We characterize the optimal dynamic price policy of a monopolist who faces quot;viscousquot;demand for its services …. Demand is viscous if it adjusts relatively slowly to price changes.We show that with the optimal policy the monopolist stops …

In many markets, demand adjusts slowly to changes inprices, i.e., demand is quot;viscous.quot; For such a market, the … paper I explore some problems in strategic dynamicpricing of a service, in the presence of viscous demand, for simple models …

Applied researchers most often estimate the demand for differentiated products assuming that at most one item can be … a two-step method. First, using a novel inversion result in which demand can exhibit Hicksian complementarity, I recover … implementation is straightforward, essentially as a standard BLP estimator. Finally, I estimate the demand for Ready-To-Eat (RTE …

In this paper we introduce a new approach to estimating differentiated product demand systems that allows for products … with zero sales in the data. Zeroes in demand are a common problem in product differentiated markets, but fall outside the … scope of existing demand estimation techniques. Our solution to the zeroes problem is based on constructing bounds for the …