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Phone: (843) 805-6930
West Ashley Library
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Folly Beach Library
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Retail Strategies on the Web: Price and Non–price Competition in the Online Book Industry.
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- Author(s): Clay, K.; Krishnan, R.; Wolff, E.; Fernandes, D.
- Source:
Journal of Industrial Economics; Sep2002, Vol. 50 Issue 3, p351-367, 17p- Subject Terms:
- Source:
- Additional Information
- Abstract: Two conflicting predictions have emerged regarding the effect of low–cost information on price. The first states that all Internet retailers will charge the same low price for mass produced goods. The second states that Internet retailers will differentiate to avoid intense price competition. Using data collected in April 1999 on the prices of 107 books in thirteen online and two physical bookstores, we find similar average prices online and in physical stores and substantial price dispersion online. Analysis of product differentiation yields no clear results. The substantial premium charged by Amazon provides indirect evidence of product differentiation. [ABSTRACT FROM AUTHOR]
- Abstract: Copyright of Journal of Industrial Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Abstract:
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