Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/142539
Authors: 
Luo, Sha
Year of Publication: 
2009
Series/Report no.: 
EERI Research Paper Series 07/2009
Abstract: 
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.
Subjects: 
Price Dispersion
Online Auction Markets
JEL: 
D44
D49
Document Type: 
Working Paper

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