The Proceedings of the Information Systems Education Conference 2005: §2552
|Fri, Oct 7, 2:30 - 2:55, Senate B Paper (refereed)
|Recommended Citation: Wolf, J R. The Effects of Search Costs on Prices and Price Dispersion: A Web-based Classroom Game. In The Proceedings of the Information Systems Education Conference 2005, v 22 (Columbus OH): §2552. ISSN: 1542-7382.
The Effects of Search Costs on Prices and Price Dispersion: A Web-based Classroom Game
Information Systems students often have difficulty understanding the market forces behind Internet prices. This paper describes a web-based classroom game used to demonstrate the effects of reduced search costs on price levels and price dispersion as well as the possible benefits to both buyers and sellers. The game is available for free and does not require any specialized hardware or software; all that is needed is a computer connected to the internet running a standard browser. The game takes less than 20 minutes and students may participate simultaneously or separately.
Keywords: classroom game, game, search costs, information systems economics
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