| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20819 |
| 来源ID | Working Paper 20819 |
| Price Setting in Online Markets: Does IT Click? | |
| Yuriy Gorodnichenko; Viacheslav Sheremirov; Oleksandr Talavera | |
| 发表日期 | 2015-01-05 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Using a unique dataset of daily U.S. and U.K. price listings and the associated number of clicks for precisely defined goods from a major shopping platform, we shed new light on how prices are set in online markets, which have a number of special properties such as low search costs, low costs of monitoring competitors' prices, and low costs of nominal price adjustment. We document that although online prices are more flexible than offline prices, they continue to exhibit relatively long spells of fixed prices, large size and low synchronization of price changes, considerable cross-sectional dispersion, and low sensitivity to predictable or unanticipated changes in demand conditions. Qualitatively these patterns are similar to those observed for offline prices, which calls for more research on the sources of price rigidities and dispersion. |
| 主题 | Macroeconomics ; Business Cycles |
| URL | https://www.nber.org/papers/w20819 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578492 |
| 推荐引用方式 GB/T 7714 | Yuriy Gorodnichenko,Viacheslav Sheremirov,Oleksandr Talavera. Price Setting in Online Markets: Does IT Click?. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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