There are many situations in which a customer’s proclivity to buy the product of any firm depends not only on the classical attributes of the product such as its price and quality, but also on who else is buying the same product. Under quite general circumstances, it turns out that...

There are many situations in which a customer's proclivity to buy the product of any firm depends not only on the classical attributes oft he product such as its price and quality, but also on who else is buying the same product. We model these situations as games in which firms compete for...

Customers can sometimes learn unanticipated or hidden use value of a firm's product whereas the non-customers remain uninformed about that extra value. A monopolist will increase its profit by informing the non-customers of its product's hidden value. However, our analysis reveals that this may...

Der Einzelhandel spürt vielfältige Veränderungen wie kaum ein anderer Wirtschaftsbereich: Andere Einkaufsgewohnheiten und Kaufpräferenzen der Verbraucher, aber auch neue demografische Relationen und knappere Budgets führen zu tief greifenden Anpassungsnotwendigkeiten. Auch E-Business und...