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Price dispersion in Internet sales: data from an online marketplace contradict lab experiments
Высшая школа экономики
,
2019.
No. 219.
This paper considers three hypotheses about the strategic origin of price dispersion in homogeneous product online sales. The first two are the $\varepsilon$-equilibrium and the quantal-response equilibrium (QRE) in a pure Bertrand setting involving the boundedly rational behavior of sellers. The third introduces the share of loyal consumers into the model of competition. These hypotheses were supported by estimations on experimental lab data. We test the hypotheses on a set of real prices for 30 models of household appliances collected from the largest Russian online marketplace Market.Yandex.ru. In contrast to the previously reported experimental data, we found very limited support for any of these explanations. QRE showed the best performance on the data. For most of the products it accurately predicts central tendency, i.e. the mean and the median. However, the shape of the observed price distributions is not explained well by any of the models. These results pose new challenges for theoretical explanations of observed Internet prices.
Bazenkov N., Elena Glamozdina, Maria Kuznetsova et al., Advances in Systems Science and Applications 2023 Vol. 23 No. 1 P. 129-151
We explore how well the models of bounded rationality explain price dispersion observed in Internet price-comparison sites. This paper considers three hypotheses about the strategic origin of price dispersion in homogeneous product online sales. Two of them are εequilibrium and quantal-response equilibrium (QRE) in a pure Bertrand setting, they involve the bounded rationality of sellers. ...
Added: February 17, 2023
Evgeny A. Antipov, / Высшая школа экономики. Series MAN "Management". 2014. No. 19.
Some Internet stores manage to charge prices that are significantly higher than market averages, therefore, obtaining some sort of price premium. This paper is dedicated to building a model that can be used to explain and predict a typical price premium that an Internet store charges for a specific product based on the information about ...
Added: May 14, 2014
Evgeny A. Antipov, Economics Bulletin 2014 Vol. 34 No. 2 P. 892-900
Some Internet stores manage to charge prices that are significantly higher than market averages, therefore, obtaining some sort of price premium. This paper is dedicated to building a model that can be used to explain and predict a typical price premium that an Internet store charges for a specific product based on the information about ...
Added: May 14, 2014
Шавшин Р. К., Sandomirskaia M., / Высшая школа экономики. Series EC "Economics". 2021. No. 248.
We consider a market with two sellers, each having one unit of identical product, who compete for potential buyers with one-unit demand and a private valuation of this product. First, firms simultaneously post their prices. Then buyers observe these prices and choose a seller to submit a request for purchase depending on their private valuation ...
Added: July 6, 2021
Стамалиева А. А., Rebiazina V. A., Daviy A., Вестник Московского университета. Серия 6: Экономика 2020 № 1 С. 104-134
The internet-retailing market is rapidly developing in the recent years, with an increasing number of consumers making online purchases. Growing market competition brings about greater variety of products and brands, growing purchasing power and the possibility to switch to competitors' products in the internet. All these make the research on a consumer journey in the ...
Added: February 5, 2020
Lola I. S., Bakeev M., НИУ ВШЭ, 2021
Информационный обзор отражает текущее состояние цифрового климата российских организаций сферы информационно-технологических услуг (ИТ-организации), занимающихся разработкой цифровых решений в области технологий электронной коммерции и маркетинга. Проанализированы тенденции в итоговой динамике развития за 2020 г. и отражены векторы развития на 2021 г.
Представляется репрезентативная картина деловой конъюнктуры, технологических ориентиров, востребованности различных цифровых решений со стороны заказчиков – ...
Added: May 12, 2021
Panteleeva E., Михайлова Н. И., Маркетинг и маркетинговые исследования 2016 № 6 С. 458-469
Nowadays in Russia as throuthout the world, there has been a significant increase in the number of online stores. It determines the growth of competition in this sphere while customer experience is becoming a new differentiation tool for the online retailers. This paper examines insights of the clients of the largest Russian online retailers. The ...
Added: July 13, 2017
Vinogradov A., Логистика и управление цепями поставок 2019 № 5 С. 3-10
As the e-commerce market develops it has been gradually consolidating. More and more e-marketplaces appear over time. They unite a number of internet-retailers, significant part of which is represented by small and medium enterprises. Active growth of e-marketplaces poses new challenges for the e-commerce logistics. Great number of parties (both consumers and sellers), constantly growing ...
Added: November 20, 2019
Lola I. S., Bakeev M., Manukov A., / Высшая школа экономики. Series WP BRP "Science, Technology and Innovation". 2021. No. 119/STI/2021.
The paper discusses interregional differentiation in the distribution of electronic purchases among the population in Russia. The aim of the work is to find out what factors are primarily responsible for interregional gaps in the level of online channel use in consumer retail purchases. The study focuses on regional drivers and barriers for the spread ...
Added: March 30, 2021
Davydov S. G., Интернет в цифрах 2012 № 4 С. 16-18
В статье рассматриваются методология и основные результаты совместного инициативного проекта Российской ассоциации электронных коммуникаций (РАЭК) и Национального исследовательского университета «Высшая школа экономики» (НИУ ВШЭ) «Экономика Рунета – 2011-2012», направленного на оценку объемов и динамики развития 11 российских онлайн рынков. ...
Added: November 19, 2012
Марина Полякова, Директор информационной службы 2013 № 9 С. 16-20
The role of IT in the development of E-commerce was analized ...
Added: November 17, 2013
Gerami V., Gusev D., Саркисян А. А., Российский журнал менеджмента 2022 Т. 20 № 1 С. 127-144
The aim of the study is to develop an effective approach to formulating and adjusting the return policy of large e-commerce companies in the Russian Federation taking into account the interests of e-commerce and marketplace participants. Research methodology includes modern methods of multi-criterial choice accounting for the preferences of decision makers. The paper provides an ...
Added: August 15, 2022
Daniltsev A. V., Biryukova O. V., Вестник международных организаций: образование, наука, новая экономика 2019 Т. 14 № 1 С. 7-20
International trade is in continuous development which means there must also be responsive developments in the international economic institutions which regulate it. The authors conclude that the initiatives of international organizations in the global regulation of e-commerce are far behind business practices. Despite the dynamic development of the digital economy, international institutions have not yet ...
Added: March 17, 2019
Rebiazina V. A., Sharko E., Berezka S. et al., НИУ ВШЭ, 2021
The purpose of the analytical report is twofold. First, it aims to provide an overview of drivers and barriers to the development of the e-commerce market in Russia. Second, the report answers the question whether the recent growth of the e-commerce market in Russia was due to the COVID-19 pandemic or due to the shift ...
Added: April 25, 2022
Lola I. S., Bakeev M., Electronic Commerce Research 2023 Vol. 23 No. 2 P. 1143-1159
The paper discusses interregional differentiation in the distribution of electronic purchases among the population in Russia. The empirical base of the study is open regional data collected by statistical agencies and authorized government agencies, which were studied using panel regression methods. The aim of the work is to find out what factors are primarily responsible ...
Added: August 26, 2021
Kanaev E., Nguyen Quаng T., Vi Thi Huong H., Вьетнамские исследования 2019 No. 2 (1) P. 35-46
As the digitalization becomes the key factor to raise the competitiveness of companies, as well as of the investment attractiveness of recipient countries, the Socialist Republic of Vietnam (SRV) may find it difficult to benefit from this process. The research question is why Vietnam, in spite of successful efforts to increase its investment attractiveness, may ...
Added: May 4, 2019
Rebiazina V. A., Smirnova M. M., Daviy A., Russian Management Journal 2020 Vol. 18 No. 1 P. 5-28
E-commerce market development depends on the configuration of factors which both enable its further development, but might as well hinder its adoption by consumers. In particular, emerging markets provide numerous opportunities for e-commerce; however, they are also associated with specific barriers, limiting the potential for fully exploiting these opportunities. With an Internet audience of 93 ...
Added: May 19, 2020
Чиркин К. В., Penikas H. I., Privalova E. N., / SSRN. Серия SSRN Working Paper Series "SSRN Working Paper Series". 2013.
Key findings of the research are as follows:
GDP is one of the key determinants of the Internet activity development;
Internet users are not strong supporters of the Windows operating system;
The most curious people live in Australia, and the most sociable – in Asia;
Most of all mobile Internet users live in South America, and the Europeans are ...
Added: January 4, 2014
Agamirova M., Dzagurova N., Экономическая политика 2016 Т. 11 № 6 С. 122-137
The underinvestment in the specific assets due to the «hold up» is one of the key issues in the theory of the firm. Till the very end of the twentieth century discussing the «hold up» problem researchers considered only the so-called «selfish» relation-specific investments. But later their attention was switched to the analysis of another specific ...
Added: February 8, 2017
Springer, 2019
This book constitutes the refereed proceedings of the 4th International Conference on Digital Economy, ICDEc 2019, held in Beirut, Lebanon, in April 2019. The conference was founded in 2016 to discuss innovative research and projects related to the support role of Information System Technologies in the digital transformation process, business innovation and e-commerce.
The 31 papers ...
Added: October 3, 2020
Filosofova T. G., Боголепова Е. Н., Экономика и управление в машиностроении 2022 № 5 С. 46-51
The article considers the main problems of digital transformation. The issues of taxation as an incentive for business development are considered. It is proved that technological progress, the emergence of digital technologies and related new goods and services form new economic relations affect economic processes, lead to changes in the business models of companies, and ...
Added: March 6, 2023
Prokhorova T., Маркетинг в России и за рубежом 2017 № 1 С. 69-77
This paper is devoted to the analysis of customer experience presented in reviews on Russia’s online stores, published on the Internet. Sample from the base of Russia's largest platform for e-commerce –Yandex.Market was used as the data for this study, containing more than 150,000 customer’s reviews. The objective of the study was to analyze customer ...
Added: March 14, 2017
Portanskiy A., Международная экономика 2018 № 2 С. 52-60
The article deals with the results of 11-th Ministerial Conference of the WTO in Buenos Aire held in December 2017. The author highlighted concrete initiatives adopted by several coalitions and their prospects. In conclusions the author pointed in particular to the perspectives of plurilateral format in the multilateral trading system, as well as to actual ...
Added: April 16, 2018
Antipov E. A., Pokryshevskaya E. B., Маркетинг в России и за рубежом 2012 № 2 С. 19-24
В статье на основе данных за 2008 и 2011 гг. анализируется ценовая дисперсия на онлайн-рынках. Приводится краткая теоретическая информация о природе ценовой дисперсии. Вводится хорошо интерпретируемая мера ценовой дисперсии – ценность информации, измеряющая выгоды информированных покупателей (покупателей, которые используют веб-сервисы для сравнения цен и покупают товары по минимальной цене). Проводится эмпирическое тестирование влияния количества продавцов ...
Added: October 4, 2012