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Data on sales of memory modules are used to explore several aspects of e-retail demand. There is a strong relationship between e-retail sales to a given state and sales tax rates that apply to purchases from online retailers. This suggests that there is substantial substitution between online...
Persistent link: https://www.econbiz.de/10012752281
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...
Persistent link: https://www.econbiz.de/10013032706
The rapid rise in sales over the Internet has generated debate over the taxation of such transactions since the buyers … the effects that local sales taxes have on Internet commerce. The results show that, controlling for many observable … characteristics, people who live in locations with high sales taxes are significantly more likely to buy things over the Internet. The …
Persistent link: https://www.econbiz.de/10014157055
We use Adobe Analytics data on online transactions for millions of products in many different categories from 2014 to 2017 to shed light on how online inflation compares to overall inflation, and to gauge the magnitude of new product bias online. The Adobe data contain transaction prices and...
Persistent link: https://www.econbiz.de/10012918079
There is convincing evidence that the Internet has lowered the prices paid by some consumers inestablished industries … Internet lowers prices. This paper answers this questionfor the auto retailing industry. We use direct measures of search … behavior and consumercharacteristics to investigate how the Internet affects negotiated prices. We show that the Internetlowers …
Persistent link: https://www.econbiz.de/10013222988
The economic literature on online auctions is rapidly growing because of the enormous amount of freely available field data. Moreover, numerous innovations in auction-design features on platforms such as eBay have created excellent research opportunities. In this article, we survey the...
Persistent link: https://www.econbiz.de/10013224430
We study the tendency to connect to the Internet, and the online and offline shopping behavior of connected persons, to … draw inferences about whether the Internet is a substitute or a complement for cities. We document that larger markets have … content, suggesting the Internet is a complement to cities. Yet, holding local online content constant, people are less likely …
Persistent link: https://www.econbiz.de/10013226190
Mediating transactions through the Internet removes important cues that salespeople can use to assess a consumer …'s willingness to pay. We analyze whether dealers' difficulty in identifying consumer characteristics on the Internet and consumers … discrimination. The second part of the paper turns to the role of the Internet. Online minority buyers who use the Internet Referral …
Persistent link: https://www.econbiz.de/10013242893
The internet has facilitated the creation of new markets characterized by large scale, increased customization, rapid …-commerce, internet job matching and financial exchanges, and other internet platforms. I also discuss the empirical evidence on … competition and consumer behavior in internet markets and some directions for future research …
Persistent link: https://www.econbiz.de/10013068482
Despite the interest in measuring price sensitivity of online consumers, most academic work on Internet commerce is … rise of Internet sales. The estimates suggest that prices online are much more variable than the CPI, which understates …
Persistent link: https://www.econbiz.de/10013230767