Search and Product Differentiation at an Internet Shopbot
Price dispersion among commodity goods is typically attributed to consumer search costs. We explore the magnitude of consumer search costs using a data set obtained from a major Internet shopbot. For the median consumer, the benefits to searching lower screens are $2.24 while the cost of an exhausti...
Main Authors: | Brynjolfsson, Erik, Dick, Astrid Andrea, Smith, Michael D. |
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Format: | Working Paper |
Language: | en_US |
Published: |
2004
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Subjects: | |
Online Access: | http://hdl.handle.net/1721.1/5046 |
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