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Quality Externalities among Hotel Establishments: What is the Impact of Tour Operators

Calveras, Aleix; Vera-Hernandez, Marcos - EconWPA - 2003

This paper is about quality decisions in a vertical structure where competitive producers sell to powerful retailers. Specifically, we focus the analysis on the role played by a tour operator on quality investments when distributing the capacity of a given tourist destination. We emphasize the...

Persistent link: https://www.econbiz.de/10005134461

Bundling Models in Retail Banking Sector /in Slovakia/

Fusek, Peter - EconWPA - 2004

bundles generate a strong competition advantage in such a though competition market with easy- copied products as retail …

Persistent link: https://www.econbiz.de/10005134983

Shattering the Myth of Costless Price Changes: Emerging Perspectives on Dynamic Pricing

Bergen, Mark; Ritson, Mark; Dutta, Shantanu; Levy, Daniel; … - EconWPA - 2005

In this paper we argue that pricing is all about price changes, and that the costs of price changes are often simultaneously subtle and substantial. We discuss a framework to deal with the dynamics of changing prices. This framework incorporates customer interpretations of price changes, an...

Persistent link: https://www.econbiz.de/10005556152

Evolution as Learning Yields Hyperbolic Discounting

Woods, James - EconWPA - 2003

decrease, known as hyperbolic discounting, is consistent with what is observed in psychology studies, while the limiting case …, exponential discounting, is consistent with market level observations. This model closes the gap between individual and market … level observations of discounting behavior without explicitly assuming the two kinds of discounting nor relying on …

Persistent link: https://www.econbiz.de/10005125641

Acturial Adjustment Aspects of Public Pension Schemes

Galuscak, Kamil - EconWPA - 2001

.S. pension scheme, that discounting plays a crucial role, since the formula for the present discounted value of future retirement … at least 25% greater than it is in the case when discounting is neglected. Moreover when accouting for risk aversion …

Persistent link: https://www.econbiz.de/10005408311

Price Competition and Product Differentiation when Goods have Network Effects

CONRAD, Klaus - EconWPA - 2005

environmental awareness, product innovation under network effects, and price competition whereby environmentally friendly products …

Persistent link: https://www.econbiz.de/10005412974

Is Perfect Price Discrimination Really Efficient? An Analysis of Free Entry Equilibria

Bhaskar, V.; To, Ted - EconWPA - 2000

We analyze models of product differentiation with perfect price discrimination and free entry. Although perfect price discrimination ensures efficient output decisions given product characteristics, coordination failures may prevent efficiency in the choice of product characteristics. More...

Persistent link: https://www.econbiz.de/10005076900

Eliciting Demand Information through Cheap Talk: An Argument in Favor of Price Regulations

Frisell, Lars; Lagerlof, Johan N.M. - EconWPA - 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/10005412896

Recent Developments in the Economics of Price Discrimination

Armstrong, Mark - EconWPA - 2005

unless the firm cannot commit to its pricing policy. With competition, the effects of price discrimination on profit …

Persistent link: https://www.econbiz.de/10005412953

The Australian black coal industry

Commission, Productivity - EconWPA - 2001

On 9 July 1997 the Treasurer referred the international competitiveness of the Australian black coal industry to the Commission for inquiry and report within 12 months. The Commission is to identify ways of improving the international competitiveness of the Australian black coal industry which...

Persistent link: https://www.econbiz.de/10005556130