Price Dispersion and the Costs of Inflation

2021 ◽  
Author(s):  
VOLKER HAHN
Keyword(s):  
Price Dispersion

The Impact of Same versus Different Price Presentation on Travel Choice and the Moderating Role of Childhood Socioeconomic Status

2021 ◽  
pp. 004728752098890
Author(s):  
Marilyn Giroux ◽  
Drew Franklin ◽  
Jungkeun Kim ◽  
Jooyoung Park ◽  
Kyuseop Kwak
Keyword(s):  
Socioeconomic Status ◽  
Life History Theory ◽  
Price Dispersion ◽  
Price Difference ◽  
Product Evaluations ◽  
Relative Preference ◽  
Childhood Socioeconomic Status ◽  
Travel Decisions ◽  
Price Differences ◽  
The Impact

When making travel decisions, consumers are frequently exposed to a multitude of options, including differing price levels for the same product or service across a range of online travel agencies. The current research investigates how the magnitude of price dispersion in online pricing can influence travelers’ product evaluations and purchase intentions. Specifically, we predict that travelers will prefer a hotel with no price dispersion to a hotel with different prices listed when the price difference is small, or narrow. However, when the price difference is more pronounced, or wide, travelers will prefer a hotel with price differences compared to a hotel with no price dispersion. Four experiments demonstrate that this effect is consistent across different contexts and categories. Additionally, based on life history theory, we argue that the relative preference for the same versus different price dispersion will be moderated by the travelers’ childhood socioeconomic status (SES).

International Real Estate Review

2011 ◽  
Vol 14 (3) ◽  
pp. 311-329
Author(s):  
Charles Ka Yui Leung ◽  
◽  
Jun Zhang ◽  
Keyword(s):  
Real Estate ◽  
Trading Volume ◽  
Price Dispersion ◽  
Housing Prices ◽  
Housing Price ◽  
Short Paper ◽  
Future Research ◽  
Positive Correlation ◽  
Time On The Market ◽  
Empirical Regularities

Three striking empirical regularities have been repeatedly reported: the positive correlation between housing prices and trading volume, and between housing price and time-on-the-market (TOM), and the existence of price dispersion. This short paper provides perhaps the first unifying framework which mimics these phenomena in a simple competitive search framework. In the equilibrium, sellers with heterogeneous waiting costs and buyers are endogenously segregated into different submarkets, each with distinct market tightness and prices. With endogenous search efforts, our model also reproduces the well-documented price- volume correlation. Directions for future research are also discussed.

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