Price Comparison Sites May Result in Higher Prices

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    The Economist had an interesting article in the July 11th issue on the hidden cost of price comparison websites (see “Free exchange: Costly comparison“). In theory, such sites should lower prices. When you have perfect knowledge of the prices multiple vendors charge for the same product, all vendors should race to the bottom. That’s why you can search [...] This post was originally published on Travel Codex.

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