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's pricing behavior. In doing so, we are also able to test whether the observed data are consistent with some of the commonly … used assumptions regarding retailer pricing behavior. For the demand specification we use a random coefficients logit model … several forms of manufacturer-retailer interactions to identify retailer pricing behavior most consistent with the data. Our …
Persistent link: https://www.econbiz.de/10009208652
This paper tests the notion of whether high preference for store brands leads to higher store loyalty. Our work differs from the earlier empirical evidence on this issue in how we define and measure the two key constructs: store-brand loyalty and store loyalty. To measure store-brand preference,...
Persistent link: https://www.econbiz.de/10009209087
This paper highlights the rationale for exclusive territories in a model of repeated interaction between competing supply chains. We show that with observable contracts exclusive territories have two countervailing effects on manufacturers' incentives to sustain tacit collusion. First, granting...
Persistent link: https://www.econbiz.de/10009213986
timing of the pricing and production decisions in a two-stage game between the monopolist and buyers. Our results have … implications for firms' choice of price-discovery mechanisms in e-markets, and for the scheduling of production and pricing …
Persistent link: https://www.econbiz.de/10009203789
We consider a general model of monopoly price discrimination and characterize the conditions under which price discrimination is and is not profitable. We show that an important condition for profitable price discrimination is that the percentage change in surplus (i.e., consumers' total...
Persistent link: https://www.econbiz.de/10009203819
We consider the interrelated problems of (1) quoting a due date to each customer arriving to a production system modeled as a single-server queue and (2) sequencing customer orders once they are in the system. We allow several different classes of customers, each with different preferences for...
Persistent link: https://www.econbiz.de/10009203861
Name-your-own-price (NYOP) retailers, such as Priceline, offer an alternative distribution channel for service providers in the travel industry such as airlines, hotels, and car rental companies. Our research employs an analytical model to identify and understand key trade-offs driving the...
Persistent link: https://www.econbiz.de/10009203901
This paper presents a model for analyzing the impact of joint decision policies on channel coordination in a system consisting of a supplier and a group of homogeneous buyers. The joint decision policy characterized by the unit selling price and the order quantity is coordinated through quantity...
Persistent link: https://www.econbiz.de/10009203913
We generalize Narasimhan's (Narasimhan, Chakravarthi. 1988. Competitive promotional strategies. J. Bus. 61(4) 427--449.) model of retail promotion to include multiple products and general demand functions. Doing so allows us to further characterize optimal promotion strategies. We find that...
Persistent link: https://www.econbiz.de/10009203924
This note is an extension of "A Mathematical Model for Price Promotions" (Kinberg, Rao and Shakun [Kinberg, Yoram, Ambar G. Rao, Melvin F. Shakun. 1974. A mathematical model for price promotions. Management Sci. 20 948--959.]). That paper derived the revenue maximizing deal value for a firm in a...
Persistent link: https://www.econbiz.de/10009204115