We examine the role of price transparency in consumer preferences and demand. We assemble a detailed dataset on the … driving school industry in Portugal to quantify how firms present the price of the course of instruction, and its individual … impact of varying levels of price information on demand. The results show that consumers are willing to pay a significant …

with the results of an empirical analysis of price response to changes in cost. We find that firms without adjacent … competition exhibit both upward and downward price rigidity, an outcome we ascribe to asymmetric information between the consumer … and the firm. Given that previous studies have focused on downward price rigidities of firms with market power, our …

, intensifies price competition for non-loyal customers, and eliminates cannibalization from customer self-selection. Contrary to … prior literature on one-to-one marketing and price discrimination, we show that even symmetric firms can avoid the well …

). These technologies enable first-degree price discrimination: firms charge different prices to different consumers, based on …, despite the threat of first degree price discrimination, personalized pricing with competing firms can lead to an overall …

This paper investigates the price and service rate decisions in a customer-intensive service in an M/M/1 queue system … heterogeneous customers, the optimal price and service rate decisions are solved with or without considering social interaction …

electricity generators compete in a uniform price auction to satisfy demand from retailers acting on behalf of subscribed …

such periodic price reductions appear to suggest that the phenomenon cannot be entirely attributed to random variations in … supply, demand, or the aggregate price level. Certain sales are traditional and so well publicized that it is difficult to …

We re-examine tacit collusion under a simple punishment rule in which firms match any lower price by their rivals, but … relationship to existing theories of price matching guarantees, kinked demand curves, and continuous reaction-function equilibria …