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  1. E-commerce and price setting
    evidence from Europe
    Author: Strasser, Georg; Wieland, Elisabeth; Macias, Paweł; Błażejowska, Aneta; Szafranek, Karol; Wittekopf, David; Franke, Jörn; Henkel, Lukas; Osbat, Chiara
    Published: [2023]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    E-commerce has become more prevalent throughout Europe in the last decade. The coronavirus (COVID-19) pandemic accelerated this trend, particularly in the retail sector. This paper focuses on the implications of increasing business-to-consumer... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Inter-library loan:
    Unlimited inter-library loan, copies and loan

     

    E-commerce has become more prevalent throughout Europe in the last decade. The coronavirus (COVID-19) pandemic accelerated this trend, particularly in the retail sector. This paper focuses on the implications of increasing business-to-consumer ecommerce for prices and inflation in the euro area. It highlights three key results. First, whether online prices and inflation are higher or lower than their offline counterparts depends on the distribution model, the sector and the country. Moreover, properly selected online prices track official inflation indices even in real time. Second, the effect of e-commerce on inflation appears to be transient and differs between countries. However, as the penetration of some markets is still low, these transitory effects will likely persist at the euro area level for several years. Third, online prices change more frequently than offline prices. This might lead to greater price flexibility overall as online trade gains market share in a growing number of sectors.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289961493
    Other identifier:
    hdl: 10419/278586
    Series: Occasional paper series / European Central Bank ; no 320
    Subjects: e-commerce; price rigidity; inflation; consumer prices; microdata
    Scope: 1 Online-Ressource (53 Seiten), Illustrationen
  2. E-commerce and price setting
    evidence from Europe
    Author: Strasser, Georg; Wieland, Elisabeth; Macias, Paweł; Błażejowska, Aneta; Szafranek, Karol; Wittekopf, David; Franke, Jörn; Henkel, Lukas; Osbat, Chiara
    Published: [2023]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    E-commerce has become more prevalent throughout Europe in the last decade. The coronavirus (COVID-19) pandemic accelerated this trend, particularly in the retail sector. This paper focuses on the implications of increasing business-to-consumer... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 535
    Inter-library loan:
    No inter-library loan

     

    E-commerce has become more prevalent throughout Europe in the last decade. The coronavirus (COVID-19) pandemic accelerated this trend, particularly in the retail sector. This paper focuses on the implications of increasing business-to-consumer ecommerce for prices and inflation in the euro area. It highlights three key results. First, whether online prices and inflation are higher or lower than their offline counterparts depends on the distribution model, the sector and the country. Moreover, properly selected online prices track official inflation indices even in real time. Second, the effect of e-commerce on inflation appears to be transient and differs between countries. However, as the penetration of some markets is still low, these transitory effects will likely persist at the euro area level for several years. Third, online prices change more frequently than offline prices. This might lead to greater price flexibility overall as online trade gains market share in a growing number of sectors.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289961493
    Other identifier:
    hdl: 10419/278586
    Series: Occasional paper series / European Central Bank ; no 320
    Subjects: e-commerce; price rigidity; inflation; consumer prices; microdata
    Scope: 1 Online-Ressource (53 Seiten), Illustrationen