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In this paper, we focus on price competition between several multiproduct firms which produce differentiated systems, each consisting of two complementary products. It is shown here that if firms are restricted to pure component pricing (bundling is not allowed) whenever components produced are...
Persistent link: https://www.econbiz.de/10014117477
This paper shows that a multiproduct firm may find it optimal not to delegate the sales of all products and therefore to employ different distribution channels for different products. It faces the following trade-off: There is a strategic effect associated with delegation, but if both products'...
Persistent link: https://www.econbiz.de/10014028994
This paper presents a dynamic model of multichannel price setting under market signaling and learning. The paper explores the case of a monopolist selling a good through two buying channels: brick-and-mortar and online. A novel feature of the paper is to introduce an idiosyncratic privacy...
Persistent link: https://www.econbiz.de/10013300420
Game theory lacks an explanation of how players' beliefs are formed and why they are in equilibrium. This is the reason why it has failed to make significant advances with the problem of equilibrium selection even for quite simple games, as 2 x 2 games with two strict Nash equilibrium. Our paper...
Persistent link: https://www.econbiz.de/10005755663
Persistent link: https://www.econbiz.de/10006074790
We propose a non-cooperative game in order to emphasize the srategic rationale in shaping the distribution system. Compared with the received literature, we let manufacturers select which retailer(s) will market their respective brand. This, together with retailers possibly being multi-product...
Persistent link: https://www.econbiz.de/10004985195
Persistent link: https://www.econbiz.de/10005160070
In this paper, we focus on price competition between several multiproduct firms which produce differentiated systems, each consisting of two complementary products. It is shown here that if firms are restricted to pure component pricing (bundling is not allowed) whenever components produced are...
Persistent link: https://www.econbiz.de/10005177400
Persistent link: https://www.econbiz.de/10005032152
This paper shows that a multiproduct firm may find it optimal not to delegate the sales of all products and therefore to employ different distribution channels for different products. It faces the following trade-off: There is a strategic effect associated with delegation, but if both products'...
Persistent link: https://www.econbiz.de/10005186073