market exhibits price dispersion; (b) access fees are sufficiently low that all consumers subscribe; (c) advertising fees …We examine the equilibrium interaction between a market for price information (controlled by a gatekeeper) and the … homogenous product market it serves. The gatekeeper charges fees to firms that advertise prices on its Internet site and to …

A standard “solution” offered to the deleterious effects of all-out price competition is for firms to engage in … differentiate and increase markups, yet imitation by rivals drives prices down toward pre-differentiation levels. Thus, the price … by participating in CNet’s Certified Merchant program enjoys a 5 to 17 percent price premium. However, when other firms …

cost pricing, this has proved not to be the case. Price dispersion online is ubiquitous. The main reason is that price … highlight the connection between empirical findings and theory predictions for e-retail pricing. …

This paper examines 4 million daily price observations for over 1000 consumer electronics products on the price … comparison site Shopper.com. We find little support for the notion that prices on the Internet are converging to the “law of one … price.” In addition, observed levels of price dispersion vary systematically with the number of firms listing prices. The …

Using data from one of the Internet’s leading price comparison sites for consumer electronics products, we present … evidence for the persistence of price dispersion for 36 homogeneous products. The markets for these products are “thick” with … an average of over 20 firms selling each product. We show that prices do not converge to the “law of one price” even …

unit-price commitment. When unit-price commitment is present, both fixed fees and unit prices are set before consumers … choose their exclusive suppliers. In the absence of unit-price commitment, consumers choose exclusive suppliers based on … monopolization. Of the three possible pricing policies, we find that two-part pricing with unit-price commitment is firms' dominant …

This paper provides a comprehensive analysis of online price dispersion in Europe, across a broad range of product … categories and countries. Using the dominant European price comparison site we collected firm specific prices, weekly, from seven … month period October 2001 to June 2002. The resulting data set comprises over 17,000 individual price observations. Using a …

By making new product preannouncements (NPP) firms encourage consumers to postpone purchase and wait for the firms' new … folk wisdom that firms should never preannounce. Our paper bridges the gap between theory and practice by incorporating the … current sales that extant NPP models would find to be unforeseen. We show that: 1. the relative preferences of consumers who …

This paper provides a comprehensive analysis of online price dispersion in Europe, across a broad range of product … categories and countries. Using the dominant European price comparison site we collected firm specific prices, weekly, from sevcn … month period October 2001 to June 2002. The resulting data set comprises over 17,000 individual price observations. Using a …