Showing 1 - 10 of 120
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
We show that returns policies do increase manufacturer profitability by attenuating price competition between retailers … returns policies serve both to dampen competition and resolve demand uncertainty. …
Persistent link: https://www.econbiz.de/10005134512
determined. Generally, customer acquisition is deterministic while pricing is randomized. The equilibrium outcome depends on the … timing of customer acquisition relative to pricing. If sellers acquire customers before setting prices, the unique …
Persistent link: https://www.econbiz.de/10005412976
In this paper we argue that pricing is all about price changes, and that the costs of price changes are often … future pricing processes, and an understanding of the role that supply chains play in price change strategy. The framework … processes should be invested in to improve pricing effectiveness in the future. …
Persistent link: https://www.econbiz.de/10005556152
This paper reports experimental evidence on behaviour in an Ultimatum Game where responders have low structural information and feedback so that they have to learn the nature of the game during repeated play. The results lend support to the view that certain learning conditions are less...
Persistent link: https://www.econbiz.de/10005125583
Persistent link: https://www.econbiz.de/10005125648
The widespread ennoblement of the Spanish bourgeoisie in the sixteenth century has been traditionally considered one of the main causes of Iberian decline. I document and quantify the surge in ennoblement through a new time series of nobility cases preserved in the Archive of the Royal Chancery...
Persistent link: https://www.econbiz.de/10005125846
This note is mainly based on a short interview with Thomas C. Schelling (TCS), who shared the Nobel Prize with Robert J. Aumann in 2005. The interview took place on 06.03.2001 at University of Maryland, College Park, USA. It consists of two parts. The first part is about his interpretation of...
Persistent link: https://www.econbiz.de/10005126069
We characterize the outcomes of games when players may make binding offers of strategy contingent side payments before the game is played. This does not always lead to efficient outcomes, despite complete information and costless contracting. The characterizations are illustrated in a series of...
Persistent link: https://www.econbiz.de/10005134969
In economics, adjustment of behavior has traditionally been treated as a "black box." Recent approaches that focus on learning behavior try to model, test, and simulate specific adjustment mechanisms in specific environments (mostly in games). Results often critically depend on distinctive...
Persistent link: https://www.econbiz.de/10005135048