Price Discount and Price Dispersion in Online Market: Do More Firms Still Lead to More Competition?
Abstract: Contrary to the traditional economic prediction that prices decrease as more firms enter the market, this paper finds a non-monotonic relationship between the number of firms and prices in online book markets. A substantial decrease in posted prices is observed when the market moves from a...
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| Main Authors: | , , |
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| Language: | English |
| Published: |
Universidad de Talca
2021
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| Subjects: | |
| Online Access: | http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-18762021000200110 |
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