Showing 1 - 10 of 593
We use data from restaurants in Shanghai, China to conduct a new empirical analysis of prices and coupons. Our results … show a positive relationship between prices and online coupons. Moreover, the price premium from couponing is higher for … coupons have an average price that is about 60 percent higher than similar restaurants that do not issue coupons. When …
Persistent link: https://www.econbiz.de/10009367963
the producer's choice of the promotional vehicle (mass media, targeted coupons,...) for discrimination purposes. In a … determinants of the coupons' promotional vehicle chosen by the producer. The analysis shows that there are only two relevant … discrimination). We show that the promotional vehicle associated with a wide couponing policy will be direct-mail coupons, whereas …
Persistent link: https://www.econbiz.de/10005612432
This paper examines a key difference between two promotional vehicles, coupons and rebates. Whereas coupons offer deals … uncertain redemption costs, this difference translates to a difference in when uncertainty is resolved. With coupons the … rebates are more efficient in surplus extraction but coupons offer more finetuned control over whom to serve. We identify the …
Persistent link: https://www.econbiz.de/10008787722
This study explored the market for a new School for preschool to grade 12 in the capital and surrounding towns/villages. It considered twelve factors that may affect the viability of the proposed project at the designated location. These factors were availability of children under seven years in...
Persistent link: https://www.econbiz.de/10009365823
Many economists and policy analysts seem to believe that loyaltyrewarding pricing schemes, like frequent flyer programs, tend to reinforce firm's market power and hence are detrimental to consumer welfare. The existing academic literature has supported this view to some extent. In contrast, we...
Persistent link: https://www.econbiz.de/10010851466
We study price competition between firms over public list or posted prices when a fraction of consumers (termed 'bargainers') can subsequently receive discounts with some probability.  Such stochastic discounts are a feature of markets in which some consumers bargain explicitly; of markets in...
Persistent link: https://www.econbiz.de/10011004203
a good. Under a coupon remedy, injured consumers are awarded coupons that can be used for a limited period of time to … holding a relatively high number of coupons), while under the discount remedy all consumers are affected. We show nonetheless …
Persistent link: https://www.econbiz.de/10010538416
The goal of this paper is to reexamine the optimal design and efficiency of loyalty rewards in markets for final consumption goods. While the literature has emphasized the role of loyalty rewards as endogenous switching costs (which distort the efficient allocation of consumers), in this paper l...
Persistent link: https://www.econbiz.de/10010547184
Cross-ruff coupons are obtained at the time of purchase of a carrier brand and may be redeemed at a later date on a … target brand. These coupons therefore have the ability to link consumer purchases across different brands as well as shopping … trips. We model the effects of cross-ruff coupons on consumer choice behavior and derive the conditions under which cross …
Persistent link: https://www.econbiz.de/10009214391
The theory of coupon privatization was developed by Milton Friedman in the 1970s as a quicker alternative to stock privatization. According to this theory, several transformed Central and Easter European countries have provided their state entrepreneurial assets – to various degrees – to...
Persistent link: https://www.econbiz.de/10010839246