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crowds out local variety. Under local monopoly, local buyer surplus co-moves with external buyer surplus. Under local free … surplus is better provided by local monopoly. …
Persistent link: https://www.econbiz.de/10012026420
We analyze recommendation algorithms that firms can engineer to strategically provide information to consumers about products with uncertain matches. Monopolists who cannot alter prices can design recommendation algorithms to oversell the product instead of algorithmically recommending perfectly...
Persistent link: https://www.econbiz.de/10014254109
products. We propose and estimate a Bayesian learning model of tariff and usage choice that explains this "flat-rate bias …
Persistent link: https://www.econbiz.de/10014059541
In this paper we develop an analytical model that characterizes the structure of price dispersion observed in electronic markets. Findings of our model are consistent with empirical evidence in these e-markets. We show that when different types of buyers' have different search costs, firms...
Persistent link: https://www.econbiz.de/10014028461
learning among adopters by manipulating the launch sequence when both the decision maker and adopters can learn about the …
Persistent link: https://www.econbiz.de/10014210148
behavior and affect pricing strategies: beliefs, switching costs, experiential learning, and (ex-ante) mistakes in tariff …
Persistent link: https://www.econbiz.de/10005069234
information from current to future buyers. Eventually the monopolist will stop the learning process, either by exiting or by …
Persistent link: https://www.econbiz.de/10005636441
deviation to another market. In every stable market segmentation, (i) the producer surplus remains at the uniform monopoly level …, (ii) the consumer surplus takes a value between the buyer-optimal level and the uniform monopoly level, and (iii) no … consumer is worse off than the uniform monopoly. Therefore, our results justify the Pareto optimum of price discrimination and …
Persistent link: https://www.econbiz.de/10014048625
This paper studies optimal nonlinear pricing for a monopolist when consumers' preferences exhibit temptation and self-control as in Gul and Pesendorfer (2001a). Consumers are subject to temptation inside the store but exercise self-control, and those foreseeing large self-control costs do not...
Persistent link: https://www.econbiz.de/10010293447
valuations for quality but by image concerns. A typical monopoly outcome is a two-tier product line resembling a \"masstige … but monopoly can yield higher welfare than competition. …
Persistent link: https://www.econbiz.de/10011932935