This paper presents a generalised framework to understand mixed-strategy sales behaviour with informative advertising …. By introducing competition in the utility space into a clearinghouse sales model, we oer a highly tractable framework … that can i) provide a novel welfare analysis of intra-personal price discrimination in sales markets, ii) characterise …

generalized "clearinghouse" sales framework. Our framework permits multiple dimensions of firm heterogeneity, and views firms as …To provide a more exible workhorse model of temporary price reductions or "sales", this paper presents a substantially … into the number and type of firms that use sales, and iv) extends a "cleaning" procedure that is commonly used in empirical …