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A contract with -class pricing divides a large set of goods or services into classes and assigns a single price to any … costly pricing. My analysis suggests that class pricing is more likely to be used when the number of buyers is smaller, the …
Persistent link: https://www.econbiz.de/10008789743
can be profitably customized at the store-level, rather than adopting a uniform pricing policy across all stores … neighborhood stores. A basis for these customized pricing strategies is the result of differences in interbrand competition across … upon everyday pricing is driven by its importance in the marketing mix, that most profits are earned on products sold at …
Persistent link: https://www.econbiz.de/10008789750
. Specifically, we consider optimal pricing and whether the firm should offer an unexpected frill to early customers to enhance their …
Persistent link: https://www.econbiz.de/10008789756
Cross-brand pass-through implies that a retailer responds to wholesale promotional support from a target brand by changing the retail prices of competitive brands. Besanko et al. (2005) model a target brand's retail price as a function of its own and other brands' wholesale prices using 780...
Persistent link: https://www.econbiz.de/10008789771
Although there has been a good deal of research on incorporating the effects of reference price formation into empirical models of consumer buying behavior, little formal theoretical work had been undertaken to date. This paper incorporates reference price effects into the traditional economic...
Persistent link: https://www.econbiz.de/10008789797
Suivant la feuille de route tracée par Joan Robinson, nous avons construit un modèle d'économie monétaire de production avec monnaie endogène, peuplé d'agents hétérogènes, autonomes et concurrents. Dans ce papier, on se propose de relâcher l'hypothèse d'entreprises orientées vers la...
Persistent link: https://www.econbiz.de/10008792101
I analyze a duopoly that competes first in product characteristics and then in prices. I show that when there exist consumers that are loyal to specific brands with no regard for product characteristics, the second-stage price game doesn’t have a pure-strategy equilibrium or symmetric...
Persistent link: https://www.econbiz.de/10008670492
The use of collateral has become one of the most widespread risk mitigation techniques. While it brings stabilizing effects to the individual lender we argue that it may exacerbate systemic risk through margin call activation. We show how a liquidity shock to the cash lender may propagate as a...
Persistent link: https://www.econbiz.de/10008671292
Recent developments and reforms in the Russian payments system are discussed from the perspective of their impact on monetary policy. The large and highly variable payment float in the balance sheet of the Central Bank of Russia has complicated the conduct of monetary policy. However, reforms in...
Persistent link: https://www.econbiz.de/10008671310
Structuralist and post Keynesian models differ in their assumptions about firms’ investment behavior and pricing … variables are consistent with the Kaldorian model. The Kaleckian investment function and the Robinsonian pricing behavior find …
Persistent link: https://www.econbiz.de/10008672005