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consumers' fairness concerns tend to lead to uniform pricing even in the absence of fairness unpredictability, this mechanism …This paper explores the effects of the unpredictability of consumers' fairness concerns on monopolistic third …-degree price discrimination. We develop a simple repeated game framework to consider the monopolist's pricing strategy in the long …
Persistent link: https://www.econbiz.de/10012937949
's inequity aversion on a firm's optimal pricing and quality decisions. We highlight several interesting findings. First, because …
Persistent link: https://www.econbiz.de/10013005302
that the dual entitlement theory captures a tendency of people to judge price fixing based on the rule of fairness. The …
Persistent link: https://www.econbiz.de/10012861268
who would like to include distributive justice perspectives in discussions of justice in pricing … would like, we can do without a concept of substantive price fairness and reduce satisfactorily all ethical problems related … to pricing to issues of genuineness of consent. To achieve this, the article examines the just price tradition and then …
Persistent link: https://www.econbiz.de/10013050950
profits, and greater welfare. The current one-size-fits-all pricing rule ignores variations in demand elasticities resulting …
Persistent link: https://www.econbiz.de/10013055988
more than one of these fairness constraints is impossible even under simple settings. We then analyze the pricing strategy … fairness, e.g., by charging higher prices (or denying access) to protected minorities in case they have higher (or lower …. In this paper, we consider the problem of setting prices for different groups under fairness constraints. We first …
Persistent link: https://www.econbiz.de/10013214266
I suppose that consumers see a firm as fair if they cannot reject the hypothesis that the firm is somewhat benevolent towards them. Consumers that can reject this hypothesis become angry, which is costly to the firm. I show that firms that wish to avoid this anger will keep their prices rigid...
Persistent link: https://www.econbiz.de/10012467772
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