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Market Share Dynamics in a Model with Search and Word-of-Mouth Communication
Schmidt, Robert C. - 2010
existence and location of their previous supplier. New information is gathered via search or word-of-mouth communication. Market …
Persistent link: https://www.econbiz.de/10010334034
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Market share dynamics in a model with search and word-of-mouth communication
Schmidt, Robert C. - 2009
existence and location of their previous supplier. New information is gathered via search or word-of-mouth communication. Market …
Persistent link: https://www.econbiz.de/10003935674
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Market share dynamics in a duopoly model with word-of-mouth communication : conference paper
Kovác, Eugen; Schmidt, Robert C. - 2013
We analyze dynamic price competition in a homogeneous goods duopoly, where consumers exchange information via word-of-mouth communication. A fraction of consumers, who do not learn any new information, remain locked-in at their previous supplier in each period. We analyze Markov perfect...
Persistent link: https://www.econbiz.de/10010338373
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Market share dynamics in a duopoly model with word-of-mouth communication
Kováč, Eugen; Schmidt, Robert C. - In: Games and Economic Behavior 83 (2014) C, pp. 178-206
We analyze dynamic price competition in a homogeneous goods duopoly, where consumers exchange information via word-of-mouth communication. A fraction of consumers, who do not learn any new information, remain locked-in at their previous supplier in each period. We analyze Markov perfect...
Persistent link: https://www.econbiz.de/10011049782
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Market liberalization: Price dispersion, price discrimination and consumer search in the German electricity markets
Gugler, Klaus; Heim, Sven; Janssen, Maarten C. W.; … - 2018
We study how consumer search affects pricing in markets with incumbents and entrants using panel data on German … electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent … baseline rate while entrants decrease their tariffs if consumer search increases. Moreover, the incumbent price discriminates …
Persistent link: https://www.econbiz.de/10011917544
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Non-sequential search, competition and price dispersion in retail electricity
Gugler, Klaus; Heim, Sven; Liebensteiner, Mario - 2016
We investigate the impact of consumer search and competition on pricing strategies in Germany's electricity retail. We … utilize a unique panel dataset on spatially varying search requests at major online price comparison websites to construct a … direct measure of search intensity and combine this information with zip code level data on electricity tariffs between 2011 …
Persistent link: https://www.econbiz.de/10011447766
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Non-sequential search, competition and price dispersion in retail electricity
Gugler, Klaus; Heim, Sven; Liebensteiner, Mario - 2016
We investigate the impact of consumer search and competition on pricing strategies in Germany’s electricity retail. We … utilize a unique panel dataset on spatially varying search requests at major online price comparison websites to construct a … direct measure of search intensity and combine this information with zip code level data on electricity tariffs between 2011 …
Persistent link: https://www.econbiz.de/10011446819
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Market liberalization : price dispersion, price discrimination and consumer search in the German electricity markets
Gugler, Klaus; Heim, Sven; Janssen, Maarten C. W.; … - 2018
We study how consumer search affects pricing in markets with incumbents and entrants using panel data on German … electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent … baseline rate while entrants decrease their tariffs if consumer search increases. Moreover, the incumbent price discriminates …
Persistent link: https://www.econbiz.de/10011916675
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Emergent Pareto-Levy Distributed Returns to Research in a Multi-Agent Model of Endogenous Technical Change
Makowsky, Michael D.; Levy, David M. - Department of Economics, Towson University - 2010
due to imperfect information and costly household search. The interaction of heterogeneous knowledge, research investment …, revenues, and search outcomes across agents endogenously generates the empirically observed but seemingly idiosyncratic Pareto …
Persistent link: https://www.econbiz.de/10008515086
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Some Implications of Search Costs for the Price Dynamics of Electronic Markets
Pereira, Pedro - Autoridade de Concorrência, Government of Portugal - 2004
proportion of low search cost consumers increases. …
Persistent link: https://www.econbiz.de/10005115568