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of fibre mean that the technology choices made today will dictate the forms of competition and regulation that develop in … different architectures and wholesale scenarios on investment, cost, profitability, reach, competition, market shares, pricing … and welfare. We have used a steady state cost model that feeds cost functions into a strategic competition model. Figure 1 …
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We address the effect of contextual consumer loss aversion on firm strategy in imperfect competition. Consumers are …
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Consider a differentiated product market in which all consumers are fully informed about match value and price at the time they make their purchasing decision. Initially, consumers become informed about the prices of all products in the market but do not know the match values. Some consumers...
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We analyze a consumer-choice model with price uncertainty, loss aversion, and expectation-based reference points. The implications of this model are tested in an experiment in which participants have to make a consumption choice between two sandwiches. Participants differ in their reported taste...
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We study rationing as a tool of the monopolist’s selling policy when demand is uncertain. Three selling policies are potentially optimal in our environment: uniform pricing, final sales, and introductory offers. Final sales consist in charging a high price initially, but then lowering the...
Persistent link: https://www.econbiz.de/10005126684
We study rationing as a tool of the monopolist’s pricing strategy when demand is uncertain. Three pricing strategies are potentially optimal in our environment: uniform pricing, final sales, and introductory offers. The final sales strategy consists in charging a high price initially, but then...
Persistent link: https://www.econbiz.de/10005102116