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Market integration in Nordic online retail markets: Do cross-border transaction costs still matter?
Dalarna University, School of Information and Engineering, Microdata Analysis.ORCID iD: 0000-0003-2317-9157
Dalarna University, School of Information and Engineering, Microdata Analysis.ORCID iD: 0000-0002-4240-5626
Institute of Retail Economics, Stockholm.ORCID iD: 0000-0002-0171-1897
2023 (English)Report (Other academic)
Abstract [en]

If online retail markets are integrated, in that cost shocks in one country also affect pricing in other countries, asymmetric shocks to any one country in the region will spill over to neighboring countries as well. Using web-scraped productlevel prices from a group of retail firms selling identical products in at least two of the four Nordic markets under study, we investigate if national markets are segmented at the borders. Contrary to previous studies, we use differences in product characteristics to divide the data into products that are easily transported across borders and those that are not. At the extreme end of the transportability spectrum, we investigate market integration for four types of games for computers or game consoles that are delivered via downloads, where the cross-border transaction costs should be close to zero. Our results show that markets for product categories where cross-border transaction costs are high are also segmented at the border, while markets for product categories that can easily be traded andtransported between countries are not. We find an even higher level of market integration for games delivered via downloads than for the same games sold through traditional channels. As such, cross-border transaction costs still matter for market segmentation, but only for the sub-set of products where such costs are high. 

Place, publisher, year, edition, pages
Stockholm: Institute of Retail Economics , 2023.
Series
HFI Working Paper ; 35
Keywords [en]
Amazon effects, international price dispersion, cross-border retailing, exchange rate pass-through
National Category
Economics
Identifiers
URN: urn:nbn:se:du-48665OAI: oai:DiVA.org:du-48665DiVA, id: diva2:1866048
Funder
Swedish Retail and Wholesale Development CouncilAvailable from: 2024-06-05 Created: 2024-06-05 Last updated: 2024-06-10Bibliographically approved

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http://hfi.se/wp-content/uploads/2023/11/HFI-WP-No-35.pdf

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Carling, KennethLindgren, CharlieRudholm, Niklas

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • chicago-author-date
  • chicago-note-bibliography
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf