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Pricing when customers have limited attention
Boyacı, Tamer; Akçay, Yalçın - 2016
We study the optimal pricing problem of a firm facing customers with limited attention and capability to process … firm's price optimization problem and characterize the pricing and revenue implications of customer's limited attention. We … heterogeneity, and study extensions such as multiple products, competition, and joint inventory and pricing decisions. We also show …
Persistent link: https://www.econbiz.de/10011436114
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Pricing when customers have limited attention
Boyacı, Tamer; Akçay, Yalçın - 2017 - Revised version
We study the optimal pricing problem of a firm facing customers with limited attention and capability to process … firm's price optimization problem and characterize the pricing and revenue implications of customer's limited attention. We … heterogeneity, and study extensions such as multiple products, competition, and joint inventory and pricing decisions. We also show …
Persistent link: https://www.econbiz.de/10011586627
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Geometric methods for finite rational inattention
Müller-Itten, Michèle; Armenter, Roc; Stangebye, … - 2021
Persistent link: https://www.econbiz.de/10012651413
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Stochastic choice and rational inattention
Lin, Yi-Hsuan - In: Journal of economic theory 202 (2022), pp. 1-43
Persistent link: https://www.econbiz.de/10013373398
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Choosing what to pay attention to
Fulton, Chad - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 1, pp. 153-184
the pricing problem of a monopolist who sells in multiple markets and the portfolio problem of an investor who can invest … under which the multimarket monopolist would optimally choose a uniform pricing strategy, and we show how optimal …
Persistent link: https://www.econbiz.de/10012806924
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Rationally inattentive preferences and hidden information costs
Oliveira, Henrique de; Denti, Tommaso; Mihm, Maximilian; … - In: Theoretical economics : TE ; journal of the Econometric … 12 (2017) 2, pp. 621-654
Persistent link: https://www.econbiz.de/10011708509
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Rational inattention via ignorance equivalence
Armenter, Roc; Müller-Itten, Michèle; Stangebye, … - 2020
Persistent link: https://www.econbiz.de/10012372891
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Rational inattention via ignorance equivalence
Müller-Itten, Michèle; Armenter, Roc; Stangebye, … - 2021
Persistent link: https://www.econbiz.de/10012651412
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Rationally inattentive preferences and hidden information costs
Oliveira, Henrique de; Denti, Tommaso; Mihm, Maximilian; … - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 2, pp. 621-654
We show how information acquisition costs can be identified using observable choice data. Identifying information costs from behavior is especially relevant when these costs depend on factors-such as time, effort, and cognitive resources-that are difficult to observe directly, as in models of...
Persistent link: https://www.econbiz.de/10011705099
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Rational inattention in games : experimental evidence
Almog, David; Martin, Daniel - In: Experimental economics : a journal of the Economic … 27 (2024) 4, pp. 715-742
Persistent link: https://www.econbiz.de/10015196625