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来源类型Working Paper
规范类型报告
DOI10.3386/w20819
来源IDWorking 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
URLhttps://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.
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