Pan, Xing; Shankar, Venkatesh; Ratchford, Brian Thomas - In: The economics of the Internet and E-commerce, (pp. 29-61). 2002
In this paper, we first develop a game theoretic model of price competition between a pure play e-tailer and a bricks-and-clicks e-tailer. We show that in general, the pure play e-tailer has a lower equilibrium price. We then develop a simultaneous equation model of e-tailer price and traffic...