Price dispersion, information value and market efficiency in electronic markets: A comprehensive analytical framework

Author

Lin, Xudong ; Ma, Lijun ; Gao, Shuhui

Author_Institution

Sch. of Manage., Shenzhen Univ., Shenzhen, China

fYear

2011

fDate

25-27 June 2011

Firstpage

1

Lastpage

6

Abstract

In this paper, we incorporate the proxies about price dispersion, information value and market efficiency in electronic markets into the same analytical framework for research, examine the explaining strength of existing literature on electronic markets form different perspectives. Based on that, we point out that price dispersion phenomena in electronic markets result from comprehensive effects of many factors. In the final, we outline the future directions for research, that is, in order to probe into the theories about price dispersion, measure of information and market efficiency in electronic markets, an comprehensive theory analytical framework that integrates those aspects influencing the price should be suggest through the introduction of price-comparison shopping diffusion model.

Keywords

electronic commerce; pricing; electronic markets; information value; market efficiency; price dispersion phenomena; price-comparison shopping diffusion model; Consumer electronics; Dispersion; Games; Instruments; Internet; Pricing; Resource management; electronic markets; information value; market efficiency; price dispersion; theory framework;

fLanguage

English

Publisher

ieee

Conference_Titel

Service Systems and Service Management (ICSSSM), 2011 8th International Conference on

Conference_Location

Tianjin

ISSN

2161-1890

Print_ISBN

978-1-61284-310-0

Type

conf

DOI

10.1109/ICSSSM.2011.5959530

Filename

5959530