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Pay what you want as a marketing strategy in monopolistic and competitive markets

Schmidt, Klaus; Spann, Martin; Zeithammer, Robert - 2014

Pay What You Want (PWYW) can be an attractive marketing strategy to price discriminate between fair-minded and selfish customers, to fully penetrate a market without giving away the product for free, and to undercut competitors that use posted prices. We report on laboratory experiments that...

Persistent link: https://www.econbiz.de/10010431266

Demand estimation using managerial responses to automated price recommendations

García, Daniel; Tolvanen, Juha; Wagner, Alexander K. - 2021

We provide a new framework to identify demand elasticities in markets where managers rely on algorithmic recommendations for price setting, and apply it to a dataset containing bookings for a sample of mid-sized hotels in Europe. Using non-binding algorithmic price recommendations and observed...

Persistent link: https://www.econbiz.de/10012534709

Generalized Taylor and generalized calvo price and wage-setting : micro evidence with macro implications

Dixon, Huw; Le Bihan, Hervé - 2010

The Generalized Calvo and the Generalized Taylor model of price and wage-setting are, unlike the standard Calvo and Taylor counter-parts, exactly consistent with the distribution of durations observed in the data. Using price and wage micro-data from a major euro-area economy (France), we...

Persistent link: https://www.econbiz.de/10003984363

Exploiting symmetry in high-dimensional dynamic programming

Kahou, Mahdi Ebrahimi; Fernández-Villaverde, Jesús; … - 2021

We propose a new method for solving high-dimensional dynamic programming problems and recursive competitive equilibria with a large (but finite) number of heterogeneous agents using deep learning. The "curse of dimensionality" is avoided due to four complementary techniques: (1) exploiting...

Persistent link: https://www.econbiz.de/10012581353

Dynamic IC and dynamic programming

Kwon, Suehyun - 2019

This paper develops a dynamic programming method when the one-stage deviation principle in the sense of mechanism design literature doesn’t hold. The commonly used dynamic programming method is valid only if the one-stage deviation principle in the sense of mechanism design literature is...

Persistent link: https://www.econbiz.de/10011987941

Pricing climate risk

Jensen, Svenn; Traeger, Christian - 2021

Anthropogenic greenhouse gas emissions are changing the energy balance of our planet. Various climatic feedbacks make the resulting warming over the next decades and centuries highly uncertain. We quantify how this uncertainty changes the optimal carbon tax in a stochastic dynamic programming...

Persistent link: https://www.econbiz.de/10012597858

Airline fuel usage and carbon emissions : determining factors

Brueckner, Jan K.; Abreu, Chrystyane - 2016

an airline's total fuel usage to seven variables: the available ton miles of capacity (passengers plus freight and mail …) provided by the airline; the average seat capacity of its aircraft, average stage length (flight distance); average load factor … (measured by weight); the average vintage (construction year) of its aircraft; the percentage of the airline's flights that are …

Persistent link: https://www.econbiz.de/10011518130

Internalization of airport congestion : a network analysis

Brueckner, Jan K. - 2002

The likely resurgence of air traffic in the U.S. means that airport congestion is a problem that must soon be confronted by policy makers. As part of their policy response, it is probable that some form of congestion pricing will be imposed at selected U.S. airports in the relatively near...

Persistent link: https://www.econbiz.de/10011410457

The right to benefit : using videos to encourage citizen involvement in resource revenue management

Faesch Brunnschweiler, Christiane; Kurniawan, Nanang Indra - 2024

The governance of natural resource wealth is a key factor in promoting strong institutions and economic development in resource-rich countries. In this paper, we explore how individuals' engagement in local natural resource revenue (NRR) management can be enhanced and encouraged. We focus on...

Persistent link: https://www.econbiz.de/10014452391

"You need to have this information!": using videos to increase demand for accountability on public revenue management

Brunnschweiler, Christa N.; Edjekumhene, Ishmael; … - 2023

How can citizens be motivated to demand accountability in the management of public revenues? We carry out a video survey experiment among 2300 Ghanaian respondents to study the impact of information provision and encouragement messages by a politician and civil society leader on attitudes and...

Persistent link: https://www.econbiz.de/10014443982

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