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sale. Considering that each item’s quality decreases while it sits on the shelf, the retailer chooses how long to display …’s age and associated quality; without timestamps, they decide based on the average quality of purchased items. Our first … quantity and quality of donated items …
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This paper examines the impact of introducing high-speed trains on consumer welfare using South Korean transportation industry data. The model treats the rail company's choice of train schedules as endogenous in order to take the firm's choices of product line into account. I estimate a model of...
Persistent link: https://www.econbiz.de/10012182230
elasticities with respect to quantity that do not allow for quality variation or for the possibility of non-linear pricing … important ramifications for the use and quality of paid childcare. Even if one is concerned primarily with the quantity aspect …, the quality dimension cannot be ignored. This paper provides an exposition of the potential biases in estimates of price …
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This papers studies the effects on service quality and consumer surplus of a minimum price which is fixed by a … maximize consumer surplus only if consumers demand the highest possible average quality. If consumers demand services of lesser … quality, the association?s price will be too high if measured by consumer surplus. Moreover we show that a de-regulated market …
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rational. Art directors set performance quality according to their aspiration levels. While taking into account the spatial …
Persistent link: https://www.econbiz.de/10010296250
Proponents of RPM argue that RPM helps to sustain a high level of service at the point of sale and that such a high level is efficient. This paper provides a simple model which leads to the following conclusions: 1) RPM may increase or decrease the level of service. 2) Whether the service level...
Persistent link: https://www.econbiz.de/10010296547
We develop a method for estimation of price reactions using unit value data which exploits the implicit links between quantity and unit value choices. This allows us to combine appealing Engel curve specifications with a model of unit value determination in a way which is consistent with demand...
Persistent link: https://www.econbiz.de/10010298001