Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 24 for “"Price Dispersion"”.
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An investigation of price dispersion in Internet auctions
… on-line auctions, there is a strong degree of price dispersion, even in liquid markets with a large number of bids per auction item. This Thesis research strives to quantify such dispersion and present explanations for the key findings on the nature of price dispersion in on-line auctions of …
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An Examination of Price Dispersion in an Online Retail Marketplace
… is a compilation of three essays that analyze price dispersion in an online retail marketplace. Price dispersion is a measure of the variation in prices that sellers charge for products. Online price dispersion has been thoroughly analyzed in the past decade as it has numerous implications for …
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Essays in Competition and Investment in Electricity Market
… hundreds of electricity plans with different prices. The first paper uses search cost and product differentiation to explain the price dispersion using only data on price. If search costs are present, the search burden can lead to market inefficiency. If product differentiation is the main …
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Essays in Applied Microeconomics
… The second chapter investigates the effect of price dispersion on consumer search behavior, drawing evidence from the retail gasoline market in Greece. The final chapter builds on the second, studying the asymmetric price adjustment and the impact of market competition on the asymmetric price …
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Efficiency comparison of online and offline markets: evidence from the two largest U.S. retailers
… the U.S. online and offline market based on the price level, price dispersion, price elasticity and menu cost. A direct comparison of all four market efficiency criteria based on empirical results is not discussed in the literature. Here, the empirical study analyzes and compares the online and …
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The Economics of Cryptocurrencies
… The second chapter studies the time-varying price dispersion among different bitcoin exchanges. We identify the sources of price dispersion using a standard time-varying vector autoregression model with stochastic volatility. The results show that shocks to transaction fees and bitcoin price …
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Economic reforms and product market integration in developing countries : an empirical investigation using retail prices in Zambia
… countries. This thesis uses newly obtained micro-price and tariff data to extend the price-based empirical evidence of product market integration in a developing country, namely Zambia, by examining the influence of trade costs, tariff reform and tradability on internal price dispersion. The main …
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Essays on pricing and learning in Bertrand markets.
… adaptive belief learning in order to explain price dispersion and dynamics in laboratory Bertrand markets with perfect information. In the model, sellers hold beliefs about their opponents’ strategies and play quantal best responses to these beliefs. After each round, sellers update their …
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Private information and price regulation In the US credit card market
… effects: on the one hand, a decoupling between prices and default risk on existing loans over time, which engenders adverse selection through higher attrition of safe borrowers; on the other hand, lower markups on borrowers revealed to be inelastic, and hence lower price dispersion in the market …
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Empirical studies of oligopolistic pricing and heterogeneous consumer search
… of the role of consumer search in explaining price patterns in retail markets for prescriptions drugs {Chapters 1 and 2), as well as a separate study of hospital-insurer bargaining in the state of Connecticut (Chapter 3). Chapter 1 seeks to establish the empirical importance of price …
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Idiosyncratic risk in US commercial real estate
Commercial Real Estate price performance is captured at the aggregate (or market) level by a price index such as Moody's RCA CPPI Index. However, individual property performance could be significantly different from the aggregate index performance (both national and metro indices) due to several …
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Buyer's Choice of Online Search Strategy and Its Implications for E -Markets
… affected by his perceived distribution of online prices, and not by the type of distribution of buyers' search cost and search intensity. (c) Perceived distribution of online prices, perceived price ranking of preferred/favorite seller, and the proportion of online buyers aware of online search …
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Essays in pharmaceutical economics
… of a first mover advantage as well as persistent price dispersion among generic entrants. Finally, I employ an instrumental variables approach to estimate the effect of marginal generic entry on price and generic diffusion within the market.
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Multimarket Search
The extensive literature on searching for price information deals almost exclusively with the search for the price of a single good. Since consumers would like to maximize the utility of consumption, a more general problem than minimizing the price of one good, search theory should consider the …
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Essays In Two-Sided Markets With Intermediaries
… of available sellers makes the search for low-priced and high-value sellers harder due to an unfavorable price dispersion. A platform optimally adopts a threshold strategy of targeting sellers with lower costs to balance the competing externalities. The third chapter studies intermediation in a …
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Essays in industrial organization
… a Korean government website has posted daily prices of all gasoline stations. Combined with the rapid increase of smartphone and mobile technologies, this price information service may have changed the consumer search environment significantly. Using daily price data, sales data, and regional …
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Essays on the Microfoundations of Asset Liquidity and Resale Premia
… on how liquidity and resale premia shape asset prices and monetary transmission. In frictionless Walrasian settings, neither money nor financial assets are essential for exchange, and asset values reflect only discounted dividends. Once search and decentralised trade are introduced, however, …
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Essays on the Microfoundations of Asset Liquidity and Resale Premia
… on how liquidity and resale premia shape asset prices and monetary transmission. In frictionless Walrasian settings, neither money nor financial assets are essential for exchange, and asset values reflect only discounted dividends. Once search and decentralised trade are introduced, however, …
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Three Essays in Macroeconomics
… In chapter 3, we develop a model of equilibrium price dispersion via customer search and show that it can match well-known empirical facts about international prices despite the fact that markets are equally integrated across and within countries. We then consider the model's implications for …
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The Impact of Consumer Behaviour on Technological Change and the Market Structure - An Evolutionary Simulation Study
This thesis shows that consumers' behaviour has a decisive impact on the innovative behaviour of firms and on the development of industry. As a framework, an evolutionary simulation model is chosen, and market interactions are modelled according to a search theoretic approach.
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