IDEAS home Printed from https://ideas.repec.org/p/arx/papers/2411.07808.html
   My bibliography  Save this paper

Spatial Competition on Psychological Pricing Strategies: Preliminary Evidence from an Online Marketplace

Author

Listed:
  • Magdalena Schindl
  • Felix Reichel

Abstract

According zu Kadir et al. (2023) online marketplaces are used to buy and sell products and services, as well as to exchange money and data between users or the platform. Due to the large product selection, low costs and the ease of shopping without physical restrictions as well as the technical possibilities, online marketplaces have grown rapidly Kadir et al. (2023). Online marketplaces are also used in the consumer-to-consumer (C2C) sector and thus offer a broad user group a marketplace, for example for used products. This article focuses on Willhaben.at (2024), a leading C2C marketplace in Austria, as stated by Obersteiner, Schmied, and Pamperl (2023). The empirical analysis in this course essay centers around the offer ads of Woom Bikes, a standardised product which is sold on Willhaben. Through web scraping, a dataset of approximately 826 observations was created, focusing on mid-to-high price segment bicycles, which are characterized by price stability and uniformity as we claim. This analysis aims to create analyse ad listing prices through predictive models using willhaben product listing attributes and using the spatial distribution of one of the product attributes.

Suggested Citation

  • Magdalena Schindl & Felix Reichel, 2024. "Spatial Competition on Psychological Pricing Strategies: Preliminary Evidence from an Online Marketplace," Papers 2411.07808, arXiv.org, revised Nov 2024.
    • Handle: RePEc:arx:papers:2411.07808
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/2411.07808
    File Function: Latest version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ortega, Ana M. & Tabares, Felipe A., 2023. "Psychological pricing: Myth or reality? The impact of nine-ending prices on purchasing attitudes and brand revenue," Journal of Retailing and Consumer Services, Elsevier, vol. 71(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Owusu, Prince & Li, Zhiwen & Mensah, Isaac Adjei & Omari-Sasu, Akoto Yaw, 2025. "Consumer response to E-commerce service failure: Leveraging repurchase intentions through strategic recovery policies," Journal of Retailing and Consumer Services, Elsevier, vol. 82(C).
    2. Jiayuan Guo & Yijie Bian & Ming Li & Xu Chen & Xiangting Fan, 2024. "Dynamic pricing strategies for multi‐type knowledge payment products: A system dynamics approach," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(2), pages 1134-1153, March.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:2411.07808. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.