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Consumer Price Search and Platform Design in Internet Commerce

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NBER2014-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20415
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资源简介:
Search frictions can explain why the "law of one price" fails in retail markets and why even firms selling commodity products have pricing power. In online commerce, physical search costs are low, yet price dispersion is common. We use browsing data from eBay to estimate a model of consumer search
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2014-08-01
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