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Consumer preferences in monopolistic competition models
Tarasov, Alexander - 2010
market or opening a country to international trade has a pro-competitive effect that decreases equilibrium prices. …
Persistent link: https://www.econbiz.de/10003964956
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Portfolio considerations in differentiated product purchases : an application to the Japanese automobile market
Wakamori, Naoki - 2011
Consumers often purchase more than one differentiated product, assembling a portfolio, which might potentially affect substitution patterns of demand and, as a consequence, oligopolistic firms' pricing strategies. This paper studies such consumers' portfolio considerations by developing a...
Persistent link: https://www.econbiz.de/10009382059
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Brand name and private label price setting by a monopoly store
Perloff, Jeffrey M.; LaFrance, Jeffrey T.; Chouinard, … - 2012
A monopoly that sells to brand-name loyal customers and to price-sensitive customers must decide whether to carry both name-brand and a private-label products and how much to charge. The monopoly may charge either more or less for the brand name if it carries a private label, and the price...
Persistent link: https://www.econbiz.de/10009559243
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Investment in customer recognition and information exchange
Shy, Oz; Stenbacka, Rune - 2012 - This version: February 15, 2012
We investigate how costly acquisition and exchange of customer-specific information affects industry profit and consumer welfare. Consumers differ in their preferences for competing brands and in their switching costs between brands. Brand-producing firms use their acquired knowledge of...
Persistent link: https://www.econbiz.de/10009526020
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Preference for variety
Kaiser, Karen; Schwabe, Rainer - 2011
We consider a decision maker who enjoys choosing from a varied set of alternatives. Building on behavioral evidence, we propose testable axioms which characterize preference for variety, and provide a representation theorem. We go on to illustrate the potential effects of preference for variety...
Persistent link: https://www.econbiz.de/10009410477
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What do drug monopolies cost consumers in developing countries?
Hellerstein, Rebecca - 2011
This paper quantifi es the effects of drug monopolies and low per-capita income on pharmaceutical prices in developing economies using the example of the antiretroviral drugs (ARVs) used to treat HIV. -- intellectual property rights ; international price discrimination ; TRIPS agreement ;...
Persistent link: https://www.econbiz.de/10009411350
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Money and privacy : Android market evidence
Kummer, Michael E.; Schulte, Patrick - 2014
We study the role of privacy in the market for mobile applications. For such programs used with smartphones and tablet … PCs a very important market has emerged. Yet, neither the role of privacy on that market is well understood, nor do we … "applications-pairs" to analyze both sides of this market: First, we analyze the price that application suppliers charge for more …
Persistent link: https://www.econbiz.de/10010468420
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Customer recognition and competition
Shy, Oz; Stenbacka, Rune - 2011
We introduce three types of consumer recognition: identity recognition, asymmetric preference recognition, and symmetric preference recognition. We characterize price equilibria and compare profits, consumer surplus, and total welfare. Asymmetric preference recognition enhances profits compared...
Persistent link: https://www.econbiz.de/10009232398
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Lifecycle prices and production
Aguiar, Mark (contributor); Hurst, Erik (contributor) - 2005
between time and market goods in home production of close to 2. Finally, we use the estimated elasticities for shopping and …
Persistent link: https://www.econbiz.de/10003233297
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Income redistribution and access to innovations in health care
García-Alonso, María del Carmen (contributor);  … - 2001 - [Elektronische Ressource]
We study the impact a redistribution of income has on the decisions of a health care innovator and the utility of consumers. We find that income redistribution from rich to poor increases the quality of the medical innovation, reduces its price and increases the utility of some of the consumers...
Persistent link: https://www.econbiz.de/10001646571