This is the latest version of this eprint.
Gorodnichenko, Y. and Talavera, O. orcid.org/0000-0002-4799-778X (2017) Price Setting in Online Markets: Basic Facts, International Comparisons, and Cross-Border Integration. American Economic Review, 107 (1). pp. 249-282. ISSN 0002-8282
Abstract
We document basic facts about prices in online markets in the United States and Canada, which is a rapidly growing segment of the retail sector. Relative to prices in regular stores, prices in online markets are more flexible and exhibit stronger pass-through (60-75 percent) and faster convergence (half-life less than two months) in response to movements of the nominal exchange rate. Multiple margins of adjustment are active in the process of responding to nominal exchange rate shocks. Properties of goods, sellers, and markets are systematically related to pass-through and the speed of price adjustment for international price differentials.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2017 American Economic Association. This is an author produced version of a paper subsequently published in American Economic Review. Uploaded in accordance with the publisher's self-archiving policy. |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Management School (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 09 Mar 2017 16:35 |
Last Modified: | 01 Jul 2017 11:55 |
Published Version: | https://doi.org/10.1257/aer.20141127 |
Status: | Published |
Publisher: | American Economic Association |
Refereed: | Yes |
Identification Number: | 10.1257/aer.20141127 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:97545 |
Available Versions of this Item
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Price Setting in Online Markets: Basic Facts, International Comparisons, and Cross-Border Integration. (deposited 10 Mar 2016 12:46)
- Price Setting in Online Markets: Basic Facts, International Comparisons, and Cross-Border Integration. (deposited 09 Mar 2017 16:35) [Currently Displayed]