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This paper studies how a seller should design its price schedule when consumers' preferences are subject to temptation. As in Gul and Pesendorfer (2001),consumers exercise costly self-control to some degree and foresee their impulsivebehavior and self-control. Since consumers may pay a premium...
Persistent link: https://www.econbiz.de/10009472333
A basic assumption of economics is that consumers choose what they want. However, many consumers find it difficult to stop overeating, overspending, smoking, procrastinating, etc, even though they want to. In reality, consumers have temptation and it is psychologically costly to exercise...
Persistent link: https://www.econbiz.de/10009450286
This thesis consists of three chapters on dynamic oligopoly models. In the first chapter, I emphasize the importance of strategicbehavior by entrants. I provide a model of endogenous entry in which potential entrants can influence their product quality in the entrystage by varying the level of...
Persistent link: https://www.econbiz.de/10009449968
This thesis consists of three essays. In the first essay we study monopolistic pricing, with a capacity constraint, of a good that loses its value T periods after it is put on sale for the first time. Buyers only obtain utility just before the good loses its value. Examples of such goods include...
Persistent link: https://www.econbiz.de/10009450111
This thesis consists of three essays focusing on time inconsistency in a game theoretic framework.The first essay studies an equilibrium concept for both one and two player extensive form games. The equilibrium concept, by construction, embraces different bounded rationality approaches in one...
Persistent link: https://www.econbiz.de/10009450148