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We study a nonlinear pricing problem of experience goods in dynamic environments where consumers' private information evolves stochastically over time, and their present types and/or quitting costs are affected by their past consumptions. Our model sheds some light on the pricing of addictive...
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This study fills a void in the literature by providing the first evaluation of the impact of consumer ratings on beer prices using hedonic methods. Our work is based on a dataset consisting of over 400 beers and includes information on calorie content, alcohol content, user rating, and style for...
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