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Market liberalization : price dispersion, price discrimination and consumer search in the German electricity markets
Gugler, Klaus; Heim, Sven; Janssen, Maarten C. W.; … - 2018
We study how consumer search affects pricing in markets with incumbents and entrants using panel data on German … electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent … baseline rate while entrants decrease their tariffs if consumer search increases. Moreover, the incumbent price discriminates …
Persistent link: https://www.econbiz.de/10011916675
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Strategic Targeted Advertising
Galeotti, Andrea; Moraga, Jose Luis - 2003
We present a strategic game of pricing and targeted-advertising. Firms cansimultaneously target priceadvertisements to different groups of customers, or to the entiremarket. Pure strategy equilibria do not exist and thus marketsegmentation cannot occur surely. Equilibria exhibit random...
Persistent link: https://www.econbiz.de/10010325630
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Stable Market Segmentation against Price Discrimination
Kuang, Zhonghong; Li, Sanxi; Liu, Yi; Yu, Yang - 2022
According to current data regulations, consumers are mobile among different markets, which endogenizes market segmentation. When accommodating such strategic interactions, a segmentation is stable if no consumer can find a profitable deviation to another market. In every stable market...
Persistent link: https://www.econbiz.de/10014048625
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The Informational Benefit of Price Discrimination
Gendron-Saulnier, Catherine; Santugini, Marc - 2014
We consider a monopoly supplying a homogeneous good to two separate markets with different demands. In one of the markets, some buyers do not know the quality of the good, but learn about it from observing prices. Under noisy demand, third-degree price discrimination is shown to alter the...
Persistent link: https://www.econbiz.de/10014155280
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Information Acquisition and Price Discrimination in Dynamic, Decentralized Markets
Choi, Michael; Rocheteau, Guillaume - 2022
We formalize a decentralized market where consumers with privately-known preferences meet bilaterally with firms. The latter acquire information to raise their degree of price discrimination from second to first. In a dynamic setting where outside options are endogenous, information choices are...
Persistent link: https://www.econbiz.de/10014077920
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The Scope of Sequential Screening with Ex-Post Participation Constraints
Bergemann, Dirk - 2017
We study the classic sequential screening problem under ex-post participation constraints. Thus the seller is required to satisfy buyers' ex-post participation constraints. A leading example is the online display advertising market, in which publishers frequently cannot use up-front fees and...
Persistent link: https://www.econbiz.de/10012962543
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The Scope of Sequential Screening with Ex-Post Participation Constraints
Bergemann, Dirk - 2017
We study the classic sequential screening problem under ex-post participation constraints. Thus the seller is required to satisfy buyers' ex-post participation constraints. A leading example is the online display advertising market, in which publishers frequently cannot use up-front fees and...
Persistent link: https://www.econbiz.de/10012954382
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The Design and Price of Information
Bergemann, Dirk - 2017
A data buyer faces a decision problem under uncertainty. He can augment his initial private information with supplemental data from a data seller. His willingness to pay for supplemental data is determined by the quality of his initial private information. The data seller optimally offers a menu...
Persistent link: https://www.econbiz.de/10012954846
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Noisy Learning and Price Discrimination : Implications for Information Dissemination and Profits
Gendron-Saulnier, Catherine - 2015
We study third-degree price discrimination in the presence of uninformed buyers who extract noisy information from observing prices. In a noisy learning environment, price discrimination can be detrimental to the firm and beneficial to the consumers. On the one hand, discriminatory pricing...
Persistent link: https://www.econbiz.de/10013035017
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The Scope of Sequential Screening with Ex-Post Participation Constraints
Bergemann, Dirk - 2018
We study the classic sequential screening problem in the presence of buyers' ex-post participation constraints. A leading example is the online display advertising market, in which publishers frequently do not use up-front fees and instead use transaction-contingent fees. We establish conditions...
Persistent link: https://www.econbiz.de/10012916488