Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry

By Jeffrey R. Brown, Austan Goolsbee. Journal of Political Economy, 2002

923 citations recorded by the source corpus.

Subfields: Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/e460326870b3049c9ac5b809158f59c682cfa94d

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Citations in the corpus

On the Depth and Dynamics of Online Search Behavior (2004, methodology): “An important exception to this pattern is provided by Brown and Goolsbee (2001) who argue that price dispersion first increases, then decreases, along with prices as a result of online comparisons for life insurance These mixed results lead to another interesting question: How much do people…”
Information, Search, and Price Dispersion (2006, background): “One important example is Brown and Goolsbee (2002).”
Immigration and Prices (2007, background): “For example, Brown and Goolsbee (2002) show that the rapid di¤usion of the Internet which facilitates cheap and fast price comparisons across stores lead to lower prices, as predicted by search models.”
Price Dispersion in the Small and in the Large: Evidence from an Internet Price Comparison Site (2004, result): “Viewed in this context, our results compliment recent work by Brown and Goolsbee [2002], who provide convincing evidence that the emergence of the Internet led to sharp declines in insurance premiums during the 1990s.”
GETTING PRICES RIGHT: THE IMPACT OF THE MARKET INFORMATION SERVICE IN UGANDA (2009, background): “There is an extensive literature on the effects of increased market information due to information technology diffusion in rich countries, e.g., Baye and Morgan (2001), Baye, Morgan, and Scholten (2004), Brown and Goolsbee (2002) and Ellison and Ellison (2005).”
Referral Infomediaries (2002, background): “Other papers have also empirically investigated the impact of the Internet on prices and on market behavior (Brown and Goolsbee 2000, Brynjolfsson and Smith 2000) and have shown that while the Internet does lead to lower average online prices, it does not lead to fully frictionless market implying…”
Using price distributions to estimate search costs (2006, background): “Furthermore, we maintain the assumption that all firms offer 2 Also see Brown and Goolsbee (2002) and Scott-Morton, Zettelmeyer, and Silva-Risso (2001) for studies of how the Internet has reduced transactions costs (part of which are price search costs) for insurance and automobiles.”