1,221
Views
3
CrossRef citations to date
0
Altmetric
Research Articles

Hit and Run or Sit and Wait? Contestability Revisited in a Price-Comparison Site-Mediated Market

&

References

  • Baumol, William J., John C. Panzar, and Robert D. Willig. 1982. Contestable Markets and the Theory of Industry Structure. San Diego: Harcourt Brace Jovanovich.
  • Baye, Michael, and John Morgan. 2001. Information Gatekeepers on the Internet and the Competitiveness of Homogenous Product Markets. American Economic Review 91: 454–474.
  • Baye, Michael, J. Rupert Gatti, Paul Kattuman, and John Morgan. 2007. A Dashboard for On-line Pricing. Californian Management Review 50 (1): 202–216.
  • Baye, Michael, J. Rupert Gatti, Paul Kattuman, and John Morgan. 2009. Clicks, Discontinuities and Firm Demand Online. Journal of Economics and Management Strategy 18 (4): 935–975.
  • Baye, Michael, John Morgan, and Patrick Scholten. 2004. Price Dispersion in the Small and in the Large: Evidence from an Internet Price Comparison Site. Journal of Industrial Economics 52: 463–496.
  • Brynjolffson Eric, Astrid A. Dick, and Michael Smith. 2004. Search and Product Differentiation at an Internet Shopbot. MIT Working Paper #194.
  • Brynjolffson, Eric, and Michael D. Smith. 2000. Frictionless Commerce? A Comparison of Internet and Conventional Retailers. Management Science 46 (4): 563–585.
  • Cairns, Robert D., and Dhanayshar Mahabir. 1988. Contestability: A Revisionist View. Economica 55 (214): 269–276.
  • Clay, Karen, Ramayya Krishnan, and Eric Wolff. 2001. Prices and Price Dispersion on the Web: Evidence from the Online Book Industry. Journal of Industrial Economics 50 (4): 521–540.
  • Cox, David. 1972. Regression models and life-tables (with discussion). Journal of the Royal Statistical Society 34B: 248–275.
  • Doyle, Joseph J., Erich Muehlegger, and Krislert Sampantharak. 2010. Edgeworth Cycles Revisited. Energy Economics 32 (3): 651–660.
  • Dulleck, Uwe, Franz Hackl, B. Weiss, and Rudolf Winter-Ebner. 2008. Buying Online: Sequential Decision-Making by Shopbot Visitors. Working Paper #0810, Department of Economics, Johannes Kepler University of Linz, Austria.
  • Ellison, Glen, and Sara F. Ellison. 2009. Search, Obfuscation and Price Elasticities on the Internet. Econometrica 77 (2): 427–452.
  • Ellison, Sara F., and Christopher Snyder. 2013. An Empirical Study of Pricing Strategies in an On-line Market with High-frequency Price Information. MIT Working Paper. http://economics.mit.edu/files/8854.
  • Farrell, Joseph. 1986a. Moral Hazard as an Entry Barrier. Rand Journal of Economics 17 (3): 440–449.
  • Farrell, Joseph. 1986b. How Effective is Potential Competition? Economics Letters 20 (1): 67–70.
  • Frank, Richard, and David Salkever. 1997. Generic Entry and the Pricing of Pharmaceuticals. Journal of Economics and Management Strategy 6 (1): 75–90.
  • Geroski, Paul. 1995. What Do we Really Know about Entry. International Journal of Industrial Organization 13 (4): 421–440.
  • Ghose, Anindya, and Yuliang “Oliver” Yao. 2007. Goodbye Price Dispersion? New Evidence from Transaction Prices in Electronic Markets. Third Research Symposium on Statistical Challenges in E-commerce Research, University of Connecticut.
  • Haynes, Michelle, and Steve Thompson. 2008. Price, Price Dispersion and Number of Sellers at a Low Entry Cost Shopbot. International Journal of Industrial Organization 26 (2): 459–472.
  • Haynes, Michelle, and Steve Thompson. 2013. Entry and Exit Behaviour in the Absence of Sunk Costs: Evidence from a Price Comparison Site. Review of Industrial Organization 42 (1): 1–23.
  • Heckman, James J. 1978. Dummy Endogenous Variables in a Simultaneous Equation System. Econometrica 46 (4): 931–959.
  • Heckman, James J. 1979. Sample Selection Bias as a Specification Error. Econometrica 47 (1): 153–162.
  • Hurdle, Gloria J., Richard L. Johnson, Andrew S. Joskow, Gregory J. Werden, and Michael A. Williams. 1989. Concentration, Potential Entry and Performance in the Airline Industry. Journal of Industrial Economics 38 (2): 119–140.
  • McCann, Brian T., and Govert Vroom. 2010. Pricing Response to Entry and Agglomeration Effects. Strategic Management Journal 31 (3): 284–305.
  • Morrison, Stephen A., and Clifford Winston. 1987. Empirical Implications and Tests of the Contestability Hypothesis. Journal of Law and Economics 39 (1): 53–66.
  • Nelson, Phillip. 1970. Information and Consumer Behavior. Journal of Political Economy 78 (2): 311–329.
  • Office of Fair Trading. 2007. Economic Literature Review: Internet Shopping: Report Prepared for the Office of Fair Trading, Annex F, OFT921f, London.
  • Rosenthal, Robert. 1980. A Model in Which an Increase in the Number of Sellers Leads to a Higher Price. Econometrica 48 (6): 1575–1580.
  • Shepherd, William G. 1984. Contestability versus Competition. American Economic Review 74 (2): 572–587.
  • Simon, Daniel. 2005. Incumbent Pricing Responses to Entry. Strategic Management Journal 26 (13): 1229–1248.
  • Varian, Hal. 1980. A Model of Sales. American Economic Review 70 (4): 817–830.
  • Vella, Francis, and Marno Verbeek. 1999. Estimating and Interpreting Models with Endogenous Treatment Effects. Journal of Business and Economic Statistics 17 (4): 473–478.
  • Waldfogel, Joel, and Lu Chen. 2006. Does Information Undermine Brand? Information Intermediary Use and Preference for Branded Retailers. Journal of Industrial Economics 54 (4): 425–450.
  • Weitzman, Martin L. 1983. Contestable Markets: An Uprising in the Theory of Industry Structure: A Comment. American Economic Review 73 (2): 486–487.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.