TY - JOUR
T1 - How rigid are prices in E-commerce? An analysis of daily price change activity in internet retailing
AU - Bergen, Mark
AU - Kauffman, Robert J.
AU - Lee, Dongwon
PY - 2005/11/10
Y1 - 2005/11/10
N2 - We explore daily patterns of Internet pricing for the two major Internet retailers, Amazon.com and BarnesandNoble.com, using data on 377 books collected over a 449-day period in 2003-2004. We frame this investigation in terms of a key question: How rigid are prices on the Internet? Internet retailers, in contrast with traditional firms, adjust prices any day of the week throughout the year; firms' price adjustments for books occur less frequently than daily - every 90 days on average; price change activity varies by book category, from a high of one change on average every 61 days for bestsellers to a low of one change every 184 days on average for steadysellers; and, Amazon changes prices less frequently than BN. The former changes book prices every 222 days and the latter every 56 days on average.
AB - We explore daily patterns of Internet pricing for the two major Internet retailers, Amazon.com and BarnesandNoble.com, using data on 377 books collected over a 449-day period in 2003-2004. We frame this investigation in terms of a key question: How rigid are prices on the Internet? Internet retailers, in contrast with traditional firms, adjust prices any day of the week throughout the year; firms' price adjustments for books occur less frequently than daily - every 90 days on average; price change activity varies by book category, from a high of one change on average every 61 days for bestsellers to a low of one change every 184 days on average for steadysellers; and, Amazon changes prices less frequently than BN. The former changes book prices every 222 days and the latter every 56 days on average.
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M3 - Conference article
AN - SCOPUS:27544446632
SN - 1530-1605
JO - Proceedings of the Annual Hawaii International Conference on System Sciences
JF - Proceedings of the Annual Hawaii International Conference on System Sciences
T2 - 38th Annual Hawaii International Conference on System Sciences
Y2 - 3 January 2005 through 6 January 2005
ER -