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We study price dynamics in a service market environment where identical service providers dynamically reset their prices to price discriminate informed and uninformed consumers. A semi-Markovian game model for dynamic pricing is developed and a new multi-time scale actor-critic algorithm is...
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the innovating firm invests in marketing, so that consumers become aware of the newly developed product. Firms first … theoretical model are that both the marketing of a product innovation and a firm's propensity to introduce an innovation decrease … a positive effect on product innovation and marketing effort. These findings are tested empirically using survey data …
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