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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

Pricing when customers have limited attention

Boyacı, Tamer; Akçay, Yalçın - 2017 - Revised version

Persistent link: https://www.econbiz.de/10011586627

Investment, rational inattention, and delegation

Lindbeck, Assar; Weibull, Jörgen W. - 2017

We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...

Persistent link: https://www.econbiz.de/10011657490

Prepurchase information acquisition and credible advertising

Gardete, Pedro M.; Guo, Liang - In: Management science : journal of the Institute for … 67 (2021) 3, pp. 1696-1717

Persistent link: https://www.econbiz.de/10012506024

Mechanics of linear quadratic Gaussian rational inattention tracking problems

Fulton, Chad - 2017

This paper presents a general framework for constructing and solving the multivariate static linear quadratic Gaussian (LQG) rational inattention tracking problem. We interpret the nature of the solution and the implied action of the agent, and we construct representations that formalize how the...

Persistent link: https://www.econbiz.de/10011803264