Empirical Analysis on the Price Dispersion in Online Appliance Market in China

被引：0
作者：
Chen, Li [1 ]
机构：
[1] Xiamen Univ, Sch Econ, Dept Publ Finance, Xiamen 361005, Peoples R China
来源：
PROCEEDINGS OF THE 2009 INTERNATIONAL CONFERENCE ON PUBLIC ECONOMICS AND MANAGEMENT ICPEM 2009, VOL 2: ECONOMIC POLICIES, PLANNING AND ASSESSMENT | 2009年
关键词：
online market; price dispersion; EQUILIBRIUM;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper, we conduct an empirical analysis of the online appliance market based on the price dispersion model generated by Dong Lihong. Our sample consists of 6442 price observations on 877 household electrical appliances from www.smart.com.cn. Our results show that price dispersion in the online appliance market is high, pervasive, and persistent, and cannot be viewed as a transitory phenomenon in an immature online market. Further, we investigate the causes of price dispersion in the online market by examining heterogeneity of online retailers, consumers' searching costs, differences in product attributes, limited transparency of the online market and the reliability of online transactions.
引用
收藏
页码：361 / 364
页数：4
相关论文
共 15 条
  • [1] BAILY JP, 1998, OECDGD984
  • [2] BAILY JP, 1998, THESIS MIT
  • [3] Frictionless commerce? A comparison of Internet and conventional retailers
    Brynjolfsson, E
    Smith, MD
    [J]. MANAGEMENT SCIENCE, 2000, 46 (04) : 563 - 585
  • [4] Brynjolfsson E., 2000, The Great Equalizer? Consumer Choice Behavior and Internet Shopbots
  • [5] EQUILIBRIUM PRICE DISPERSION
    BURDETT, K
    JUDD, KL
    [J]. ECONOMETRICA, 1983, 51 (04) : 955 - 969
  • [6] Steady state price distributions in a noisy search equilibrium
    Burdett, K
    Coles, MG
    [J]. JOURNAL OF ECONOMIC THEORY, 1997, 72 (01) : 1 - 32
  • [7] DISCRETE EQUILIBRIUM PRICE DISPERSION
    CARLSON, JA
    MCAFEE, RP
    [J]. JOURNAL OF POLITICAL ECONOMY, 1983, 91 (03) : 480 - 493
  • [8] Price dispersion and differentiation in online travel: An empirical investigation
    Clemons, EK
    Hann, IH
    Hitt, LM
    [J]. MANAGEMENT SCIENCE, 2002, 48 (04) : 534 - 549
  • [9] *CNNIC, 2008, REP SURV ONL SHOPP C
  • [10] DONG L, 1998, PRICE THEORY PRACTIC, P34
12