Price Dispersion for the Monopoly Board Game Online
The board game Monopoly serves as a clear example of persistent price differences in online retail, even for standardized products. Despite being a single, identical item, a May 2022 survey by the price comparison site BoardGamePrices found that UK online retailers were selling it at prices ranging from £20.59 to £37.20, including shipping. This wide variation demonstrates that the ease of online price comparison does not necessarily lead to uniform pricing, a phenomenon largely attributed to consumers not being perfectly sensitive to price differences. [1]
[1] Glenn Ellison and Sara Fisher Ellison. 2005. ‘Lessons About Markets from the Internet’. Journal of Economic Perspectives 19 (2) (June): pp. 139–158.
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Introduction to Microeconomics Course
CORE Econ
Ch.8 Supply and demand: Markets with many buyers and sellers - The Economy 2.0 Microeconomics @ CORE Econ
The Economy 2.0 Microeconomics @ CORE Econ
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