Price dispersion across online platforms: evidence from hotel room prices in London (UK)

References

• Arnold, M., C. Li, C. Saliba, and L. Zhang. 2011. “Asymmetric Market Shares, Advertising and Pricing: Equilibrium with an Information Gatekeeper.” The Journal of Industrial Economics 59 (1): 63–84. https://doi.org/10.1111/j.1467-6451.2011.00446.x.
   Web of Science ®Google Scholar
• Arnold, M. A., and C. Saliba. 2011. “Asymmetric Capacity Constraints and Equilibrium Price Dispersion.” Economics Letters 111 (2): 158–160. https://doi.org/10.1016/j.econlet.2011.02.014.
   Web of Science ®Google Scholar
• Arnold, M. A., and L. Zhang. 2014. “The Unique Equilibrium in a Model of Sales with Costly Advertising.” Economics Letters 124 (3): 457–460. https://doi.org/10.1016/j.econlet.2014.07.005.
   Web of Science ®Google Scholar
• Bailey, J. P. 1998. Intermediation and electronic markets: Aggregation and pricing in Internet commerce. Ph.D. dissertation, Massachusetts Institute of Technology.
   Google Scholar
• Baye, M. R., and J. Morgan. 2001. “Information Gatekeepers on the Internet and the Competitiveness of Homogeneous Product Markets.” American Economic Review 91 (3): 454–474. https://doi.org/10.1257/aer.91.3.454.
   Web of Science ®Google Scholar
• Baye, M., J. Morgan, and P. Scholten. 2006. “Information, search and price dispersion.” In Handbook on Economics and InformationSystems, edited by T. Hendershott. Amsterdam: Elsevier Press.
   Google Scholar
• Baye, M. R., J. Morgan, and P. Scholten. 2004. “Price Dispersion in the Small and in the Large: Evidence from an Internet Price Comparison Site.” The Journal of Industrial Economics 52 (4): 463–496. https://doi.org/10.1111/j.0022-1821.2004.00236.x.
   Web of Science ®Google Scholar
• Baye, M. R., J. Morgan, P. Scholten, and D. Jansen. 2006. The New Economy and Beyond Past, Present and Future, 122–143. Edward Elgar.
   Google Scholar
• Baylis, K., and J. M. Perloff. 2002. “Price Dispersion on the Internet: Good Firms and Bad Firms.” Review of Industrial Organization 21 (3): 305–324. https://doi.org/10.1023/A:1020415304514.
   Web of Science ®Google Scholar
• Bodur, H. O., N. M. Klein, and N. Arora. 2015. “Online Price Search: Impact of Price Comparison Sites on Offline Price Evaluations.” Journal of Retailing 91 (1): 125–139. https://doi.org/10.1016/j.jretai.2014.09.003.
   Web of Science ®Google Scholar
• Brynjolfsson, E., and M. D. Smith. 2000. “Frictionless Commerce? A Comparison of Internet and Conventional Retailers.” Management Science 46 (4): 563–585. https://doi.org/10.1287/mnsc.46.4.563.12061.
   Web of Science ®Google Scholar
• Burdett, K., and K. L. Judd. 1983. “Equilibrium Price Dispersion.” Econometrica 51 (4): 955–969. https://doi.org/10.2307/1912045.
   Web of Science ®Google Scholar
• Chakrabarty, D., and L. Kutlu. 2014. “Competition and Price Dispersion in the Airline Markets.” Applied Economics 46 (28): 3421–3436. https://doi.org/10.1080/00036846.2014.931919.
   Web of Science ®Google Scholar
• Chioveanu, I. 2008. “Advertising, Brand Loyalty and Pricing.” Games and Economic Behavior 64 (1): 68–80. https://doi.org/10.1016/j.geb.2007.12.004.
   Web of Science ®Google Scholar
• Choi, B., D. Kim, and H. Chong Cho. 2019. “Price Response, Information, and Asymmetry of Price Dispersion.” Applied Economics 51 (39): 4270–4281. https://doi.org/10.1080/00036846.2019.1591600.
   Web of Science ®Google Scholar
• De Silva, D. G., I. Lee, and S.-C. Lee. 2019. “Explaining Time Variation in Geographic Price Dispersion.” Applied Economics 51 (42): 4629–4641. https://doi.org/10.1080/00036846.2019.1593941.
   Web of Science ®Google Scholar
• Ellison, G., and S. F. Ellison. 2009. “Search, Obfuscation, and Price Elasticities on the Internet.” Econometrica 77 (2): 427–452.
   Web of Science ®Google Scholar
• Ellison, G., and S. F. Ellison. 2018. “Search and Obfuscation in a Technologically Changing Retail Environment: Some Thoughts on Implications and Policy.” Innovation Policy and the Economy 18 (1): 1–25. https://doi.org/10.1086/694405.
   Google Scholar
• Ellison, G., and A. Wolitzky. 2012. “A Search Cost Model of Obfuscation.” The RAND Journal of Economics 43 (3): 417–441. https://doi.org/10.1111/j.1756-2171.2012.00180.x.
   Web of Science ®Google Scholar
• Escobari, D. 2012. “Dynamic Pricing, Advance Sales and Aggregate Demand Learning in Airlines.” The Journal of Industrial Economics 60 (4): 697–724. https://doi.org/10.1111/joie.12004.
   Web of Science ®Google Scholar
• Goldberg, P. K., and F. Verboven. 2005. “Market Integration and Convergence to the Law of One Price: Evidence from the European Car Market.” Journal of International Economics 65 (1): 49–73. https://doi.org/10.1016/j.jinteco.2003.12.002.
   Web of Science ®Google Scholar
• Honka, E., A. Hortaçsu, and W. Matthijs. 2019. “Empirical Search and Consideration Sets.” In Handbook of the Economics of Marketing, edited by D. Jean-Pierre, and E. R. Peter, 193–257. Vol. 1. North Holland: Elsevier.
   Google Scholar
• Möller, M., and M. Watanabe. 2016. “Competition in the Presence of Individual Demand Uncertainty.” The RAND Journal of Economics 47 (2): 273–292. https://doi.org/10.1111/1756-2171.12127.
   Web of Science ®Google Scholar
• Moraga-González, J. L., Z. Sándor, and M. R. Wildenbeest. 2021. “Consumer Search and Prices in the Automobile Market.” The Review of Economic Studies 90 (3): 1394–1440. https://doi.org/10.1093/restud/rdac047.
   Web of Science ®Google Scholar
• Orlov, E. 2011. “How Does the Internet Influence Price Dispersion? Evidence from the Airline Industry.” The Journal of Industrial Economics 59 (1): 21–37. https://doi.org/10.1111/j.1467-6451.2011.00444.x.
   Web of Science ®Google Scholar
• Ronayne, D. 2021. “Price Comparison Websites.” International economic review 62 (3): 1081–1110.
   Web of Science ®Google Scholar
• Rosenthal, R. W. 1980. “A Model in Which an Increase in the Number of Sellers Leads to a Higher Price.” Econometrica 48 (6): 1575–1579. https://doi.org/10.2307/1912828.
   Web of Science ®Google Scholar
• Salop, S., and J. Stiglitz. 1977. “Bargains and Ripoffs: A Model of Monopolistically Competitive Price Dispersion.” The Review of Economic Studies 44 (3): 493–510. https://doi.org/10.2307/2296903.
   Web of Science ®Google Scholar
• Salop, S., and J. E. Stiglitz. 1982. “The Theory of Sales: A Simple Model of Equilibrium Price Dispersion with Identical Agents.” The American Economic Review 72 (5): 1121–1130.
   Web of Science ®Google Scholar
• Sorensen, A. T. 2000. “Equilibrium Price Dispersion in Retail Markets for Prescription Drugs.” Journal of Political Economy 108 (4): 833–850. https://doi.org/10.1086/316103.
   Web of Science ®Google Scholar
• Stigler, G. J. 1961. “The Economics of Information.” Journal of Political Economy 69 (3): 213–225. https://doi.org/10.1086/258464.
   Web of Science ®Google Scholar
• Varian, H. R. 1980. “A model of sales.” The American Economic Review 70 (4): 651–659.
   Web of Science ®Google Scholar
• Xing, X. 2010. “Can Price Dispersion Be Persistent in the Internet Markets?” Applied Economics 42 (15): 1927–1940. https://doi.org/10.1080/00036840701748987.
   Web of Science ®Google Scholar