Price Dispersion
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Recent papers in Price Dispersion
What determines a country's ability to compete in international markets? What fosters the global competitiveness of its firms? And in the European context, have key elements of the EU strategy such as EMU and enlargement helped or... more
The authors put forward a sales response model to explain the differences in immediate and dynamic effects of promotional prices and regular prices on sales. The model consists of a vector autoregression rewritten in error-correction... more
We consider a homogenous good oligoply with identical consumers who learn about prices either by (sequentially) visiting firms or by consulting a price agency who sells information about which firm charges the lowest price. In the... more
During the last two decades, the European Union (EU) has experienced closer market integration through the removal of trade barriers, the establishment of a single market, and the reduction of exchange rate volatility. In addition, there... more
During the last two decades, the European Union (EU) has experienced closer market integration through the removal of trade barriers, the establishment of a single market, and the reduction of exchange rate volatility. In addition, there... more
Auto rental firms offer a menu of prices that differ across car quality (eg Midsize vs. Economy) and consumer types (Business vs. Leisure customers). This paper analyzes the impact of competition on price discrimination in the auto rental... more
We examine the equilibrium interaction between a market for price information (controlled by a gatekeeper) and the homogenous product market it serves. The gatekeeper charges fees to firms that advertise prices on its Internet site and to... more
JOURNAL OF INTERACTIVE MARKETING VOLUME 18 / NUMBER 4 / AUTUMN 2004 Published online in Wiley InterScience (www.interscience.wiley.com). DOI: 10.1002/dir.20019 ... Marketing at the RH Smith School of ... XING PAN, BRIAN T. RATCHFORD, AND... more
The authors examine variability in the price and purity of cocaine and heroin using data gathered over a 14-year period by the System to Retrieve Information from Drug Evidence (STRIDE) of the United States Drug Enforcement... more
La aparición de Internet como nuevo canal de venta directa revolucionó los procesos de búsqueda del consumidor, simplificándolos enormemente. Los motores de búsqueda de precios profundizaron, aún más, el ahorro de tiempo, y de costos de... more
The emergence of semantic web opens up boundless possibilities by enabling software agents to intelligently reason about its content. Over 300 million searches are conducted everyday on the Internet by people trying to find what they... more
It has been hypothesized that the online medium and the Internet lower search costs and that electronic markets are more competitive than conventional markets. This suggests that price dispersion of an item with the same measured... more
The Netherlands introduced a new health insurance system in January 2006, a system based on managed competition. Such a system critically hinges on consumers that search. It is for this reason we think it is important to investigate the... more