Intermediation and electronic markets: aggregation and pricing in internet commerce
DSpace@MIT (Massachusetts Institute of Technology)Published 1 January 1998Open access
Joseph P. Bailey
Citations272
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TL;DR
The thesis shows that Internet commerce may not reduce market friction because prices are higher when consumers buy homogeneous products on the Internet, and price dispersion for homogenous products among Internet retailers is greater than the price dispersive among physical retailers.
Abstract
Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Electrical Engineering and Computer Science, 1998.
Keywords
Business, Management and AccountingEngineering
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