A statistical analysis of product prices in online markets

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A statistical analysis of product prices in online markets

We empirically investigate fluctuations in product prices in online markets by using a tick-bytick price data collected from a Japanese price comparison site, and find some similarities and differences between product and asset prices. The average price of a product across e-retailers behaves almost like a random walk, although the probability of price increase/decrease is higher conditional on...

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ژورنال

عنوان ژورنال: The European Physical Journal B

سال: 2009

ISSN: 1434-6028,1434-6036

DOI: 10.1140/epjb/e2009-00439-1