Price levels and price dispersion within and across multiple retailer types: Further evidence and extension |
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Authors: | Fabio Ancarani Venkatesh Shankar |
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Institution: | (1) University of Maryland at College Park, College Park, USA |
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Abstract: | In this article, the authors develop hypotheses on how prices and price dispersion compare among pure-play Internet, bricks-and-mortar
(traditional), and bricks-and-clicks (multichannel) retailers and test them through an empirical analysis of data on the book
and compact disc categories in Italy during 2002. Their results, based on an analysis of 13,720 prkce quotes, show that when
posted prices are considered, traditional retailers have the highest prices, followed by multichannel retailers, and pure-play
e-tailers, in that order. However, when shipping costs are included, multichannel retailers have the highest prices, followed
by pure-play e-tailers and traditional retailers, in that order. With regard to price dispersion, pure-play e-tailers have
the highest range of prices, but the lowest standard deviation. Multichannel retailers have the highest standard deviation
in prices with or without shipping costs. These findings suggest that online markets offer opportunities for retailers to
differentiate within and across the retailer types.
SDA Bocconi Graduate School of Management
Fabio Ancarani (fabio.ancarani@sdabocconi.it) is an assistant professor of marketing at SDA Bocconi University’s School of Management, Milan,
Italy. He has been a visiting scholar at the Robert H. Smith School of Business, University of Maryland at College Park. His
teaching and research interests are related to marketing strategies in the digital economy. His research has been published
in journals such as the theJournal of Interactive Marketing and theEuropean Management Journal.
Venkatesh Shankar (vshankar@rhsmith.umd.edu) is a Ralph J. Tyser Fellow and an associate professor of marketing in the Robert H. Smith School
of Business at the University of Maryland at College Park. His areas of reseach are e-business, competitive strategy, international
marketing, pricing, new product management, and supply chain management. His research has been published or is forthcoming
in theJournal of Marketing Research, Marketing Science, theJournal of Marketing, Strategic Management Journal, theJournal of Retailing, theInternational Journal of Research in Marketing, theJournal of Public Policy and Marketing, andMarketing Letters. He is co-editor of theJournal of Interactive Marketing; associate editor ofManagement Science; and serves on the editorial boards ofMarketing Science, theJournal of Marketing, theInternational Journal of Research in Marketing, theJournal of Retailing, and theJournal of the Academy of Marketing Science. He is a three-time winner of the Krowe Award for Outstanding Teaching and teaches Marketing Management, Digital Business
Strategy, Competitive Marketing Strategy, and International Marketing (http://www.venkyshankar.com). |
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Keywords: | pricing digital economy e-commerce information economics Internet marketing |
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