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Autor:innen: 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
EERI Research Paper Series No. 07/2009
Verlag: 
Economics and Econometrics Research Institute (EERI), Brussels
Zusammenfassung: 
Along the standard measures of price dispersion, this paper proposes a new method, the residual variance model, to examine the levels of price and price variation within and across 10 kinds of physically identical products on eBay UK. The results find that the price levels and price dispersions on eBay are lower than the ones reported in the prior literature regarding other online markets, but the ’law of one price’ has not prevailed in any sample category. It further suggests an important interaction between the extent of price dispersion and the heterogeneities of consumers and sellers.
Schlagwörter: 
Price Dispersion
Online Auction Markets
JEL: 
D44
D49
Dokumentart: 
Working Paper

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