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experiment, we generate promotional benefits endogenously. We show that PWYW monopolizes the follow-up market but fails to be …
Persistent link: https://www.econbiz.de/10011591510
(somewhere between the endogenous oligopoly and monopoly prices). While oligopolies benefit consumers regardless of whether …
Persistent link: https://www.econbiz.de/10010498486
(somewhere between the endogenous oligopoly and monopoly prices). While oligopolies benefit consumers regardless of whether … Preiswettbewerb mit monopolistischen Märkten und Märkten, auf denen Preise exogen festgelegt werden (in einer Range zwischen endogenen … endogen ergeben, mindert Preiswettbewerb die Effizienz, da die Konsumenten der Reputation der Verkäufer hinsichtlich der …
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We introduce consumers with intrinsic privacy preferences into the monopolistic non-linear pricing model. Next to classical consumers, there is a share of data-sensitive consumers who incur a privacy cost if their purchase reveals information to the monopolist. The monopolist discriminates...
Persistent link: https://www.econbiz.de/10013191335
I analyze a model of directed search in which a consumer inspects a finite number of products sharing attributes with each others. The consumer discovers her valuation for the attributes of the inspected products and adapts her search strategy based on what she has learned. The consumer...
Persistent link: https://www.econbiz.de/10014566747
We propose a novel, multilaterally consistent productivity approach-based indicator to assess the international price competitiveness of 57 industrialized and emerging economies. It is designed to be a useful assessment tool for monetary policy authorities and, thereby, differs from previously...
Persistent link: https://www.econbiz.de/10010373688
This paper considers a market in which only the incumbent's quality is publicly known. The entrant's quality is observed by the incumbent and some fraction of informed consumers. This leads to price signalling rivalry between the duopolists, because the incumbent gains and the entrant loses when...
Persistent link: https://www.econbiz.de/10009404774
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