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If buyers face transaction costs, a workable pricing scheme might require door prizes in addition to a per-unit price …
Persistent link: https://www.econbiz.de/10008787533
switching to other insurance pricing systems. Under a competitive system of per-mile premiums, in which insurance companies …
Persistent link: https://www.econbiz.de/10011131706
Highlights the theory of competition advanced by da Empoli in the late 1920s. The main point is the existence of discontinuities in industrial concerns. This leads to the possibility that prices exceed marginal costs and depend also on ultramarginal costs, a new concept elaborated by da Empoli....
Persistent link: https://www.econbiz.de/10014863911
Reconsiders Umberto Ricci’s harsh comments on the book of the young Attilio da Empoli about the Theory of Economic Equilibrium and also re‐examines da Empoli’s original theses about “ultramarginality” that aroused Umberto Ricci’s fierce criticism. In his reply, da Empoli punctually...
Persistent link: https://www.econbiz.de/10014863914
in fine-wine pricing and, more precisely, in the price fluctuation of prestige Bordeaux wines. Furthermore, the …-wine pricing. Originality/value Complementary to the hedonic price modeling, this research can provide an analysis to wine …
Persistent link: https://www.econbiz.de/10014814423
The major objective of Aganbegyan′s book is to enhance arguments made by Gorbachev in the latter′s Perestroika. New Thinking for Our Country and the World . Like his leader, Aganbegyan asserts that the ultimate purpose of perestroika is people′s welfare and that the policy of the...
Persistent link: https://www.econbiz.de/10014805812
pricing by the disciplines of economics and marketing. Design/methodology/approach – It is from three perspectives that the … marketing and economics approaches to pricing are reviewed, namely, buyers' response to price, firm's determination of price … demonstrates a richer and more empirically based treatment of the pricing issue from the buyer's perspective, while economics is …
Persistent link: https://www.econbiz.de/10014895876
This paper revisits the excess entry theorem in spatial models à la Vickrey (1964) and Salop (1979) while relaxing the assumption of inelastic demand. Using a demand function with a constant demand elasticity, we show that the number of firms that enter a market decreases with the degree of...
Persistent link: https://www.econbiz.de/10010264705
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