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A Study of Online Price Dispersion in the Digital Camera Market: Evidence from a US and UK Price Comparison Site (2007)

Ref: fin0003

16,000 words – 60 pages
Excellent use of literature
In depth analysis
Outstanding piece of work
Essential reading for any finance / accounting student

The failure of the ‘law of one price” has not only been widely observed in traditional high street markets but recent evidence also highlights its total breakdown in online markets as well.   In the early days of the Internet era, many had expectations about the possibilities of e-commerce; increased market transparency, lower barriers to entry, lower transaction costs and increased market efficiency.  Some even held the extreme view that eventually this would lead to a perfectly competitive market, allowing Bertrand competition to exist whereby the law of one price prevails.  Such a market will allow the study of other phenomena without the assumptions relating to perfect competition.



1. Introduction


2. Literature Review


3. Methodology
Hypotheses Exlpained
Models used

4. Results


5. Conclusions


6. Bibliograpghy


7. Appendices

 


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