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derive expressions for prices and production quantities as functions of the number of entrants at each tier of a multitier …
Persistent link: https://www.econbiz.de/10009204324
are grouped into homogenous sectors (nodes) that contain identical firms with identical production capabilities that all … produce its product, and these inputs are supplied by different sectors. The production process within any sector is taken to … product is assumed to be linear, as are production costs in all sectors. Competition is modeled via a Ücoordinated successive …
Persistent link: https://www.econbiz.de/10009197945
-post pricing before production postponement reengineering. While more postponement increases firm value, it is counterintuitive … firms make three decisions: capacity investment, production (inventory) quantity, and price. Typically, investments are made … investment decision of the firm and its value. In contrast to production postponement, price postponement makes the investment …
Persistent link: https://www.econbiz.de/10009198232
It is commonly believed that piracy of information goods leads to lower profits, which translate to lower incentives to invest in innovation and eventually to lower-quality products. Manufacturers, policy makers, and researchers all claim that inadequate piracy enforcement efforts translate to...
Persistent link: https://www.econbiz.de/10010990428
We address the value of quick response production practices when selling to a forward-looking consumer population with … single production run at a low unit cost prior to learning demand, or commit to a quick response strategy that allows … additional production after learning additional demand information. We find that the value of quick response is generally lower …
Persistent link: https://www.econbiz.de/10010990465
challenges in making optimal pricing and production decisions. Such firms are confronted with precipitous trade-off between high … of conspicuous consumption. In this paper, we propose a model that addresses pricing and production decisions for a firm … an expensive production location/supplier or using expensive raw materials. <i>This paper was accepted by Preyas Desai …
Persistent link: https://www.econbiz.de/10010990501
importance/informativeness of each attribute. We discuss optimal pricing, the impact of consumer search on profits and social …
Persistent link: https://www.econbiz.de/10010990569
actual upgrade decision, they are more likely to revert to modular upgrades. Finally, we discuss and test several pricing and …
Persistent link: https://www.econbiz.de/10010990570
Motivated by applications in financial services, we consider a seller who offers prices sequentially to a stream of potential customers, observing either success or failure in each sales attempt. The parameters of the underlying demand model are initially unknown, so each price decision involves...
Persistent link: https://www.econbiz.de/10010990574
, and the greater price flexibility from these discounts does not necessarily reduce profits relative to simple unit pricing …
Persistent link: https://www.econbiz.de/10010990592