Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5078372 | International Journal of Industrial Organization | 2010 | 12 Pages |
Abstract
This paper examines the impact of changes in shopbot use over time on pricing behavior in the Internet book market. We do this by combining price and clickstream data collected from August 1999 to July 2001 - a period of rapid expansion in shopbot use. We find that a 1% increase in shopbot use is correlated with a $0.41 decrease in price levels and a 1.1% decrease in price dispersion.
Related Topics
Social Sciences and Humanities
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Economics and Econometrics
Authors
Zhulei Tang, Michael D. Smith, Alan Montgomery,