Narrow search
Showing 1 - 10 of 188
Cover Image
The Impatient Salesperson and the Delegation of Pricing Authority
Lazear, Edward - National Bureau of Economic Research (NBER) - 2014
does an owner. Owners are therefore reluctant to delegate pricing authority to sales agents even when the agents have … superior market information. Pricing authority is more likely to be delegated to agents when the owner lacks monopoly power and … sells competitively and when the good is a non-durable. Agents who are given pricing authority are less likely to be paid …
Persistent link: https://www.econbiz.de/10010950934
Cover Image
The Morphology of Price Dispersion
Kaplan, Greg; Menzio, Guido - National Bureau of Economic Research (NBER) - 2014
This paper is a study of the shape and structure of the distribution of prices at which an identical good is sold in a given market and time period. We find that the typical price distribution is symmetric and leptokurtic, with a standard deviation between 19% and 36%. Only 10% of the variance...
Persistent link: https://www.econbiz.de/10010950974
Cover Image
Could a Website Really Have Doomed the Health Exchanges? Multiple Equilibria, Initial Conditions and the Construction of the Fine
Smetters, Kent; Scheuer, Florian - National Bureau of Economic Research (NBER) - 2014
empirical support. Strategic pricing eliminates Pareto dominated equilibria but requires common knowledge of preference and risk … experiment with strategic pricing if market fundamentals are not perfectly known, increasing the chance of reaching the good …
Persistent link: https://www.econbiz.de/10010951225
Cover Image
Pricing in International Markets: Lessons From The Economist
Ghosh, Atish; Wolf, Holger C. - National Bureau of Economic Research (NBER) - 1994
order to protect market share. We show that standard tests of such pricing to market fail to discriminate against the … findings are consistent with menu cost driven pricing behavior. …
Persistent link: https://www.econbiz.de/10005248683
Cover Image
The Role of Commitment in Dynamic Contracts: Evidence from Life Insurance
Lizzeri, Alessandro; Hendel, Igal - National Bureau of Economic Research (NBER) - 2000
We look at the life insurance industry to study the properties of long term contracts in a world where consumers cannot commit to a contract. The main issue is how contracts are designed to deal with classification risk. We present a model that captures the main features of this industry. The...
Persistent link: https://www.econbiz.de/10005248795
Cover Image
Empirical Implications of Equilibrium Bidding in First-Price, Symmetric, Common Value Auctions
Porter, Robert H.; Hendricks, Kenneth; Pinkse, Joris - National Bureau of Economic Research (NBER) - 2001
This paper studies federal auctions for wildcat leases on the Outer Continental Shelf from 1954 to 1970. These are leases where bidders privately acquire (at some cost) noisy, but equally informative, signals about the amount of oil and gas that may be present. We develop a test of equilibrium...
Persistent link: https://www.econbiz.de/10005248940
Cover Image
Prices, Spatial Competition, and Heterogenous Producers: An Empirical Test
Syverson, Chad - National Bureau of Economic Research (NBER) - 2006
In markets where spatial competition is important, many models predict that average prices are lower in denser markets (i.e., those with more producers per unit area). Homogeneous-producer models attribute this effect solely to lower optimal markups. However, when producers instead differ in...
Persistent link: https://www.econbiz.de/10005079152
Cover Image
Face Value: Information and Signaling in an Illegal Market
Logan, Trevon D.; Shah, Manisha - National Bureau of Economic Research (NBER) - 2009
worker website to estimate the effect of information on pricing. We show how clients of male sex workers informally police …
Persistent link: https://www.econbiz.de/10005079161
Cover Image
Price Indexes for Microsoft's Personal Computer Software Products
White, Alan; Abel, Jaison R.; Berndt, Ernst R. - National Bureau of Economic Research (NBER) - 2003
Using a unique and comprehensive data source, we measure price changes for Microsoft's desktop personal computer software products during the time period July 1993 through June 2001. This paper contributes to a relatively small literature on price measurement of pre-packaged software by...
Persistent link: https://www.econbiz.de/10005084686
Cover Image
Cementing Relationships: Vertical Integration, Foreclosure, Productivity, and Prices
Syverson, Chad; Hortacsu, Ali - National Bureau of Economic Research (NBER) - 2007
This paper empirically investigates the possible market power effects of vertical integration proposed in the theoretical literature on vertical foreclosure. It uses a rich data set of cement and ready-mixed concrete plants that spans several decades to perform a detailed case study. There is...
Persistent link: https://www.econbiz.de/10005084700