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Acemoglu, Daron - 2017

This paper develops a model of Bayesian learning from online reviews, and investigates the conditions for asymptotic … learning of the quality of a product and the speed of learning under different rating systems. A rating system provides … to leave a review as a function of her overall satisfaction. We study learning dynamics under two classes of rating …

Persistent link: https://www.econbiz.de/10012453667

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

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

Learning and the Value of Information : Evidence From Health Plan Report Cards

Chernew, Michael - 2001

We estimate a Bayesian learning model in order to assess the value of health plan performance information and the …

Persistent link: https://www.econbiz.de/10012470127

Quality and Price Setting of High-Tech Goods

Gorodnichenko, Yuriy; Talavera, Oleksandr; Nam Hoai Vu - National Bureau of Economic Research - 2021

This paper investigates the link between product quality and price setting for central processing units (CPUs). Using thousands of price quotes from a popular price-comparison website, we find that market fundamentals, such as the number of sellers, median price, share of convenient prices and...

Persistent link: https://www.econbiz.de/10012482608

Price and Quality Dispersion in an Offshoring Market : Evidence from Semiconductor Production Services

Byrne, David - 2013

. The theory demonstrates how to use the observed price dynamics to adjust prices for unobserved quality differences across …

Persistent link: https://www.econbiz.de/10012459006

Multi-Product Firms and Product Quality

Manova, Kalina - 2012

We examine the global operations of multi-product firms. We present a flexible heterogeneous-firm trade model with either limited or strong scope for quality differentiation. Using customs data for China during 2002-2006, we empirically establish that firms allocate activity across products in...

Persistent link: https://www.econbiz.de/10012460023

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

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 …

Persistent link: https://www.econbiz.de/10012463671

Evaluating Welfare with Nonlinear Prices

Reiss, Peter C. - 2006

settings, such as devising optimal pricing strategies for firms, assessing how price discrimination affects consumers, and … range of modern pricing practices, including menus of pricing plans. This analysis yields a simpler and more general …

Persistent link: https://www.econbiz.de/10012466295

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