The emerging role of electronic marketplaces on the Internet
Communications of the ACM
Reducing buyer search costs: implications for electronic marketplaces
Management Science - Special issue: Frontier research on information systems and economics
Amazon.com Recommendations: Item-to-Item Collaborative Filtering
IEEE Internet Computing
HICSS '99 Proceedings of the Thirty-second Annual Hawaii International Conference on System Sciences-Volume 7 - Volume 7
Should We Expect Less Price Rigidity in the Digital Economy?
HICSS '04 Proceedings of the Proceedings of the 37th Annual Hawaii International Conference on System Sciences (HICSS'04) - Track 7 - Volume 7
Frictionless Commerce? A Comparison of Internet and Conventional Retailers
Management Science
Effect of Electronic Secondary Markets on the Supply Chain
Journal of Management Information Systems
International Journal of Electronic Commerce
Buyers' Choice of Online Search Strategy and Its Managerial Implications
Journal of Management Information Systems
An Economic Analysis of Policies for the Protection and Reuse of Noncopyrightable Database Contents
Journal of Management Information Systems
Image Effects and Rational Inattention in Internet-Based Selling
International Journal of Electronic Commerce
A Hybrid Firm's Pricing Strategy in Electronic Commerce Under Channel Migration
International Journal of Electronic Commerce
Journal of Management Information Systems
Impact of e-book technology: Ownership and market asymmetries in digital transformation
Electronic Commerce Research and Applications
The impact of business-to-business electronic marketplaces: a field study
International Journal of Networking and Virtual Organisations
Do Vendors’ Pricing Decisions Fully Reflect Information in Online Reviews?
ACM Transactions on Management Information Systems (TMIS)
International Journal of E-Business Research
Hi-index | 0.00 |
We explore daily patterns of Internet pricing for the two major retailers, Amazon.com and Barnes and Noble (BN), using data on 377 books collected over a 449-day period in 2003-4. We frame this investigation in terms of a key question: How rigid are prices on the Internet? Are there reasons to suggest that prior predictions of more flexible prices on the Internet may not have been founded on the appropriate theoretical knowledge? We find that Internet retailers, in contrast with traditional firms, adjust prices any day of the week throughout the year. Yet firms' price adjustments for books occur much less frequently than daily--every 90 days on average. For most observers of Internet-based selling, this is surprising, because most expect more frequent price adjustments--based on the quality of technological environment that supports price-setting. In fact, our results show that price-change activity appears to vary by book category, from a high of one change, on average, every 61 days for best sellers to a low of one change every 184 days, on average, for steady sellers. In addition, we learned that individual firms exhibited different patterns for their price changes: Amazon changed book prices every 222 days, whereas BN changed its book prices more frequently, every 56 days on average.