Price dispersion in the small and in the large: Evidence from an internet price comparison site

被引：204

作者：

Baye, MR

Morgan, J

Scholten, P

机构：

[1] Indiana Univ, Dept Business Econ, Kelley Sch Business, Bloomington, IN 47405 USA

[2] Univ Calif Berkeley, Haas Sch Business, Berkeley, CA 94720 USA

[3] Bentley Coll, Dept Econ, Waltham, MA 02452 USA

来源：

JOURNAL OF INDUSTRIAL ECONOMICS | 2004年 / 52卷 / 04期

关键词：

D O I：

10.1111/j.0022-1821.2004.00236.x

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper examines four million daily price observations for more than 1,000 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 difference between the two lowest prices ( the 'gap') averages 23 per cent when two firms list prices, and falls to 3.5 per cent in markets where 17 firms list prices. These empirical results are an implication of a general 'clearinghouse' model of equilibrium price dispersion.

引用

页码：463 / 496

页数：34

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