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Competitive Screening under Heterogeneous Information
Garrett, Daniel; Gomes, Renato; Maestri, Lucas - C.E.P.R. Discussion Papers - 2014
We study competition in price-quality menus when consumers privately know their valuation for quality (type), and are … intensity, from perfect competition to monopoly. …
Persistent link: https://www.econbiz.de/10011084418
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Competing with Network Externalities and Price Discrimination
Jullien, Bruno - C.E.P.R. Discussion Papers - 2001
This Paper examines competition between a dominant network and a challenging network with third-degree or perfect price … competition and reduces average equilibrium prices. Because bandwagon effects are due to the incompatibility of networks, under … incentives to unilaterally degrade the quality for some targeted group of consumers in order to weaken competition. …
Persistent link: https://www.econbiz.de/10005661635
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Payment Evasion
Buehler, Stefan; Halbheer, Daniel; Lechner, Michael - C.E.P.R. Discussion Papers - 2015
This paper models payment evasion as a source of profit by letting the firm choose the purchase price and the fine imposed on detected payment evaders. For a given price and fine, the consumers purchase, evade payment, or choose the outside option. We show that payment evasion leads to a form of...
Persistent link: https://www.econbiz.de/10011276378
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Market Dominance and Behaviour-Based Pricing under Horizontal and Vertical Differentiation
Gehrig, Thomas; Shy, Oz; Stenbacka, Rune - C.E.P.R. Discussion Papers - 2007
We evaluate behaviour-based price discrimination from an antitrust perspective by focusing on an industry with inherited market dominance. Under horizontal differentiation behaviour-based pricing does not by itself lead to persistence of dominance unless the dominant firm is protected by...
Persistent link: https://www.econbiz.de/10005123558
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Price Discrimination in the Concert Industry
Courty, Pascal; Pagliero, Mario - C.E.P.R. Discussion Papers - 2009
Concert tickets can either be sold at a single price or at different prices to reflect the various levels of seating categories available. Here we consider how two product characteristics (the artist’s age and venue capacity) influence the likelihood that pop music concert tickets will be sold...
Persistent link: https://www.econbiz.de/10005123683
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Advance-Purchase Discounts as a Price Discrimination Device
Nocke, Volker; Peitz, Martin - C.E.P.R. Discussion Papers - 2008
In an intertemporal setting in which individual uncertainty is resolved over time, advance-purchase discounts can serve to price discriminate between consumers with different expected valuations for the same product. Consumers with a high expected valuation purchase the product before learning...
Persistent link: https://www.econbiz.de/10005123763
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Eliciting Demand Information through Cheap Talk: An Argument in Favour of Price Regulations
Frisell, Lars; Lagerlöf, Johan N. M. - C.E.P.R. Discussion Papers - 2005
A firm must decide whether to launch a new product. A launch implies considerable fixed costs, so the firm would like to assess downstream demand before it decides. We study under which conditions a potential buyer would be willing to reveal his willingness to pay under different pricing...
Persistent link: https://www.econbiz.de/10005124138
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Pricing to Firm: An Analysis of Firm- and Product-Level Import Prices
Halpern, László; Koren, Miklós - C.E.P.R. Discussion Papers - 2004
We use Hungarian Customs data on product-level imports and exports of manufacturing firms to document that the import price of a particular product varies substantially across buying firms. Importantly, we can relate the level of import prices to firm characteristics such as size, foreign...
Persistent link: https://www.econbiz.de/10005136738
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Rules versus Discretion in Loan Rate Setting
Cerqueiro, Geraldo; Degryse, Hans; Ongena, Steven - C.E.P.R. Discussion Papers - 2007
We propose a heteroscedastic regression model to identify the determinants of the dispersion in interest rates on loans granted to small and medium sized enterprises. We interpret unexplained deviations as evidence of the banks’ discretionary use of market power in the loan rate setting...
Persistent link: https://www.econbiz.de/10005067359
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Why do Pre-tax Car Prices Differ so Much Across European Countries?
Flam, Harry; Nordström, Håkan - C.E.P.R. Discussion Papers - 1995
The European car market is segmented by regulatory measures that support price discrimination by manufacturers and make consumer arbitrage difficult and costly. In a sample covering 43 models making up 80% of car sales in 11 countries in 1989-92, we find that the average standard deviation of...
Persistent link: https://www.econbiz.de/10005067533