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We provide evidence for heterogeneous consumer preferences for product quality and game outcome uncertainty (GOU) in Major League Baseball. Using attendance data from 2013 to 2019, we explore functional data clustering techniques to detect common patterns in predictive margins of team-specific...
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demand. The optimal tariff is a flat rate if marginal cost of production is low compared to a consumer’s degree of loss … aversion and if there is enough variation in the consumer’s demand. Moreover, if consumers differ with respect to the degree of …-Rate Tariffs ; Nonlinear Pricing ; Uncertain Demand …
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