We experimentally examine the effects of price competition in markets for expe-rience goods where sellers can build up … reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed … prices are fixed or endoge-nously chosen, we find that price competition lowers efficiency as consumers pay too little …

We experimentally examine the effects of price competition in markets for experience goods where sellers can build up … reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed … prices are fixed or endogenously chosen, we find that price competition lowers efficiency as consumers pay too little …

In many markets, the price of a good or service is flexible. Buyers can either buy at the posted price or attempt to … negotiate a lower price. A seller's decision about whether to allow flexible prices and subsequent outcome in these types of … flexible price markets depends, in large part, on buyer behavior. Furthermore, these markets are likely to feature substantial …

Electronic shelf label (ESL) is an emerging price display technology around the world. While these new technologies … in material, labor and managerial costs. The presumed benefits of ESL, for example, tend to be focused around lower price … adjustment costs (PAC), also known as menu costs. However, ESL not only can save PAC but may also enable the retailer to price …

For the price-setting newsvendor and general forms of uncertainty, the optimal price and mark-up can be characterized …

lock up as a collateral. In this setting we find the equilibrium token price, number of miners participating in the system …

We experimentally examine the effects of price competition in markets for expe-rience goods where sellers can build up … reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed … prices are fixed or endoge-nously chosen, we find that price competition lowers efficiency as consumers pay too little …

We experimentally examine the effects of price competition in markets for expe-rience goods where sellers can build up … reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed … prices are fixed or endoge-nously chosen, we find that price competition lowers efficiency as consumers pay too little …

price above the oligopoly price and below the monopoly price. The effect in monopolies is more or less in line with standard … intuition. As price falls volume increases and so does quality, such that overall efficiency is raised by 50%. However, quite in …

price above the oligopoly price and below the monopoly price. The effect in monopolies is more or less in line with standard … intuition. As price falls volume increases and so does quality, such that overall efficiency is raised by 50%. However, quite in …