The Dynamics of Local Markets: A Case Study of Cameras

The Dynamics of Local Markets: A Case Study of Cameras Longitudinal data on the availability and prices of two related products in a local market are used to assess the dynamic performance of the markets for these products. Consistent with prior research, a large degree of price dispersion was found for both products. There was some evidence of a modest reduction in price dispersion over time, and of the lowest quality models to “drop out” of the market. Store quality differences and likely search costs did not appear to explain the remaining dispersion. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Consumer Affairs Wiley

The Dynamics of Local Markets: A Case Study of Cameras

Journal of Consumer Affairs, Volume 15 (1) – Jun 1, 1981

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Publisher
Wiley
Copyright
Copyright © 1981 Wiley Subscription Services, Inc., A Wiley Company
ISSN
0022-0078
eISSN
1745-6606
D.O.I.
10.1111/j.1745-6606.1981.tb00690.x
Publisher site
See Article on Publisher Site

Abstract

Longitudinal data on the availability and prices of two related products in a local market are used to assess the dynamic performance of the markets for these products. Consistent with prior research, a large degree of price dispersion was found for both products. There was some evidence of a modest reduction in price dispersion over time, and of the lowest quality models to “drop out” of the market. Store quality differences and likely search costs did not appear to explain the remaining dispersion.

Journal

Journal of Consumer AffairsWiley

Published: Jun 1, 1981

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