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- W2115948289 abstract "Despite the interest in measuring price sensitivity of online consumers, most academic work on Internet commerce is hindered by a lack of data on quantity. In this paper we use publicly available data on the sales ranks of about 20,000 books to derive quantity proxies at the two leading online booksellers. Matching this information to prices, we can directly estimate the elasticities of demand facing both merchants as well as create a price index for online books. The results show significant price sensitivity at both merchants but demand at Barnes and Noble is much more price-elastic than is demand at Amazon. The data also allow us to estimate the magnitude of bias in the CPI due to the rise of Internet sales." @default.
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- W2115948289 date "2002-07-01" @default.
- W2115948289 modified "2023-10-05" @default.
- W2115948289 title "Measuring Prices and Price Competition Online: Amazon and Barnes and Noble" @default.
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- W2115948289 doi "https://doi.org/10.3386/w9085" @default.
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