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demand distribution parameters. It provides and compares several methods that use the sequence of past prices and observed …
Persistent link: https://www.econbiz.de/10012025378
Understanding how consumers respond to price increases is key when designing price-related policies. Using microdata on vehicle usage and paid fuel prices, I analyze consumers' response, focusing on three channels of mitigation: distance driven, fuel efficiency, and search. On average, consumers...
Persistent link: https://www.econbiz.de/10014504852
demand curves: the demand for the print medium and the demand for advertising space. Publicly available data on German women … coincide well with those of industry sources, magazines with a high circulation elasticity of advertising demand price markedly … below marginal cost and website provision neither has a significant effect on magazine nor on advertising demand. Keywords …
Persistent link: https://www.econbiz.de/10013428493
We examine the relation between consumer search and equilibrium prices when collusion is endogenously determined. We develop a theoretical model and show that average price is a U-shaped function of the measure of searchers: prices are highest when there are no searchers (local monopoly power)...
Persistent link: https://www.econbiz.de/10012007152
predominantly on the supply side (costs) or on the demand side (captive audiences). Thirdly, we allow firms to choose production … serves the shoppers. We connect the distinctive asymmetric pattern of innovations to demand-side asymmetries and the shape of …
Persistent link: https://www.econbiz.de/10014493905
Combining a theoretical model of imperfect information with empirical evidence, we show how the effect of providing price information to consumers depends on how well informed they are beforehand. Theoretically, an increase in consumer information decreases prices more, the fewer ex ante...
Persistent link: https://www.econbiz.de/10014495802
The effect of variety on consumer choice has been studied extensively, with some stream of literature showing the positive effects on choice and others arguing that too many alternatives may result in negative consequences (i.e., choice deferral or no purchase at all), often referred to as...
Persistent link: https://www.econbiz.de/10014481041
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