PRICE AND PRICE DISPERSION ON THE WEB: EVIDENCE FROM THE ONLINE BOOK INDUSTRY OF TAIWAN

被引:0
作者
Lin, Yu-Chen [1 ]
Chen, Chiang-Mng [2 ]
机构
[1] Soochow Univ, Dept Econ, Taipei 10048, Taiwan
[2] Natl Chi Nan Univ, Dept Econ, Nantou 54561, Taiwan
关键词
internet; price dispersion; information; search; CONSUMER SEARCH; INTERNET; INFORMATION; NUMBER; MODEL; ECONOMICS; SELLERS; COSTS;
D O I
10.15057/26811
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study how the levels of market price and price dispersion are associated with consumers' search costs and the level of competitiveness in the online market using data collected from the online book industry in Taiwan. Our empirical results show that prices and price dispersion are lower for books that are more often purchased or advertised. Moreover, we find that the big three bookstores and the fringe bookstores price differently when facing competition from their rivals and that price dispersion tend to be lower with the number of competing bookstores.
引用
收藏
页码:51 / 70
页数:20
相关论文
共 38 条
[1]   Number of sellers, average prices, and price dispersion [J].
Barron, JM ;
Taylor, BA ;
Umbeck, JR .
INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION, 2004, 22 (8-9) :1041-1066
[2]  
BAYE M., 2006, HDB EC INFORM SYSTEM
[3]   Price dispersion in the small and in the large: Evidence from an internet price comparison site [J].
Baye, MR ;
Morgan, J ;
Scholten, P .
JOURNAL OF INDUSTRIAL ECONOMICS, 2004, 52 (04) :463-496
[4]   Information gatekeepers on the Internet and the competitiveness of homogeneous product markets [J].
Baye, MR ;
Morgan, J .
AMERICAN ECONOMIC REVIEW, 2001, 91 (03) :454-474
[5]   COMPETITION AND PRICE DISPERSION IN THE UNITED-STATES AIRLINE INDUSTRY [J].
BORENSTEIN, S ;
ROSE, NL .
JOURNAL OF POLITICAL ECONOMY, 1994, 102 (04) :653-683
[6]   Frictionless commerce? A comparison of Internet and conventional retailers [J].
Brynjolfsson, E ;
Smith, MD .
MANAGEMENT SCIENCE, 2000, 46 (04) :563-585
[7]  
Brynjolfsson E., 2004, WORKING PAPERS MIT
[8]   EQUILIBRIUM PRICE DISPERSION [J].
BURDETT, K ;
JUDD, KL .
ECONOMETRICA, 1983, 51 (04) :955-969
[9]   Measuring switching costs and the determinants of customer retention in Internet-enabled businesses: A study of the Online brokerage industry [J].
Chen, PY ;
Hitt, LM .
INFORMATION SYSTEMS RESEARCH, 2002, 13 (03) :255-274
[10]  
Chevalier J., 2003, NBER WORKING PAPER