More Amazon Effects: Online Competition and Pricing Behaviors

This paper was prepared for the 2018 Jackson Hole Economic Policy Symposium. I thank Yuriy Gorodnichenko for his discussion and other symposium participants for their comments. I also thank Manuel Bertolotto, Augusto Ospital, Caroline Coughlin, Mike Brodin, Cesar Sosa, and the team at PriceStats for their help with the data, and Paula Meloni and Maria Fazzolari from the Billion Prices Project for providing excellent research assistance. Financial Disclosure: I am a co-founder and shareholder of PriceStats LLC, a private company that provided some of the proprietary data used in this paper without any requirements to review of the findings prior to their release. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.