across mediums and movements. Finally, we show that measures of high-income consumer confidence and art market sentiment …This paper investigates the price determinants and investment performance of art. We apply a hedonic regression … resulting price index, we conclude that art has appreciated in value by a moderate 3.97% per year, in real U.S. dollar terms …

market heterogeneous in its preference for quality and offers a quality level that maximizes its profit. We also allow for …

individual consumer valuations are uncertain ex ante, the market size is uncertain to the firm. The firm may either commit to a … characteristics of the market; specifically, we identify conditions under which quick response increases profit (when prices are …

challenges in making optimal pricing and production decisions. Such firms are confronted with precipitous trade-off between high … sales volume and high margins, because of the highly uncertain market demand, strategic consumer behavior, and the display … of conspicuous consumption. In this paper, we propose a model that addresses pricing and production decisions for a firm …

importance/informativeness of each attribute. We discuss optimal pricing, the impact of consumer search on profits and social …

actual upgrade decision, they are more likely to revert to modular upgrades. Finally, we discuss and test several pricing and …

, and the greater price flexibility from these discounts does not necessarily reduce profits relative to simple unit pricing …