Cross-channel information search and patterns of consumer electronics purchasing
نویسندگان
چکیده
منابع مشابه
Information Exchange and Consumer Search
Many benchmarks in over-the-counter markets, such as LIBOR, are formed based on the submission of banks’ interbank interest rates. Benchmarks are important, as they help consumers to search and provide firms with a basis for price setting. This paper explores firms’ incentives to contribute information about their costs for the purpose of benchmark formation. We show that benchmarks reduce pric...
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Consumers buying electronics products at the lowest prices on Shopper.com during 2000 and 2001 saved an average of 16 percent, compared to purchasing at the average listed price. Consistent with a variety of theories, the value of information depends on the size of the market. When two firms list prices, consumers save 11% by purchasing at the lowest price rather than the average price. These s...
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ژورنال
عنوان ژورنال: Economic Research-Ekonomska Istraživanja
سال: 2019
ISSN: 1331-677X,1848-9664
DOI: 10.1080/1331677x.2019.1691037