Do lower search costs reduce prices and price dispersion?

被引：14

作者：

Pereira, P ^{[1
]}

机构：

[1] Autoridade Concorrencia, P-1050138 Lisbon, Portugal

来源：

INFORMATION ECONOMICS AND POLICY | 2005年 / 17卷 / 01期

关键词：

search; price levels; price dispersion;

D O I：

10.1016/j.infoecopol.2004.03.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper presents a search model, for which a decrease in the search cost may lead to lower prices and to a lower price variance, but may also lead to the opposite. This result contrasts with some predictions about the impact of the Internet on prices, but fits well with the empirical literature on e-commerce. (C) 2004 Elsevier B.V. All rights reserved.

引用

收藏

页码：61 / 72

页数：12

相关论文

共 25 条

[1] ADVERTISING AND COORDINATION [J].

BAGWELL, K ;

RAMEY, G .

REVIEW OF ECONOMIC STUDIES, 1994, 61 (01) :153-172

[2]

BAILEY J, 1998, ELECT COMMERCE PRICE

[3] Reducing buyer search costs: Implications for electronic marketplaces [J].

Bakos, JY .

MANAGEMENT SCIENCE, 1997, 43 (12) :1676-1692

[4]

Baye M. R, 2001, PRICE DISPERSION SMA

[5] SEARCH MARKET EQUILIBRIUM, BILATERAL HETEROGENEITY, AND REPEAT PURCHASES [J].

BENABOU, R .

JOURNAL OF ECONOMIC THEORY, 1993, 60 (01) :140-158

[6] Does the Internet make markets more competitive? Evidence from the life insurance industry [J].

Brown, JR ;

Goolsbee, A .

JOURNAL OF POLITICAL ECONOMY, 2002, 110 (03) :481-507

[7] Frictionless commerce? A comparison of Internet and conventional retailers [J].

Brynjolfsson, E ;

Smith, MD .

MANAGEMENT SCIENCE, 2000, 46 (04) :563-585

[8]

BUTLER P, 1997, MCKINSEY Q, P4

[9] Free riding and sales strategies for the internet [J].

Carlton, DW ;

Chevalier, JA .

JOURNAL OF INDUSTRIAL ECONOMICS, 2001, 49 (04) :441-461

[10] Prices and price dispersion on the web: Evidence from the online book industry [J].

Clay, K ;

Krishnan, R ;

Wolff, E .

JOURNAL OF INDUSTRIAL ECONOMICS, 2001, 49 (04) :521-539