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inconsistent with dynamic theories of pricing that predict lower prices and coupons after periods of low demand, and find little …
Persistent link: https://www.econbiz.de/10012471875
In this paper we present and solve a three-stage game of entry, location, and pricing in a spatial price discrimination …
Persistent link: https://www.econbiz.de/10012463671
We illuminate the relationship between optimal firm pricing and optimal trade policy by exploring a generalized model …, because firms play an important preemptive role in optimally pricing unique varieties. We contrast this with standard …
Persistent link: https://www.econbiz.de/10012465524
settings, such as devising optimal pricing strategies for firms, assessing how price discrimination affects consumers, and … range of modern pricing practices, including menus of pricing plans. This analysis yields a simpler and more general …
Persistent link: https://www.econbiz.de/10012466295
This paper studies the effect of nonlinear pricing on markups and misallocation. We develop a general equilibrium model … of firms that are allowed to set a quantity-dependent pricing schedule--contrary to the typical assumption in … macroeconomic models. Without the restriction to linear pricing, markup heterogeneity is no longer a sign of misallocation. Larger …
Persistent link: https://www.econbiz.de/10015145095
it is detected. We propose a theory of "equilibrium price cutting and business stealing" in cartels to bridge this gap … between theory and observation …
Persistent link: https://www.econbiz.de/10012458671
We document the degree of price dispersion and the similarities as well as differences in pricing and promotion …
Persistent link: https://www.econbiz.de/10012480251
dynamic airline pricing accounting for both sources of price adjustments using novel flight-level data. I use the model … estimates to evaluate the welfare effects of dynamic airline pricing. Relative to uniform pricing, dynamic pricing benefits … early-arriving, leisure consumers at the expense of late-arriving, business travelers. Although dynamic pricing ensures seat …
Persistent link: https://www.econbiz.de/10012599279
competitive equilibrium arises with cocktail products because firms can internalize partially the externality their pricing …
Persistent link: https://www.econbiz.de/10012462336
I study the positive relationship between prices of tradable goods and per-capita income. I develop a highly tractable general equilibrium model of international trade with heterogeneous firms and non-homothetic consumer preferences that positively links prices of tradables to consumer income....
Persistent link: https://www.econbiz.de/10012462422