StudentShare solutions
Got a tricky question? Receive an answer from students like you! Try us!

Essay example - How the Internet Lowers Prices

Only on StudentShare
Book Reports
Pages 5 (1255 words)
The article "How the Internet Lowers Prices: Evidence from Matched Survey and Auto Transaction Data" by Zettelmeyer, Scott Morton and Silva-Risso (2005) is intended to the issues why, how and in what extent Internet helps consumers to reduce retail prices in such established industry as auto retailing…

Extract of sample

(Zettelmeyer, Scott Morton and Silva-Risso, 2005, p.2)
The question posed by the authors is how using the Internet lowers retail car prices. A number of activities are involved in process of car purchase: information search, dealer selection, price negotiation and others. The authors investigate in what extent use of Internet in these activities helps consumers to reduce car retail price.
Research is made based on transaction data on 1,500 car purchases in California and responses to a survey which asked buyers detailed questions about their Internet usage, their attitudes towards information search and bargaining, and their demographics. (Zettelmeyer, Scott Morton and Silva-Risso, 2005, p.3) Authors use direct measures of search behavior and consumer characteristics; car price, or Price, is dependent variable. Standard hedonic regression of Price's logarithm is used for modeling:
where the X matrix is composed of car and transaction variables: car model, month, and region fixed effects, car costs, and controls for time of purchase and whether the car was traded in. The D matrix contains demographic and census characteristics of buyers: gender, age, education, income, race, house ownership, median house value and type of occupation. The S matrix contains survey responses that indicate the search behavior and Internet use of a buyer. ...
Download paper
Not exactly what you need?

Related papers

How do you, in the 21st Century, respond to Shakespeares dramatization of Cleopatra?
I believe Shakespeare’s dramatization of Cleopatra does not step to far away from the actual person and leader she was. However, Shakespeare seems to have placed a much larger emphases on her love life; more so than what probably took place in reality. As a matter of fact, Shakespeare presented her to the theatrical audience as more in-depth and humanistic than any other character in the play,…
6 pages (1506 words)
Crimes Against Nature: How George W. Bush and His Corporate Pals Are Plundering the Country and Hijacking Our Democracy by R.F.K. Jr. Book Report/Review
At every step of the way, Kennedy demonstrates Bush's disregard for the government, as he appointed cronies eager to get their hand in the cookie jar of corruption and greed. Kennedy makes the case that in the end our national security is at risk, our people are less safe, and the laws that were put in place to protect Americans have been set back decades by Bush's corruption and greed.…
10 pages (2510 words)
How much responsibility for the tragic results in Romeo and Juliet should be attributed to the friar and the nurse and fate
She agreed to carry Juliet's message to Romeo when he was in Mantua. So, she was the directing hand of fate - her actions were partially resulted in the tragic outcome. She even persuaded Juliet to choose Paris saying that "I think you are as happy in this second match,/ For it excels your first: or if it did not,/ Your first is dead; or 'twere as good he were" (III. 5.). The Nurse loved Juliet…
2 pages (502 words)
How Emily Griersons Father Influenced Her Life
Mr. Grierson was a member of one of the oldest families in Jefferson, an aristocratic man and authoritative father, who, like Emily, is afraid of losing the one person left who is close to him. Mr. Grierson is a member of the same generation of Colonel Sartoris, of whom it is said "only a man of Colonel Sartoris' generation and thought could have invented (the tale to protect Miss Emily from ever…
5 pages (1255 words)
Darrell Huff's How to Lie With Statistics
Huff then explicates how the reader can see through the smoke and to get to what really lies behind the mirror.…
6 pages (1506 words)
Crimes Against Nature: How George W. Bush and His Corporate Pals Are Plundering the Country and Hijacking Our Democracy by R.F.K. Jr.
In the arena of U.S environmentalist activism the author is a quite recognized name. Despite environmental issues are becoming subjects of great worry for the scientists, environmental scholars and common people but the Bush government has not shown any special attention to those issues. The Bush presidency has only been concerned about expanding the corporate effectiveness and capitalist…
10 pages (2510 words)