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The current overview of bundling theory is combined with author's experiences of its practical application into several step-by-step guidelines. These models consist of the whole process of the construction and performance appraisal of product bundles in retail banking sector and show how the...
Persistent link: https://www.econbiz.de/10005134983
Some items in a household’s market basket, notably durable goods, are purchased only occasionally. In contrast, standard price measures implicitly assume that consumers purchase some amount of every available good in every period. The occasional purchase of an existing good by a new buyer...
Persistent link: https://www.econbiz.de/10005134529
We study certain classes of supermodular and submodular games which are symmetric with respect to material payoffs but in which not all players seek to maximize their material payoffs. Specifically, a subset of players have negatively interdependent preferences and care not only about their own...
Persistent link: https://www.econbiz.de/10005407587
A standard assumption in the economic approach to individual decision making is that people have independent preferences, that is, they care only about their absolute (material) payoffs. We study equilibria of the classic common pool resource extraction and public good games when some of the...
Persistent link: https://www.econbiz.de/10005118564
” in their pricing processes. This builds on some of the recent economic work on the costs of price adjustment. To do this … enhance the effectiveness of the pricing processes within their firms. We discovered at least three distinct types of … investments that managers at these firms made to price more effectively, which we term as the three capitals of pricing - human …
Persistent link: https://www.econbiz.de/10005076823
This paper develops a model of pricing and advertising in a matching environment with capacity constrained sellers …
Persistent link: https://www.econbiz.de/10005076903
We show that returns policies do increase manufacturer profitability by attenuating price competition between retailers. This effect holds only in the presence of end-user demand uncertainty. The conditions under which a returns policy raises the manufacturer's profit are weaker when retailing...
Persistent link: https://www.econbiz.de/10005134512
This note shows that, with pre-set price and capital decisions of firms facing uncertainty and financial market imperfections, price, mark up and the expected degree of capacity utilization (resp. capital) decreases (resp. increases) with the firm internal net worth.
Persistent link: https://www.econbiz.de/10005134898
competition. Where firms have some market power, as in the market for information goods, we expect discriminatory pricing to … well as economic efficiency, and may emerge as the principal pricing method for a large number of goods and services. …
Persistent link: https://www.econbiz.de/10005134996
how this responsive pricing puts control of network service back where it belongs: with the users. …
Persistent link: https://www.econbiz.de/10005135089