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Alpert et al. ′s (1993) study on the relationship between objective product quality and price is both interesting and important. It continues the tradition of “borrowing” relevant theories from other disciplines to explicate problems faced in marketing. However, some issues raised...
Persistent link: https://www.econbiz.de/10014849115
Among the various factors determining the successful operation of an industry, one of the most crucial factors is its pricing strategy. A correct pricing strategy will help in rational allocation of scarce resources and capital formation, which is crucial for the future growth of industries. It...
Persistent link: https://www.econbiz.de/10009352445
This paper investigates the relevance of traditional trade-exchange rate theorems for developing countries facing sunk entry costs in international markets. Firstly, the theorems analysing pricing of tradable goods and the trade balance dynamics following exchange rate shocks are accounted for....
Persistent link: https://www.econbiz.de/10009352446
distortive advertising. Buyers read advertising, screen for quality of each good, choose prices optimally and provide a numeraire …
Persistent link: https://www.econbiz.de/10009352466
Purpose – The aim of the paper is to examine alternative methods of regulating prices and/or profits of privatised … economics of regulation literature has favoured the use of a price cap over rate of return or cost of service regulation because …
Persistent link: https://www.econbiz.de/10014798824
. Further, that the economics profession is well advised to reject the perfectly competitive model, and instead embrace one of …
Persistent link: https://www.econbiz.de/10014805986
Postulates that politicians and economists again seem to believe in Say’s “law of markets” ( la loi des “débouchés” ). Discusses this law and its applicability in the present. States that supply does not always create the right amount of demand. Say’s law has its flaws because of...
Persistent link: https://www.econbiz.de/10014806053
Department of Agriculture (USDA), Federal Reserve Bank land value surveys, and transaction prices. The purpose of this paper is …/methodology/approach – In addition to Oklahoma transaction prices, two survey sources are considered: the USDA annual report and the quarterly … sources are highly correlated, but transaction prices tend to be higher, especially for irrigated cropland and ranchland. USDA …
Persistent link: https://www.econbiz.de/10014667136
Purpose – The paper aims to adopt the hedonic price approach to quantify the brand equity of information and communication technology (ICT) products, narrowed down to laptop computers, laser printers, liquid crystal display computer screens, and mobile phones. Design/methodology/approach –...
Persistent link: https://www.econbiz.de/10014674210
Purpose – The purpose of this present paper is to analyse the influence prices have on consumers' purchase decisions …. Specifically, three aspects related to this variable are considered: formation of reference prices, effects of price variances on …) which complements the information provided by the former. Findings – The results confirm the use of reference prices by …
Persistent link: https://www.econbiz.de/10014674630