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Horizontal product differentiation with limited attentive consumers
Saur, Marc P.; Schlatterer, Markus G.; Schmitt, … - 2019
We analyze the effects of consumers' limited attention on welfare in a model of horizontal product differentiation. We … present a novel approach of modeling limited attention: an attention radius. Each consumer only notices goods that are within … her attention radius, i.e., goods that are sufficiently similar to her preferred version of the good. Limited attention …
Persistent link: https://www.econbiz.de/10012287658
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Horizontal product differentiation with limited attentive consumers
Saur, Marc P.; Schlatterer, Markus G.; Schmitt, … - 2019
We analyze the effects of consumers' limited attention on welfare in a model of horizontal product differentiation. We … present a novel approach of modeling limited attention: an attention radius. Each consumer only notices goods that are within … her attention radius, i.e., goods that are sufficiently similar to her preferred version of the good. Limited attention …
Persistent link: https://www.econbiz.de/10011963815
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The Price Does Not Include Additional Taxes, Fees, and Surcharges : A Review of Research on Partitioned Pricing
Greenleaf, Eric - 2015
In the past two decades, pricing research has paid increasing attention to instances where a product's price is divided …
Persistent link: https://www.econbiz.de/10012707342
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The Pricing Strategies of Unsecured Consumer Loans
Lu, Lei - 2020
This paper analyzes lenders' pricing strategies in the business-to-customer (B2C) unsecured loan market by using a proprietary dataset of approximately 3 million unsecured consumer loans from a B2C online retailer in China. We find that lenders' decisions to invite customers are based on...
Persistent link: https://www.econbiz.de/10012838385
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Price coordination in two-sided markets : competition in the TV industry
Kind, Hans Jarle; Nilssen, Tore; Sørgard, Lars - 2010
The TV industry is a two-sided market where both advertisers and viewers buy access to the programs offered by competing TV channels. Under the current market structure advertising prices are typically set by TV channels while viewer prices are set by distributors (e.g. cable operators). The...
Persistent link: https://www.econbiz.de/10003955216
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Consumer myopia, competition and the incentives to unshroud add-on information
Wenzel, Tobias - 2013
This paper studies unshrouding decisions in a framework similar to Gabaix and Laibson (2006), but considers an alternative unshrouding mechanism where the impact of advertising add-on information depends on the number of unshrouding firms. We show that shrouding becomes less prevalent as the...
Persistent link: https://www.econbiz.de/10010223577
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The Economics of Two-Sided Payment Card Markets : Pricing, Adoption and Usage
McAndrews, James - 2012
This paper provides a new theory for two-sided payment card markets. Adopting payment cards requires consumers and merchants to pay a fixed cost, but yields a lower marginal cost of making payments. Analyzing adoption and usage externalities among heterogeneous consumers and merchants, our...
Persistent link: https://www.econbiz.de/10013096294
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Price Dispersion, Competition, and Efficiency : Evidence from Chicago Based Routes
Kutlu, Levent - 2017
In this study we analyze the determinants of airline price dispersion. We particularly concentrate on the conduct and marginal cost efficiency. The effect of conduct on price dispersion seems to depend on the characteristics of the market. For the big city routes, we observe positive effect; and...
Persistent link: https://www.econbiz.de/10012971687
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Negotiating Flexible Prices
Cardella, Eric - 2014
In many markets, the price of a good or service is flexible. Buyers can either buy at the posted price or attempt to negotiate a lower price. A seller's decision about whether to allow flexible prices and subsequent outcome in these types of flexible price markets depends, in large part, on...
Persistent link: https://www.econbiz.de/10013052281
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Competition in Online Markets with Auctions and Posted Prices
Maslov, Alexander - 2022
The paper studies an online consumer-to-consumer market with limited supply, where sellers may list their items by posted prices or auctions. I show that when there is competition among sellers, they use only posted prices in the equilibrium. This result contrasts with the findings for a...
Persistent link: https://www.econbiz.de/10013292704