image of the institutions of undergraduate education, are presented, by highlighting the importance of the advertising push …

The paper focuses on efficiency under monopoly. Contrary to common wisdom, nine examples given in the paper show that a … Pareto-efficient output in monopoly is possible under both linear and nonlinear pricing. Pareto efficiency can be achieved … conditions; different pricing strategies; and different degree of consumer heterogeneity, in general, monopoly per se is not the …

This paper develops a model of pricing and advertising in a matching environment with capacity constrained sellers …. Sellers' expenditure on directly informative advertising attracts consumers only probabilistically. Consumers who happen to … maximizing advertising levels are derived and their properties analyzed, including the interplay of prices and advertising with …

A simple Ising spin model which can describe the mechanism of advertising in a duopoly market is proposed. In contrast … via standard Monte Carlo simulations that very simple rules and inclusion of an external field - an advertising campaign …