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complementary relationship between e-books and e-reader as the main reason for the retailer to set a low e-book price in the … wholesale model. Comparing the wholesale and the agency models, we find, in a wide range of market conditions, the price for e-book … readers is lower in the agency model, leading to a higher e-book market share. However, a higher e-book price in the agency …
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In some markets consumers seek exclusive consumption experiences, yet in these markets businesses sometimes market their goods widely and at low prices during an introduction period. We use a two-period game-theoretic model to provide a signaling explanation for this phenomenon. In our model,...
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This paper examines how information provided by online reviews influences firms’ pricing strategy for repeat purchase products. It is commonly understood that online reviews can reduce consumer uncertainty about product characteristics and, therefore, have the potential to increase product...
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Over the years, many European countries have regulated their national book markets. Chief among the regulatory schemes … special treatment; (2) advancing diversity in the book market; (3) creating a wide distribution of and accessibility to books … design in book markets. The RPM regime has been discussed and analyzed using a positive economic framework, but its …
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