Showing 1 - 10 of 19
This study examines the dispersion in prices for homogeneous grocery products, and studies the effect of product characteristics, demographic characteristics of consumers, and market structure on search costs and price dispersion. The findings show that price dispersion is affected by search...
Persistent link: https://www.econbiz.de/10014601237
This article investigates the impacts of private labels (PLs) on fluid milk prices and price differentials using 2,759 supermarket-level observations from 10 cities. Non-parametric results reveal that although PL milk prices decrease as PL milk shares expand, eventually the effect is to increase...
Persistent link: https://www.econbiz.de/10014601263
We study the price response of national brands to the development of private labels. Using monthly data from a consumer survey, we show that prices of national brands increase with the development of private labels. However, we also show that the price increase in national brand products is...
Persistent link: https://www.econbiz.de/10014601264
It is common knowledge that oil discovered today, or that is newly allowed to be developed, has no effect on prices until reaching the market. However, economic theory does not support common knowledge on this issue. By lowering the value of holding oil for future sale, a future oil supply...
Persistent link: https://www.econbiz.de/10014613582
services. Based on Ramsey pricing principles, we find that while historical differences in rates were sensible, technological …
Persistent link: https://www.econbiz.de/10014619158
The payment cards market is a two-sided market. Cost sensitivity of both consumers and merchants for card services influences total demand. Survey data of Dutch merchants shows that costs and cost perception affect acceptance as well as surcharging decisions. Merchants who find payment cards...
Persistent link: https://www.econbiz.de/10014619184
skewed pricing by two-sided platform businesses. In both the Rochet-Tirole (2003) and Armstrong (2006) models, however …, skewed pricing may simply reflect substantial differences between side-specific demand functions; non-concavity is not …-concavity to be prevalent. In the Armstrong (2006) model, non-concavity is not sufficient for skewed pricing. In both models, non …
Persistent link: https://www.econbiz.de/10014619190
generation product entry decision of the Defender, as well as the pricing decisions of both firms, are analyzed. Analytical … results are derived by developing a 3-period pricing game, and studying closed-loop policies for a Nash equilibrium. These …. Some empirical support for our analytical results is also provided by pricing data and information on the timing of …
Persistent link: https://www.econbiz.de/10014619477
pricing policy (a constant price), and then decide on the specific prices. We numerically solve for the sub-game perfect …
Persistent link: https://www.econbiz.de/10014619478
Suppose that consumers incur fixed shopping costs and choose stores according to advertised discounts. Then, the extent to which a store will discount advertised items should increase with the profit from other regularly-priced items. Bookstores customarily advertise discounts on bestsellers....
Persistent link: https://www.econbiz.de/10014619485