Abstract/Details

Understanding consumers' online information retrieval and search: Implications for firm strategies


2010 2010

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Abstract (summary)

The growth of the Internet and other digitization technologies has enabled the unbundling of the physical and information components of the value chain and has led to an explosion of information made available to consumers. Understanding the implications of this new informational landscape for theory and practice is one of the key objectives of my research. My dissertation seeks to understand how firms can use their knowledge of online consumer search and information seeking behaviors to design optimal information provision strategies. The main premise is that consumers’ online search behaviors are key to understanding consumers’ underlying information needs and preferences. In my first essay I specifically focus on big-ticket, high-involvement goods for which firms essentially have sparse information on their potential buyers – making information reflected in consumers' online search very valuable to online retailers. I use a new and rich source of clickstream data obtained from a leading clicks-and-mortar retailer to model consumers' purchase outcomes as a function of the product and price information provided by the retailer, and find interesting differences for sessions belonging to customers classified as browsers, directed shoppers and deliberating researchers. Since consumers typically straddle online as well as traditional channels, the second essay in my dissertation examines how online information acquired by consumers affects their choices in offline used-good markets. Secondary markets characterized by information asymmetries have typically resorted to quality-signaling mechanisms such as certification to help reduce the associated frictions. However, the value of traditional quality signals to consumers depends crucially on the extent of the asymmetries in these markets. The online information available to consumers today may help bridge such asymmetries. Drawing upon a unique and extensive dataset of over 12,000 consumers who purchased used vehicles, I examine the impact of their information acquisition from online intermediaries on their choice of (reliance on) one such quality signal - certification, as well as the price paid. These findings will help firms to better understand how the provision of different types of online information impacts consumers' choices and outcomes, and therefore help them in designing better and targeted strategies to interact with consumers.

Indexing (details)


Subject
Management;
Mass communications;
Information science
Classification
0454: Management
0708: Mass communications
0723: Information science
Identifier / keyword
Communication and the arts; Social sciences; Clickstream; Cross-channel; Econometrics; Information search; Online information; Secondary markets
Title
Understanding consumers' online information retrieval and search: Implications for firm strategies
Author
Ramachandran, Vandana
Number of pages
153
Publication year
2010
Degree date
2010
School code
0117
Source
DAI-A 71/12, Dissertation Abstracts International
Place of publication
Ann Arbor
Country of publication
United States
ISBN
9781124270135
Advisor
Viswanathan, Siva; Lucas, Hank
Committee member
Agarwal, Ritu; Prucha, Ingmar; Zhang, Jie
University/institution
University of Maryland, College Park
Department
Business and Management: Decision & Information Technologies
University location
United States -- Maryland
Degree
Ph.D.
Source type
Dissertations & Theses
Language
English
Document type
Dissertation/Thesis
Dissertation/thesis number
3426391
ProQuest document ID
762212478
Copyright
Database copyright ProQuest LLC; ProQuest does not claim copyright in the individual underlying works.
Document URL
http://search.proquest.com/docview/762212478
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