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- W3201010716 abstract "The perceived objective of price comparison sites is to aggregate price quotes from several firms. They are expected to reduce consumers’ search costs and lead to more competitive markets. In this paper, I examine the difference in the prices consumers pay on comparison sites relative to traditional shopping methods. Using a unique data set, a mortgage firm’s pricing strategies on Lendingtree.com, a price comparison site, and in traditional markets are examined. The results indicate that lendingtree.com and traditional consumers pay the same price on average. The presumed benefits from lower search cost on lendingtree.com do not result in lower mortgage prices." @default.
- W3201010716 created "2021-09-27" @default.
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- W3201010716 date "2016-01-01" @default.
- W3201010716 modified "2023-09-24" @default.
- W3201010716 title "Competition in Online Markets: When Banks Compete, Do Consumers Really Win?" @default.
- W3201010716 hasPublicationYear "2016" @default.
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