Do Lower Search Costs Reduce Prices and Price Dispersion?
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Pereira, Pedro, 2005. "Do lower search costs reduce prices and price dispersion?," Information Economics and Policy, Elsevier, vol. 17(1), pages 61-72, January.
References listed on IDEAS
- Kreps, David M & Wilson, Robert, 1982.
"Sequential Equilibria,"
Econometrica, Econometric Society, vol. 50(4), pages 863-894, July.
- David Kreps & Robert Wilson, 1998. "Sequential Equilibria," Levine's Working Paper Archive 237, David K. Levine.
- David M Kreps & Robert Wilson, 2003. "Sequential Equilibria," Levine's Working Paper Archive 618897000000000813, David K. Levine.
- Karen Clay & Ramayya Krishnan & Eric Wolff, 2001.
"Prices and Price Dispersion on the Web: Evidence from the Online Book Industry,"
Journal of Industrial Economics, Wiley Blackwell, vol. 49(4), pages 521-539, December.
- Karen Clay & Ramayya Krishnan & Eric Wolff, 2001. "Prices and Price Dispersion on the Web: Evidence from the Online Book Industry," NBER Chapters, in: E-commerce, pages 521-539, National Bureau of Economic Research, Inc.
- Karen Clay & Ramayya Krishnan & Eric Wolff, 2001. "Prices and Price Dispersion on the Web: Evidence from the Online Book Industry," NBER Working Papers 8271, National Bureau of Economic Research, Inc.
- Benabou Roland, 1993.
"Search Market Equilibrium, Bilateral Heterogeneity, and Repeat Purchases,"
Journal of Economic Theory, Elsevier, vol. 60(1), pages 140-158, June.
- Benabou, Roland, 1988. "Search market equilibrium bilateral heterogeneity and repeat purchases," CEPREMAP Working Papers (Couverture Orange) 8806, CEPREMAP.
- Jeffrey R. Brown & Austan Goolsbee, 2002.
"Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry,"
Journal of Political Economy, University of Chicago Press, vol. 110(3), pages 481-507, June.
- Brown, Jeffrey, 2000. "Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry," Working Paper Series rwp00-007, Harvard University, John F. Kennedy School of Government.
- Joseph E. Harrington, Jr., 2001. "Comment on "Reducing Buyer Search Costs: Implications for Electronic Marketplaces"," Management Science, INFORMS, vol. 47(12), pages 1727-1732, December.
- Oecd, 1998. "Electronic Commerce: Prices and Consumer Issues for Three Products: Books, Compact Discs and Software," OECD Digital Economy Papers 32, OECD Publishing.
- Dennis W. Carlton & Judith A. Chevalier, 2001.
"Free Riding and Sales Strategies for the Internet,"
Journal of Industrial Economics, Wiley Blackwell, vol. 49(4), pages 441-461, December.
- Dennis W. Carlton & Judith A. Chevalier, 2001. "Free Riding and Sales Strategies for the Internet," NBER Chapters, in: E-commerce, pages 441-461, National Bureau of Economic Research, Inc.
- Dennis W. Carlton & Judith A. Chevalier, 2001. "Free Riding and Sales Strategies for the Internet," NBER Working Papers 8067, National Bureau of Economic Research, Inc.
- Erik Brynjolfsson & Michael D. Smith, 2000.
"Frictionless Commerce? A Comparison of Internet and Conventional Retailers,"
Management Science, INFORMS, vol. 46(4), pages 563-585, April.
- Michael Smith & Erik Brynjolfsson, 1999. "Frictionless Commerce? A Comparison of Internet and Conventional Retailers," Computing in Economics and Finance 1999 1022, Society for Computational Economics.
- J. Yannis Bakos, 1997. "Reducing Buyer Search Costs: Implications for Electronic Marketplaces," Management Science, INFORMS, vol. 43(12), pages 1676-1692, December.
- Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, vol. 2(3), pages 225-243, September.
- MacMinn, Richard D, 1980. "Search and Market Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 88(2), pages 308-327, April.
- Reinganum, Jennifer F, 1979.
"A Simple Model of Equilibrium Price Dispersion,"
Journal of Political Economy, University of Chicago Press, vol. 87(4), pages 851-858, August.
- Jennifer F. Reinganum, 1978. "A Simple Model of Equilibrium Price Dispersion," Discussion Papers 335, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Dennis W. Carlton & Judith A. Chevalier, 2001.
"Free Riding and Sales Strategies for the Internet,"
NBER Chapters, in: E-commerce, pages 441-461,
National Bureau of Economic Research, Inc.
- Carlton, Dennis W & Chevalier, Judith A, 2001. "Free Riding and Sales Strategies for the Internet," Journal of Industrial Economics, Wiley Blackwell, vol. 49(4), pages 441-461, December.
- Dennis W. Carlton & Judith A. Chevalier, 2001. "Free Riding and Sales Strategies for the Internet," NBER Working Papers 8067, National Bureau of Economic Research, Inc.
- Samuelson, Larry & Zhang, Jianbo, 1992. "Search costs and prices," Economics Letters, Elsevier, vol. 38(1), pages 55-60, January.
- Pereira, Pedro, 2001. "Market power, cost reduction and consumer search," International Journal of Industrial Organization, Elsevier, vol. 19(9), pages 1457-1473, November.
- Kyle Bagwell & Garey Ramey, 1994.
"Advertising and Coordination,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 61(1), pages 153-171.
- Kyle Bagwell & Garey Ramey, 1990. "Advertising and Coordination," Discussion Papers 903, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Eric K. Clemons & Il-Horn Hann & Lorin M. Hitt, 2002. "Price Dispersion and Differentiation in Online Travel: An Empirical Investigation," Management Science, INFORMS, vol. 48(4), pages 534-549, April.
- Karen Clay & Ramayya Krishnan & Eric Wolff, 2001.
"Prices and Price Dispersion on the Web: Evidence from the Online Book Industry,"
NBER Chapters, in: E-commerce, pages 521-539,
National Bureau of Economic Research, Inc.
- Clay, Karen & Krishnan, Ramayya & Wolff, Eric, 2001. "Prices and Price Dispersion on the Web: Evidence from the Online Book Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 49(4), pages 521-539, December.
- Karen Clay & Ramayya Krishnan & Eric Wolff, 2001. "Prices and Price Dispersion on the Web: Evidence from the Online Book Industry," NBER Working Papers 8271, National Bureau of Economic Research, Inc.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- He, X. & Reiner, D., 2018.
"Consumer Engagement in Energy Markets: The Role of Information and Knowledge,"
Cambridge Working Papers in Economics
1867, Faculty of Economics, University of Cambridge.
- Xiaoping He & David Reiner, 2018. "Consumer Engagement in Energy Markets: The Role of Information and Knowledge," Working Papers EPRG 1835, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Aurora García-Gallego & Nikolaos Georgantzís & Pedro Pereira & José C. Pernías-Cerrillo, 2005. "Competing Against Simulated Equilibrium Price Dispersions: An Experiment On Internet-Assisted Search Markets," Working Papers 05-12, NET Institute.
- García-Gallego Aurora & Georgantzís Nikolaos & Pereira Pedro & Pernías-Cerrillo José C., 2016. "Bias and Size Effects of Price-Comparison Platforms: Theory and Experimental Evidence," Review of Network Economics, De Gruyter, vol. 15(1), pages 1-34, March.
- Aurora García-Gallego & Nikolaos Georgantzís & Pedro Pereira & José C. Pernías-Cerrillo, 2004. "Risk Attitudes and Internet Search Engines: Theory and Experimental Evidence," Working Papers 04-03, NET Institute, revised Oct 2004.
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.- Edgardo Arturo Ayala Gaytán, 2009. "Social network externalities and price dispersion in online markets," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(2), pages 1-28, November.
- Sophie Larribeau & Thierry Pénard, 2002.
"Le commerce électronique en France : un essai de mesure sur le marché des CD,"
Économie et Statistique, Programme National Persée, vol. 355(1), pages 27-46.
- Sophie Larribeau & Thierry Pénard, 2002. "Le commerce électronique en France : un essai de mesure sur le marché des CD," Post-Print halshs-00069683, HAL.
- Anindya Ghose & Yuliang Yao, 2011. "Using Transaction Prices to Re-Examine Price Dispersion in Electronic Markets," Information Systems Research, INFORMS, vol. 22(2), pages 269-288, June.
- Mazón, Cristina & Pereira, Pedro, 2001.
"Electronic commerce, consumer search and retailing cost reduction,"
UC3M Working papers. Economics
we016722, Universidad Carlos III de Madrid. Departamento de EconomÃa.
- Cristina Mazón & Pedro Pereira, 2001. "Electronic commerce, consumer search and reailing cost reduction," Documentos de Trabajo del ICAE 0102, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
- Gerard J. Berg, 2006.
"Revolutionary Effects of New Information Technologies,"
Economic Journal, Royal Economic Society, vol. 116(509), pages 10-28, February.
- van den Berg, Gerard J., 2005. "Revolutionary Effects of New Information Technologies," IZA Discussion Papers 1655, Institute of Labor Economics (IZA).
- Van den Berg, Gerard, 2005. "Revolutionary Effects of New Information Technologies," CEPR Discussion Papers 5147, C.E.P.R. Discussion Papers.
- Zhang, Xubing & Jiang, Bo, 2014. "Increasing Price Transparency: Implications of Consumer Price Posting for Consumers' Haggling Behavior and a Seller's Pricing Strategies," Journal of Interactive Marketing, Elsevier, vol. 28(1), pages 68-85.
- José L. Moraga-González & Zsolt Sándor & Matthijs R. Wildenbeest, 2014.
"Prices, Product Differentiation, and Heterogeneous Search Costs,"
Tinbergen Institute Discussion Papers
14-080/VII, Tinbergen Institute.
- Moraga-González, José L. & Sándor, Zsolt & Wildenbeest, Matthijs R., 2014. "Prices, Product Differentiation, And Heterogeneous Search Costs," IESE Research Papers D/1097, IESE Business School.
- José Luis Moraga Gonzalez & Zsolt Sándor & Matthijs R. Wildenbeest, 2014. "Prices, Product Differentiation, and Heterogeneous Search Costs," CESifo Working Paper Series 4889, CESifo.
- Jose L. Moraga-Gonzalez, 2015. "Prices, Product Differentiation, and Heterogeneous Search Costs," 2015 Meeting Papers 335, Society for Economic Dynamics.
- Pereira, Pedro, 2005.
"Multiplicity of equilibria in search markets with free entry and exit,"
International Journal of Industrial Organization, Elsevier, vol. 23(5-6), pages 325-339, June.
- Pedro Pereira, 2004. "Multiplicity of Equilibria in Search Markets with Free Entry and Exit," Working Papers 03, Portuguese Competition Authority.
- Austan Goolsbee & Judith Chevalier, 2002.
"Measuring Prices and Price Competition Online: Amazon and Barnes and Noble,"
NBER Working Papers
9085, National Bureau of Economic Research, Inc.
- Austan Goolsbee & Judith Chevalier, 2002. "Measuring Prices and Price Competition Online: Amazon and Barnes and Noble," Yale School of Management Working Papers ysm290, Yale School of Management, revised 12 Sep 2008.
- De los Santos, Babur, 2018.
"Consumer search on the Internet,"
International Journal of Industrial Organization, Elsevier, vol. 58(C), pages 66-105.
- Babur de los Santos, 2008. "Consumer Search on the Internet," Working Papers 2008-06, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
- Babur De los Santos, 2008. "Consumer Search on the Internet," Working Papers 08-15, NET Institute, revised Sep 2008.
- Randy A. Nelson & Richard Cohen & Frederik Roy Rasmussen, 2007. "An Analysis of Pricing Strategy and Price Dispersion on the Internet," Eastern Economic Journal, Eastern Economic Association, vol. 33(1), pages 95-110, Winter.
- Michael A. Arnold & Christine Saliba, 2003. "Price Dispersion in Online Markets: The Case of College Textbooks," Working Papers 03-02, University of Delaware, Department of Economics.
- Il-Horn Hann & Christian Terwiesch, 2003. "Measuring the Frictional Costs of Online Transactions: The Case of a Name-Your-Own-Price Channel," Management Science, INFORMS, vol. 49(11), pages 1563-1579, November.
- Fiona Scott Morton, 2006. "Consumer Benefit from Use of the Internet," NBER Chapters, in: Innovation Policy and the Economy, Volume 6, pages 67-90, National Bureau of Economic Research, Inc.
- Michael R. Baye & John Morgan, 2009.
"Brand and Price Advertising in Online Markets,"
Management Science, INFORMS, vol. 55(7), pages 1139-1151, July.
- Baye, Michael & Morgan, John, 2004. "Brand and Price Advertising in Online Markets," Competition Policy Center, Working Paper Series qt9760k3hz, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley.
- Michael R. Baye & John Morgan, 2005. "Brand and Price Advertising in Online Markets," Working Papers 2005-08, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
- Michael Baye & John Morgan, 2005. "Brand and Price Advertising in Online Markets," Microeconomics 0504009, University Library of Munich, Germany.
- Jaume Rosselló Nadal & Antoni Riera Font, 2008. "Pricing on the European Mass Tourism Market: Tour Operators, Low Cost Carriers and Internet," CRE Working Papers (Documents de treball del CRE) 2008/4, Centre de Recerca Econòmica (UIB ·"Sa Nostra").
- Dmitri Kuksov, 2004. "Buyer Search Costs and Endogenous Product Design," Marketing Science, INFORMS, vol. 23(4), pages 490-499, May.
- Richards, Timothy J. & Hamilton, Stephen F. & Allender, William, 2016.
"Search and price dispersion in online grocery markets,"
International Journal of Industrial Organization, Elsevier, vol. 47(C), pages 255-281.
- Timothy Richards & Stephen Hamilton & William Allender, 2015. "Search and Price Dispersion in Online Grocery markets," Working Papers 1504, California Polytechnic State University, Department of Economics.
- Timothy J. Richards & Stephen F. Hamilton & Koichi Yonezawa, 2017.
"Variety and the Cost of Search in Supermarket Retailing,"
Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 50(3), pages 263-285, May.
- Richards, Timothy J. & Yonezawa, Koichi & Hamilton, Stephen F., 2014. "Variety and the cost of search in supermarket retailing," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182778, European Association of Agricultural Economists.
- Maarten C. W. Janssen & José Luis Moraga-González & Matthijs R. Wildenbeest, 2004.
"Consumer Search and Oligopolistic Pricing: An Empirical Investigation,"
CESifo Working Paper Series
1292, CESifo.
- Maarten C.W. Janssen & Jose Luis Moraga-Gonzalez & Matthijs R. Wildenbeest, 2004. "Consumer Search and Oligopolistic Pricing: An Empirical Investigation," Tinbergen Institute Discussion Papers 04-071/1, Tinbergen Institute.
More about this item
Keywords
Search; Price Levels; Price Dispersion;All these keywords.
JEL classification:
- D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
Statistics
Access and download statisticsCorrections
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:pca:wpaper:04. 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: Duarte Brito (email available below). General contact details of provider: https://edirc.repec.org/data/acogvpt.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.