Narrow search
Showing 1 - 10 of 7,270
Cover Image
A Dynamic Model of Price Discrimination and Inventory Management at the Fulton Fish Market
Graddy, Kathryn - 2009
We estimate a dynamic profit-maximization model of a fish wholesaler who can observe consumer characteristics, set individual prices, and thus engage in third-degree price discrimination. Simulated prices and quantities from the model exhibit the key features observed in a set of high quality...
Persistent link: https://www.econbiz.de/10012463630
Cover Image
Spatial Price Discrimination with Heterogeneous Firms
Vogel, Jonathan - 2009
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
Cover Image
Evaluating Welfare with Nonlinear Prices
Reiss, Peter C. - 2006
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
Cover Image
Consumer Information and Price Discrimination : Does the Internet Affect the Pricing of New Cars to Women and Minorities?
Morton, Fiona Scott - 2001
Mediating transactions through the Internet removes important cues that salespeople can use to assess a consumer's willingness to pay. We analyze whether dealers' difficulty in identifying consumer characteristics on the Internet and consumers' ease in finding information affects equilibrium...
Persistent link: https://www.econbiz.de/10012470047
Cover Image
Best Prices : Price Discrimination and Consumer Substitution
Chevalier, Judith A. - 2014
We propose a method for aggregating prices when retailers use periodic sales to price-discriminate amongst heterogeneous customers. To do so, we introduce a model in which Loyal customers buy one brand and do not strategically time purchases, while Bargain Hunters always pay the lowest price...
Persistent link: https://www.econbiz.de/10012457898
Cover Image
Sticky Prices, Coordination and Collusion
Driscoll, John C. - 1999
New Keynesian models of price setting under monopolistic competition involve two kinds of inefficiency: the price level is too high because firms ignore an aggregate demand externality, and when there are costs of changing prices, price stickiness may be an equilibrium response to changes in...
Persistent link: https://www.econbiz.de/10012471622
Cover Image
Price Cutting and Business Stealing in Imperfect Cartels
Bernheim, B. Douglas - 2014
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
Cover Image
The Welfare Effects of Dynamic Pricing : Evidence from Airline Markets
Williams, Kevin R. - National Bureau of Economic Research - 2021
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
Cover Image
Quality and Price Setting of High-Tech Goods
Gorodnichenko, Yuriy; Talavera, Oleksandr; Nam Hoai Vu - National Bureau of Economic Research - 2021
This paper investigates the link between product quality and price setting for central processing units (CPUs). Using thousands of price quotes from a popular price-comparison website, we find that market fundamentals, such as the number of sellers, median price, share of convenient prices and...
Persistent link: https://www.econbiz.de/10012482608
Cover Image
Bundling Among Rivals : A Case of Pharmaceutical Cocktails
Lucarelli, Claudio - 2010
competitive equilibrium arises with cocktail products because firms can internalize partially the externality their pricing …
Persistent link: https://www.econbiz.de/10012462336