Are online markets more integrated than traditional markets? Evidence from consumer electronics

Néstor Duch-Brown, Lukasz Grzybowski, Andre Romahn and Frank Verboven
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Néstor Duch-Brown: Joint Research Centre of the European Commission
Authors registered in the RePEc Author Service: Néstor Duch Brown

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Abstract: Did the Internet make international markets more integrated? To address this question, we study long-term international price differences and their speed of convergence, based on a unique data base for identical goods sold in both online and traditional "brick-and-mortar" distribution channels, covering ten European countries. We find that long-term international price differences are closely comparable between both distribution channels. Furthermore, international price differences converge only slightly faster online than offline, and the differences in the international price differences between online and offline converge at a very fast rate. Finally, regardless of the distribution channel, long-term price differences are lower and converge faster within the same currency union. Our findings imply that online markets are currently not more integrated than traditional markets.

Keywords: L13; L68; L86 (search for similar items in EconPapers)
Date: 2021-07
New Economics Papers: this item is included in nep-cwa, nep-ict and nep-pay
Note: View the original document on HAL open archive server: https://telecom-paris.hal.science/hal-03235901v1
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Citations: View citations in EconPapers (2)

Published in Journal of International Economics, 2021, 131, pp.103476. ⟨10.1016/j.jinteco.2021.103476⟩

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Journal Article: Are online markets more integrated than traditional markets? Evidence from consumer electronics (2021)
Working Paper: Are Online Markets More Integrated than Traditional Markets? Evidence from Consumer Electronics (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03235901

DOI: 10.1016/j.jinteco.2021.103476

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