pricing algorithms that allow for high-frequency price changes. What are the implications for price competition? We develop a … model of price competition where firms can differ in pricing frequency and choose algorithms that autonomously react to …, relative to the standard simultaneous price-setting model. Using high-frequency data from major online retailers, we document …

We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with …

influences price dispersion. Using the noisy search approach, the paper demonstrates the effects of having a single large, price …