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We propose one of the first models of "product framing" and pricing. Product framing refers to the way consumer choice is influenced by how the products are framed, or displayed. We present a model where a set of products are displayed, or framed, into a set of virtual web pages. We assume that...
Persistent link: https://www.econbiz.de/10012910148
We consider the problem of a firm seeking to use personalized pricing to sell an exogenously given stock of a product over a finite selling horizon to different consumer types. We assume that the type of an arriving consumer can be observed but the demand function associated with each type is...
Persistent link: https://www.econbiz.de/10012850644
Persistent link: https://www.econbiz.de/10012172300