Pricing Strategies in the Electronic Marketplace
Jihui Chen ()
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Jihui Chen: Illinois State University
A chapter in Handbook of Strategic e-Business Management, 2014, pp 489-522 from Springer
Abstract:
Abstract In this chapter, I review prices and firms’ pricing strategies on the Internet through a broad survey of recent literatures on economics, information system, and marketing. In both empirical and theoretical studies, I carefully identify two causes of price dispersion, a pervasive and persistent phenomenon observed in many homogenous product markets: market friction and product differentiation. In experimental studies, I document pricing strategies arising from both laboratory and field experiments. Finally, recent studies of online pricing issues using international data are also exposited.
Keywords: Pricing strategies; Price dispersion; Market friction; Product differentiation (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prochp:978-3-642-39747-9_21
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DOI: 10.1007/978-3-642-39747-9_21
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