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Bundling Among Rivals : A Case of Pharmaceutical Cocktails
Lucarelli, Claudio - 2010
We empirically analyze the welfare effects of cross-firm bundling in the pharmaceutical industry. Physicians often treat patients with "cocktail" regimens that combine two or more drugs. Firms cannot price discriminate because each drug is produced by a different firm and a physician creates the...
Persistent link: https://www.econbiz.de/10012462336
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A Dynamic Model of Price Discrimination and Inventory Management at the Fulton Fish Market
Graddy, Kathryn - 2009
We estimate a dynamic profit-maximization model of a fish wholesaler who can observe consumer characteristics, set individual prices, and thus engage in third-degree price discrimination. Simulated prices and quantities from the model exhibit the key features observed in a set of high quality...
Persistent link: https://www.econbiz.de/10012463630
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Spatial Price Discrimination with Heterogeneous Firms
Vogel, Jonathan - 2009
In this paper we present and solve a three-stage game of entry, location, and pricing in a spatial price discrimination framework with arbitrarily many heterogeneous firms. We provide a unique characterization of all equilibria without imposing restrictions on the distribution of marginal costs
Persistent link: https://www.econbiz.de/10012463671
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Evaluating Welfare with Nonlinear Prices
Reiss, Peter C. - 2006
This paper examines how to evaluate consumer welfare when consumers face nonlinear prices. This problem arises in many settings, such as devising optimal pricing strategies for firms, assessing how price discrimination affects consumers, and evaluating the efficiency costs of many transfer...
Persistent link: https://www.econbiz.de/10012466295
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Consumer Information and Price Discrimination : Does the Internet Affect the Pricing of New Cars to Women and Minorities?
Morton, Fiona Scott - 2001
Mediating transactions through the Internet removes important cues that salespeople can use to assess a consumer's willingness to pay. We analyze whether dealers' difficulty in identifying consumer characteristics on the Internet and consumers' ease in finding information affects equilibrium...
Persistent link: https://www.econbiz.de/10012470047
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Best Prices : Price Discrimination and Consumer Substitution
Chevalier, Judith A. - 2014
We propose a method for aggregating prices when retailers use periodic sales to price-discriminate amongst heterogeneous customers. To do so, we introduce a model in which Loyal customers buy one brand and do not strategically time purchases, while Bargain Hunters always pay the lowest price...
Persistent link: https://www.econbiz.de/10012457898
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Distance, Demand, and Oligopoly Pricing
Feenstra, Robert C. - 1989
informed by economic theory, we simultaneously estimate a demand system and price-cost margins for products differentiated in …We demonstrate how to estimate a model of product demand and oligopoly pricing when products are multi …
Persistent link: https://www.econbiz.de/10012475970
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Demand Analysis with Many Prices
Chernozhukov, Victor - 2019
From its inception, demand estimation has faced the problem of "many prices." This paper provides estimators of average … demand and associated bounds on exact consumer surplus when there are many prices in cross-section or panel data. For cross … "zeros problem" of demand. For panel data we provide bias corrected, ridge regularized estimators of average coefficients and …
Persistent link: https://www.econbiz.de/10012480367
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Identification of Potential Games and Demand Models for Bundles
Fox, Jeremy T. - 2012
multinomial choice demand model where a consumer can elect to purchase any bundle of products. We present a separate …
Persistent link: https://www.econbiz.de/10012460506
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Vertical Information Restraints : Pro- and Anti-Competitive Impacts of Minimum Advertised Price Restrictions
Asker, John - 2016
We consider vertical contracts where the retail market may involve search frictions. Minimum advertised price restrictions (MAP) act as a restraint on customers' information and so can increase search frictions in the retail sector. Such restraints, thereby, soften retail competition--an impact...
Persistent link: https://www.econbiz.de/10012455909