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In a monopoly setting where consumers cannot observe the quality of the product we show that free samples which are of … to pure price signalling. Both, the monopolist and consumers benefit from the additional signal. …
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In a monopoly setting where consumers cannot observe the quality of the product we show that free samples which are of … to pure price signalling. Both, the monopolist and consumers benefit from the additional signal. …
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Congestion has become a problem for many airports throughout the world. Two different policy options to control congestion are analyzed in this paper: slot constraints and congestion pricing. In particular, our model takes into account that the airline industry is characterized by significant...
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