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Consumer uncertainty and price discrimination through online coupons: an empirical study of restaurants in Shanghai

Zhang, Jie; Savage, Scott; Chen, Yongmin - Volkswirtschaftliche Fakultät, … - 2011

We use data from restaurants in Shanghai, China to conduct a new empirical analysis of prices and coupons. Our results … show a positive relationship between prices and online coupons. Moreover, the price premium from couponing is higher for … coupons have an average price that is about 60 percent higher than similar restaurants that do not issue coupons. When …

Persistent link: https://www.econbiz.de/10009367963

Confessions of an Internet Monopolist: Demand Estimation for a Versioned Information Good

Chappell, Henry; Guimaraes, Paulo; Ozturk, Orgul - Volkswirtschaftliche Fakultät, … - 2006

We investigate profit-maximizing versioning plans for an information goods monopolist. The analysis employs data obtained from a web-based field experiment in which potential buyers were offered information goods in varied price-quality configurations. Maximum simulated likelihood (MSL) methods...

Persistent link: https://www.econbiz.de/10005835763

Can Price Discrimination be Bad for Firms and Good for All Consumers? A Theoretical Analysis of Cross-Market Price Constraints with Entry and Product Differentiation

Azar, Ofer H. - Volkswirtschaftliche Fakultät, … - 2002

The article examines a differentiated-products duopoly model where the firms make entry decisions to two markets and then choose prices. The effects of product differentiation and entry costs are analyzed in two games: with and without price discrimination between the markets. Allowing price...

Persistent link: https://www.econbiz.de/10005836325

Price discrimination

Armstrong, Mark - Volkswirtschaftliche Fakultät, … - 2006

This paper surveys recent economic research on price discrimination, both in monopoly and oligopoly markets. Topics include static and dynamic forms of price discrimination, and both final and input markets are considered. Potential antitrust aspects of price discrimination are highlighted...

Persistent link: https://www.econbiz.de/10005836433

Wholesale Price Determination Under the Threat of Demand-Side Substitution

Inderst, Roman; Shaffer, Greg - Volkswirtschaftliche Fakultät, … - 2011

An upstream supplier that is constrained both by downstream competition and the threat of demand-side substitution faces a tradeoff between maximizing joint-profit and extracting surplus. Although joint-profit maximization calls for relatively high marginal wholesale prices in order to dampen...

Persistent link: https://www.econbiz.de/10011260474

Second-degree price discrimination and universal access under (weighted average) price cap regulation

Li Ning, Jorge - Volkswirtschaftliche Fakultät, … - 2009

This paper analyzes the efficiency of the Price Cap regulatory scheme and its impact on universal access, when the monopolist is allowed to set a menu of alternative plans as part of a self-selection strategy (second-degree price discrimination) and the cap is calculated as the weighted average...

Persistent link: https://www.econbiz.de/10009132754

Illustrations of Price Discrimination in Baseball

Daniel, Rascher; Andrew, Schwarz - Volkswirtschaftliche Fakultät, … - 2010

Price discrimination of this nature, focused on differing degrees of quality, bundled goods, volume discounts, and other forms of second-degree price discrimination, is commonplace in MLB. Indeed, it is safe to say that every single MLB ticket is sold under some form of price discrimination. As...

Persistent link: https://www.econbiz.de/10008685559

Bundling revisited: substitute products and inter-firm discounts

Armstrong, Mark - Volkswirtschaftliche Fakultät, … - 2010

This paper extends the standard model of bundling to allow products to be substitutes and for products to be supplied by separate sellers. Whether integrated or separate, firms have an incentive to introduce bundling discounts when demand for the bundle is elastic relative to demand for...

Persistent link: https://www.econbiz.de/10008728071

Timing of investments and third degree price discrimination in intermediate good markets

Li, Youping - Volkswirtschaftliche Fakultät, … - 2011

We study third degree price discrimination in intermediate good markets, in which costs of production for the downstream firms are determined by their investment choices. We focus on the effect of the sequence of firm actions and analyze two models with different timing of investments, before or...

Persistent link: https://www.econbiz.de/10011107933

Search Deterrence

Armstrong, Mark; Zhou, Jidong - Volkswirtschaftliche Fakultät, … - 2013

A seller wishes to prevent the discovery of rival offers by its prospective customers. We study sales techniques which serve this purpose by making it harder for a customer to return to buy later after a search for alternatives. These include making an exploding offer, offering a "buy-now"...

Persistent link: https://www.econbiz.de/10011110164