Konferenzbeitrag
Price setting in online markets: Basic facts, international comparisons, and cross-border integration
We document basic facts about prices in online markets in the U.S. and Canada, a rapidly growing segment of the retail sector. Relative to prices in regular stores, prices in online markets are more flexible as well as exhibit stronger pass-through (60-75 percent) and faster convergence (half-life less than 2 months) in response to movements of the nominal exchange rate. Multiple margins of adjustment (frequency of price changes, direction of price changes, size of price changes, exit of sellers) are active in the process of responding to nominal exchange rate shocks. Furthermore, we use the richness of our dataset to show that degree of competition, stickiness of prices, synchronization of price changes, reputation of sellers, and returns to search effort are important determinants of pass-through and speed of price adjustment for international price differentials.
- Sprache
-
Englisch
- Erschienen in
-
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2015: Ökonomische Entwicklung - Theorie und Politik - Session: Microdata on price setting ; No. G01-V1
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
Open Economy Macroeconomics
Macroeconomic Aspects of International Trade and Finance: General
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Talavera, Oleksandr
Gorodnichenko, Yuriy
- Ereignis
-
Veröffentlichung
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Konferenzbeitrag
Beteiligte
- Talavera, Oleksandr
- Gorodnichenko, Yuriy
Entstanden
- 2015
Ähnliche Objekte (12)
Cross-border mergers & acquisitions: the facts as a guide for international economics
Cross-border vocational training as processes of cross-border learning
Cross-border hybrid instruments
Cross-Border Loss Deductibility
Cross-border security over tangibles
Cross-border security over receivables
Cross-border trade in services
Cross-border credit derivatives linkages
Agglomeration and cross-border infrastructure
Cross-Border European Funding Opportunities
"Cross-border Defamation" auf Wikipedia
European border cities as cross-border cooperation engines
Cross-border mergers & acquisitions: the facts as a guide for international economics
Cross-border vocational training as processes of cross-border learning
Cross-border hybrid instruments
Cross-Border Loss Deductibility
Cross-border security over tangibles
Cross-border security over receivables
Cross-border trade in services
Cross-border credit derivatives linkages
Agglomeration and cross-border infrastructure
Cross-Border European Funding Opportunities
"Cross-border Defamation" auf Wikipedia
European border cities as cross-border cooperation engines
Cross-border mergers & acquisitions: the facts as a guide for international economics
Cross-border vocational training as processes of cross-border learning
Cross-border hybrid instruments
Cross-Border Loss Deductibility
Cross-border security over tangibles
Cross-border security over receivables
Cross-border trade in services
Cross-border credit derivatives linkages
Agglomeration and cross-border infrastructure
Cross-Border European Funding Opportunities
"Cross-border Defamation" auf Wikipedia