Is intertemporal price discrimination the cause of price dispersion in markets with low search costs?

Figures & data

Table 1. Cluster characteristics and transition matrix results

			Cluster sizes					Cluster rank characteristics			Monthly transition matrix characteristics
Category	Product	Mean CoV*	Cluster 1	Cluster 2	Cluster 3	Cluster 4	Cluster 5	Total days sold	Frequency of shifts between clusters	Average days within a cluster	Average diagonal	Expected value diagonal
Cellphones	Apple iPhone 5 s 16GB	0.72	13	24	13			787	29	26	0.43	0.33
Consoles	Sony PlayStation 4 Pro 1TB	0.54	8	5				544	6	78	0.85	0.50
Headphones	Bose QuietComfort 35	1.46	16	10	62	5		1623	14	108	0.67	0.25
Laptops	Apple MacBook Pro	0.62	8	6	11	6	3	719	31	22	0.44	0.20
Mobile Speakers	Sonos Play:1	1.44	6	21				1231	4	246	0.72	0.50
Nintendo 3DS	Pokémon Sun	0.29	4	4	6			728	3	182	0.58	0.33
Nintendo Wii U	tLoZ: BotW	0.28	7	1	7			422	6	60	0.78	0.33
PC	Battlefield 1	1.28	2	8	4	3		422	4	84	0.61	0.25
PlayStation 3	Grand Theft Auto V	0.64	8	5	3			1274	13	91	0.52	0.33
PlayStation 4	FIFA 17	0.26	8	13	2			301	16	18	0.59	0.33
Tablets	nVidia Shield Tablet K1	0.83	9	13	6			638	13	46	0.52	0.33
TV	Samsung UE55KS7005	1.02	6	1	1	1	1	270	13	19	0.59	0.20
Xbox 360	Grand Theft Auto V	0.66	6	3				1274	9	127	0.79	0.50
Xbox One	Grand Theft Auto V	0.34	9	4				483	7	60	0.81	0.50

*Coefficient of Variation.