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Given various recent antitrust investigations on the retail sector, we deal with uncovering demand systems substitution …. drugstores). Using the uncovered demand system we compute retail and manufacturer margins and combine those with standard market …
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We characterize the optimal dynamic price policy of a monopolist who faces quot;viscousquot;demand for its services …. Demand is viscous if it adjusts relatively slowly to price changes.We show that with the optimal policy the monopolist stops …
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In many markets, demand adjusts slowly to changes inprices, i.e., demand is quot;viscous.quot; For such a market, the … paper I explore some problems in strategic dynamicpricing of a service, in the presence of viscous demand, for simple models …
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Applied researchers most often estimate the demand for differentiated products assuming that at most one item can be … a two-step method. First, using a novel inversion result in which demand can exhibit Hicksian complementarity, I recover … implementation is straightforward, essentially as a standard BLP estimator. Finally, I estimate the demand for Ready-To-Eat (RTE …
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