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ECONIS (ZBW)
902
RePEc
3
Showing
1
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905
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1
Pricing in retail markets with low search costs : evidence from a price comparison website
Lindgren, Charlie
;
Daunfeldt, Sven-Olov
;
Rudholm, Niklas
-
2021
increasingly common around the world. Using daily
information
on prices, click-throughs, and the number of retailers for a sample …
Persistent link: https://www.econbiz.de/10012605830
Saved in:
2
Shrinking goods
Levy, Daniel C.
;
Snir, Avichai
-
2013
-
Last revision: January 22, 2013
If producers have more
information
than consumers about goods' attributes, then they may use non-price (rather than … when processing goods' price and quantity
information
. …
Persistent link: https://www.econbiz.de/10011525750
Saved in:
3
Why are residents reluctant to consult attending physicians?
Swank, Otto H.
-
2009
A physician performs two tasks: making diagnoses and determining treatments. To reduce medical error, residents are supposed to consult their supervisors when they face uncommon circumstances. However, recent research shows that residents are reluctant to do so. This paper presents a model that...
Persistent link: https://www.econbiz.de/10011378360
Saved in:
4
Competition in search markets with naive consumers
Gamp, Tobias
;
Krähmer, Daniel
-
2022
We study the interplay between quality provision and consumer search in a search market where firms may design products of inferior quality to promote them to naive consumers who fail to fully understand product characteristics. We derive an equilibrium in which both superior and inferior...
Persistent link: https://www.econbiz.de/10014476771
Saved in:
5
Biased beliefs in search markets
Gamp, Tobias
;
Krähmer, Daniel
-
2022
We study the implications of biased consumer beliefs for search market outcomes in the seminal framework due to Diamond (1971). Biased consumers base their search strategy on a belief function which specifies for any (true) distribution of utility offers in the market a possibly incorrect...
Persistent link: https://www.econbiz.de/10014476790
Saved in:
6
On the Value of Commitment and Availability Guarantees when Selling to Strategic Consumers
Su, Xuanming
-
2012
This paper studies the role of product availability in attracting consumer demand. We start with a newsvendor model, but additionally assume that stockouts are costly to consumers. The seller sets an observable price and an unobservable stocking quantity. Consumers anticipate the likelihood of...
Persistent link: https://www.econbiz.de/10012712971
Saved in:
7
Consumer Search and the Uncertainty Effect
Karle, Heiko
-
2020
We consider a model of Bertrand competition where consumers are uncertain about the qualities and prices of firms' products. Consumers can inspect all products at zero cost. A share of consumers is expectation-based loss averse. For these consumers, a purchase plan, which involves buying...
Persistent link: https://www.econbiz.de/10012825039
Saved in:
8
A Model of Recommended Retail Prices
Lubensky, Dmitry
-
2016
Manufacturers frequently post non-binding public price recommendations, but neither the rationale for this practice nor its impact on prices is well understood. I develop a model in which recommendations signal a manufacturer's production cost to searching consumers, who then form beliefs about...
Persistent link: https://www.econbiz.de/10013008134
Saved in:
9
Consumer loss aversion and scale-dependent psychological switching costs
Karle, Heiko
;
Schumacher, Heiner
;
Vølund, Rune
-
2021
We consider the Salop (1979) model of product differentiation and assume that consumers are uncertain about the qualities and prices of firms’ products. They can inspect all products at zero cost. A share of consumers is expectation-based loss averse. For these consumers, a purchase plan,...
Persistent link: https://www.econbiz.de/10012624849
Saved in:
10
Apparent competition in two-sided platforms
Guven, Gokhan
;
Inci, Eren
;
Russo, Antonio
-
2017
We study a platform's design of membership and transaction fees when sellers compete and buyers cannot observe the prices and features of goods without incurring search costs. The platform alleviates sellers' competition by charging them transaction fees that increase with sales revenue, and...
Persistent link: https://www.econbiz.de/10011721758
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