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market competition. In markets with effective competition, horizontal multiple directorships turn out to be an efficient … firms have no significant influence on financial performance, irrespective of the level of competition intensity …
Persistent link: https://www.econbiz.de/10013024843
An upstream supplier that is constrained both by downstream competition and the threat of demand-side substitution … relatively high marginal wholesale prices in order to dampen intra-brand competition, surplus extraction will be higher when the … supplier instead charges relatively low marginal wholesale prices. The reason is that by inducing more intra-brand competition …
Persistent link: https://www.econbiz.de/10011260474
The concept of inflation perceived by consumers came in the recent debate on inflation since it may affect consumer behaviour even if the perception was completely wrong. A misperception of inflation occurs particularly when households tend to label incorrectly inflation what really is a...
Persistent link: https://www.econbiz.de/10009421999
Persistent link: https://www.econbiz.de/10009647384
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 restaurants about which consumer values appear to be...
Persistent link: https://www.econbiz.de/10009367963
We consider a Hotelling model of price competition where firms may acquire costly information regarding the preferences …
Persistent link: https://www.econbiz.de/10008596374
the innate substitutability of products, which can relax competition between firms and induce an integrated firm to lower …
Persistent link: https://www.econbiz.de/10008728071
This paper develops a general two-period model of product line pricing with customer recognition. Specifically, we consider a monopolist who can sell vertically differentiated products over two periods to heterogeneous consumers. Each consumer demands one unit of the product in each period. In...
Persistent link: https://www.econbiz.de/10005787211
A common sales tactic is for a seller to encourage a potential customer to make her purchase decision quickly. We consider a market with sequential consumer search in which firms often encourage first-time visitors to buy immediately, either by making an "exploding offer" (which permits no...
Persistent link: https://www.econbiz.de/10008565120
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