Pricing behaviour on the WEB: Evidence from online travel agencies

Empirica

Volumn 30, Issue 4, 2003, Pages 379-396

  Lehmann, Erik E ^a  

^a UNIVERSITY OF KONSTANZ   (Germany)

Author keywords

E commerce; Market substitution; Search costs

Indexed keywords

COMPETITION (ECONOMICS); E-COMMERCE; INTERNET; MARKET CONDITIONS; PRICE DETERMINATION; RETAILING;

EID: 0347026767     PISSN: 03408744     EISSN: None     Source Type: Journal    
DOI: 10.1023/B:EMPI.0000005240.01953.e0     Document Type: Article

References (28)

1. Bailey, Joseph P. (1998a) 'Intermediation and Electronic Markets: Aggregation and Pricing in Internet Commerce', Ph.D. Thesis, Department of Electrical Engineering and Computer Science, MIT.
2. Bailey, Joseph P. (1998b) 'Electronic Commerce: Prices and Consumer Issues for Three Products: Books, Compact Discs, and Software', OECD/GD (98) 4. Organization for Economic Cooperation and Development, Paris.
3. Bailey, Joseph P. and Bakos, Yannis (1997) 'An Exploratory Study of the Emerging Role of Electronic Intermediaries', International Journal of Electronic Commerce 3, 7-20.
4. Bakos, Yannis (1997) 'Reducing Buyer Search Costs: Implications for Electronic Marketplaces', Management Science 43, 1676-1692.
5. Bakos, Yannis (2001) 'The Emerging Landscape for Retail E-Commerce', Journal of Economic Perspectives 15, 69-80.
6. Brynjolfsson, Eric and Smith, Michael D. (2000) 'Frictionless Commerce? A Comparison of Internet and Conventional Retailers', Management Science 46, 563-585.
7. Buchinsky, Moshee (1998) 'Recent Advantages in Quantile Regression Models', Journal of Human Resources 33, 88-126.
8. Carlson, John and McAfee, Preston (1983) 'Discrete Equilibrium Price Dispersion', Journal of Political Economy 91, 480-493.
9. Clay, Karen, Ramaya, Krishnan, and Wolff, Eric (2001) 'Prices and Price Dispersion on the Web: Evidence from the Online Book Industry', Journal of Industrial Organization 49, 521-539.
10. Clemons, Erik K., Il-Horn, Hann, and Hitt, Lorin M. (2002) 'Price Dispersion and Differentiation in Online Travel: An Empirical Estimation', Management Science 48, 534-549.
11. Diamond, Peter A. (1971) 'A Model of Price Adjustment', Journal of Economic Theory 3, 156-168.
12. Fabel, Oliver and Lehmann, Erik (2002) 'Adverse Selection and Market Substitution by Electronic Trade', International Journal of the Economics of Business 9, 175-193.
13. Fitzenberger, Bernd, Koenker, Roger, and Machado, Jose (2002) 'Economic Applications of Quantile Regression', Issues in Empirical Economics. Heidelberg: Physica.
14. Golsbee, Austan (2001) 'The Implications of Electronic Commerce for Fiscal Policy (and Vice Versa)', Journal of Economic Perspectives 15, 13-23.
15. Golsbee, Austan and Brown, Jeffrey R. (2002) 'Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry', Journal of Political Economy 110, 481-507
16. Golsbee, Austan and Chevalier, Judith (2002) 'Measuring Prices and Price Competition Online: Amazon and Barnes and Noble', Working paper 9085, NBER, Cambridge, MA.
17. Griliches, Zvi (1961) 'Hedonic Price Indexes for Automobiles: An Econometric Analysis of Quality Change', reprinted in Zvi Griliches (ed.), Price Indexes and Quality Change: Studies in New Methods of Measurement. Cambridge, MA: Harvard University Press, pp. 55-87.
18. Koenker, Roger and Hallock, Kevin F. (2001) 'Quantile Regression', Journal of Economic Perspectives 15, 143-156.
19. Lee, H. G. (1998) 'Do Electronic Marketplaces Lower the Price of Goods?', Communications of the ACM 41, 73-80.
20. Lee, Michael J. (2000) 'A Comparative Analysis of Pharmaceutical Pricing', Department of Illinois, Working paper, June 2000.
21. Pagan, A. and Ullah, A (1999) Nonparametric Econometrics. New York: Cambridge University Press.
22. Salop, Steven and Stiglitz, Joseph E. (1977) 'Bargains and Ripoffs: A Model of Monopolistically Competitive Price Dispersion', Review of Economic Studies 44, 493-510.
23. Philips, Louis (1988) The Economics of Imperfect Information. New York: Cambridge University Press.
24. Salop, Steven and Stiglitz, Joseph E. (1982) 'The Theory of Sales: A Simple Model of Equilibrium Price Dispersion with Identical Agents', American Economic Review 72, 1121-1130.
25. Smith, Michael D., Bailey, Joseph, and Brynjolfsson, Erik (2000) 'Understanding Digital Markets: Review and Assessment', in Erik Brynjolfsson and Brian Kahin, eds, Understanding the Digital Economy. Cambridge MA: MIT Press, pp. 99-136.
26. Sorenson, Alan T. (2000) 'Equilibrium Price Dispersion in Retail Markets for Prescription Drugs', Journal of Political Economy 108, 833-850.
27. Stigler, George J. (1961) 'The Economics of Information', Journal of Political Economy 69, 213-285.
28. Stahl, Dale O. (1996) 'Oligopolistic Pricing with Heterogeneous Consumer Search', International Journal of Industrial Organization 14, 243-268.