costs of monitoring competitors' prices, and low costs of nominal price … adjustment. We document that although online prices are more flexible than offline prices, they nevertheless exhibit relatively …
