| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28860 |
| 来源ID | Working Paper 28860 |
| Competition in Pricing Algorithms | |
| Zach Y. Brown; Alexander MacKay | |
| 发表日期 | 2021-05-31 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We document new facts about pricing technology using high-frequency data, and we examine the implications for competition. Some online retailers employ technology that allows for more frequent price changes and automated responses to price changes by rivals. Motivated by these facts, we consider a model in which firms can differ in pricing frequency and choose pricing algorithms that are a function of rivals’ prices. In competitive (Markov perfect) equilibrium, the introduction of simple pricing algorithms can generate price dispersion, increase price levels, and exacerbate the price effects of mergers. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Industrial Organization ; Market Structure and Firm Performance ; Industry Studies |
| URL | https://www.nber.org/papers/w28860 |
| 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/586534 |
| 推荐引用方式 GB/T 7714 | Zach Y. Brown,Alexander MacKay. Competition in Pricing Algorithms. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28860.pdf（847KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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