{"id":{"repo_id":"uiuc","oai_identifier":"oai:www.ideals.illinois.edu:2142/85510"},"canonical_url":"https://search.dev.ndltd.org/etd/uiuc/oai:www.ideals.illinois.edu:2142/85510","repository":{"repo_id":"uiuc","name":"University of Illinois - Urbana-Champaign","base_url":"https://www.ideals.illinois.edu/oai-pmh"},"display":{"title":"The Pricing of Pharmaceuticals by Online and Traditional Retailers: An Empirical Examination","abstract":"Unlike the previous research, the principal findings of this thesis support the premise that retail marketplace on the Internet is more competitive than the brick-and-mortar marketplace. For the retail pharmacy market, I found that online price levels were lower for both over-the-counter and prescription drugs; the prices for the former were more dispersed online, while the prices for latter were less. As predicted, however, prices for pharmaceutical products changed less frequently online. It is not entirely clear, however, that the reduction in price volatilities in the Internet retail market is the result of the reduction of online retailers' ability to price discriminate, even though a test of relative ranks provides some evidence that this may be so. Lastly, mixed evidence supporting menu cost theory was found.","abstract_html":"Unlike the previous research, the principal findings of this thesis support the premise that retail marketplace on the Internet is more competitive than the brick-and-mortar marketplace. For the retail pharmacy market, I found that online price levels were lower for both over-the-counter and prescription drugs; the prices for the former were more dispersed online, while the prices for latter were less. As predicted, however, prices for pharmaceutical products changed less frequently online. It is not entirely clear, however, that the reduction in price volatilities in the Internet retail market is the result of the reduction of online retailers&#x27; ability to price discriminate, even though a test of relative ranks provides some evidence that this may be so. Lastly, mixed evidence supporting menu cost theory was found.","abstract_has_math":false,"creators":["Lee, Michael Jae Woo"],"institution":"University of Illinois at Urbana-Champaign","degree_name":"Ph.D.","degree_level":"Dissertation","degree_discipline":"Economics","degree_department":null,"school":null,"contributors":["Michael R. Ward"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2015,"date_issued":"2015-09-25T22:47:11Z","date_published":"2015-09-25T22:47:11Z","updated_at":"2026-07-22T22:26:25Z","subjects":["Economics, General"],"languages":["eng"],"rights":[],"rights_urls":[],"identifier_entries":[{"key":"dc:identifier","label":"Identifier","values":["(MiAaPQ)AAI3023114"],"render_values":[{"text":"(MiAaPQ)AAI3023114","href":null,"code":true}]}]},"links":{"outbound_url":"http://hdl.handle.net/2142/85510","outbound_label":"Handle","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["Michael R. Ward"]},{"key":"dc:creator","label":"Author","values":["Lee, Michael Jae Woo"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2015-09-25T22:47:11Z","10000-01-01","2001"]},{"key":"dc:type","label":"Dc Type","values":["text"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Economics"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Dissertation"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Ph.D."]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["University of Illinois at Urbana-Champaign"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Economics, General"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language","label":"Dc Language","values":["eng"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["http://hdl.handle.net/2142/85510","(MiAaPQ)AAI3023114"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["Unlike the previous research, the principal findings of this thesis support the premise that retail marketplace on the Internet is more competitive than the brick-and-mortar marketplace. For the retail pharmacy market, I found that online price levels were lower for both over-the-counter and prescription drugs; the prices for the former were more dispersed online, while the prices for latter were less. As predicted, however, prices for pharmaceutical products changed less frequently online. It is not entirely clear, however, that the reduction in price volatilities in the Internet retail market is the result of the reduction of online retailers' ability to price discriminate, even though a test of relative ranks provides some evidence that this may be so. Lastly, mixed evidence supporting menu cost theory was found.","Made available in DSpace on 2015-09-25T22:47:11Z (GMT). No. of bitstreams: 2 license.txt: 4848 bytes, checksum: 96035ab3f5e1c23cc7138a224ce498bd (MD5) 3023114.pdf: 3952879 bytes, checksum: b724a5cdcc9d89c91026c4d5b44151e5 (MD5) Previous issue date: 2001","Embargo set by: Seth Robbins for item 86791 Lift date: Forever Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs","Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs","U of I Only","155 p.","Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2001."]},{"key":"dc:title","label":"Title","values":["The Pricing of Pharmaceuticals by Online and Traditional Retailers: An Empirical Examination"]}]}],"canonical_facts":{"dc:contributor":["Michael R. Ward"],"dc:creator":["Lee, Michael Jae Woo"],"dc:date":["2015-09-25T22:47:11Z","10000-01-01","2001"],"dc:description":["Unlike the previous research, the principal findings of this thesis support the premise that retail marketplace on the Internet is more competitive than the brick-and-mortar marketplace. For the retail pharmacy market, I found that online price levels were lower for both over-the-counter and prescription drugs; the prices for the former were more dispersed online, while the prices for latter were less. As predicted, however, prices for pharmaceutical products changed less frequently online. It is not entirely clear, however, that the reduction in price volatilities in the Internet retail market is the result of the reduction of online retailers' ability to price discriminate, even though a test of relative ranks provides some evidence that this may be so. Lastly, mixed evidence supporting menu cost theory was found.","Made available in DSpace on 2015-09-25T22:47:11Z (GMT). No. of bitstreams: 2 license.txt: 4848 bytes, checksum: 96035ab3f5e1c23cc7138a224ce498bd (MD5) 3023114.pdf: 3952879 bytes, checksum: b724a5cdcc9d89c91026c4d5b44151e5 (MD5) Previous issue date: 2001","Embargo set by: Seth Robbins for item 86791 Lift date: Forever Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs","Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs","U of I Only","155 p.","Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2001."],"dc:identifier":["http://hdl.handle.net/2142/85510","(MiAaPQ)AAI3023114"],"dc:language":["eng"],"dc:subject":["Economics, General"],"dc:title":["The Pricing of Pharmaceuticals by Online and Traditional Retailers: An Empirical Examination"],"dc:type":["text"],"thesis:degree_discipline":["Economics"],"thesis:degree_level":["Dissertation"],"thesis:degree_name":["Ph.D."],"thesis:institution_name":["University of Illinois at Urbana-Champaign"]},"updated_at":"2026-07-22T22:26:25Z"}