Price Dispersion and Differentiation in Online Travel: An Empirical Investigation
نویسندگان
چکیده
Eric K. Clemons • Il-Horn Hann • Lorin M. Hitt Department of Operations and Information Management, The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania 19104 Graduate School of Industrial Administration, Carnegie Mellon University, Pittsburgh, Pennsylvania 15213 Department of Operations and Information Management, The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania 19104
منابع مشابه
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Previous research has examined whether price dispersion exists in theoretically highly efficient Internet markets. However, much of the previous work has been focused on industries with low cost and undifferentiated products. In this paper, we examine the presence of price dispersion and product differentiation using data on the airline ticket offerings of online travel agents (OTAs). We find t...
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It has been hypothesized that the online medium and the Internet lower search costs and that electronic markets are more competitive than conventional markets. This suggests that price dispersion--the distribution of prices of an item indicated by measures such as range and standard deviation—of an item with the same measured characteristics across sellers of the item at a given point in time f...
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Research in economics, information systems and marketing has sought to understand sources of price dispersion in both offline and online markets. Our research posits that extant empirical work on price dispersion has largely focused on studying the problem from a consumer perspective, i.e., their ability to search and compare, with additional explanations such as brands and shipping costs. We a...
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ورودعنوان ژورنال:
- Management Science
دوره 48 شماره
صفحات -
تاریخ انتشار 2002