Consumer Search And Price Discrimination Theory And Evidence From The United States Long Distance Market
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Consumer Search And Price Discrimination Theory And Evidence From The United States Long Distance Market
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Author :
language : en
Publisher:
Release Date : 2000
Consumer Search And Price Discrimination Theory And Evidence From The United States Long Distance Market written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.
Consumer Search And Price Discrimination
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Author : Carlos Alberto Arango
language : en
Publisher:
Release Date : 2000
Consumer Search And Price Discrimination written by Carlos Alberto Arango and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.
Competition And Price Dispersion In The U S Airline Industry
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Author : Severin Borenstein
language : en
Publisher: Franklin Classics Trade Press
Release Date : 2018-11-10
Competition And Price Dispersion In The U S Airline Industry written by Severin Borenstein and has been published by Franklin Classics Trade Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-10 with History categories.
This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Handbook Of Industrial Organization
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Author : Richard Schmalensee
language : en
Publisher: North Holland
Release Date : 1989-09-11
Handbook Of Industrial Organization written by Richard Schmalensee and has been published by North Holland this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-09-11 with Business & Economics categories.
Handbook of industrial organization/Schmalensee.-V.2.
Search Costs Demand Structure And Long Tail In Electronic Markets
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Author : Anindya Ghose
language : en
Publisher:
Release Date : 2014
Search Costs Demand Structure And Long Tail In Electronic Markets written by Anindya Ghose and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
It is well known that the Internet has significantly reduced consumers' search costs online. But relatively little is known about how search costs affect consumer demand structure in online markets. In this paper, we identify the impact of search costs on firm competition and market structure by exploring a unique theoretical insight that search costs create a kink in aggregate demand when firms change prices. The significance of the kink reflects the magnitude of online search costs and the kinked demand function provides information on how search costs affect competition in the online market. Using a dataset collected from Amazon and Barnes & Noble, we find that search costs vary significantly across online retailers. Consumers face low search costs for price information from Amazon.com. It leads to a higher price elasticity when the firm reduces prices than when it increases prices, increasing Amazon's incentive to engage in price competition. On the other hand, consumers face relatively higher search costs for price information from Barnes & Noble. This leads to a lower price elasticity when Barnes & Noble reduces prices than when it increases prices, reducing Barnes & Noble's incentive to engage in price competition. We also find that search costs decrease with the passage of time as the information about price changes dissipates among consumers, leading to increased price elasticity over time. Finally, we highlight that search costs are lower for popular books compared to rare and unpopular books. These findings have implications for the impact of the Internet on the Long Tail phenomenon.
A Model Of Price Promotions With Consumer Search
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Author : Jeffrey Banks
language : en
Publisher:
Release Date : 2000
A Model Of Price Promotions With Consumer Search written by Jeffrey Banks and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.
This paper presents a price discrimination model of price promotions with consumer search. There are two types of consumers differing in their reservation prices, and the consumers with the higher reservation price incur costs in searching for promotions. We consider two variants of the model, one where the seller is a monopolist in both segments of the market, and the other where the seller faces competition in the low reservation price segment. In equilibrium, consumers search decisions are based on their correct expectations about the frequency and depth of promotions, and the firm(s) promotional strategy correctly anticipates the search behavior it will generate. We show that even a monopolist will find it optimal to randomize his promotions in order to price discriminate more efficiently. With competition in the promotional market, the seller becomes more aggressive in his promotional policies, even more so as search costs increase. But the high reservation price consumers end up worse off compared to the monopoly. By distinguishing explicitly between promotions and regular prices, our approach provides a way to build a theory of the choice of promotion vehicles (e.g., coupons, mail-in-rebates, and shelf-price reductions).
Dissertation Abstracts International
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Author :
language : en
Publisher:
Release Date : 2006
Dissertation Abstracts International written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Dissertations, Academic categories.
Price Discrimination And Market Power
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Author : Shane Carbonneau
language : en
Publisher:
Release Date : 2004
Price Discrimination And Market Power written by Shane Carbonneau and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
If there is price discrimination, at least one of the prices is not equal to marginal cost. Therefore, if there is price discrimination, there must be market power. While this logic is sound, it has led many policy-makers to believe that price discrimination and market power are positively correlated. We present a model where measured price discrimination can be low while market power is high, and price discrimination can be high while market power is low, thus demonstrating that there is no theoretical connection between the strength of price discrimination and that of market power. We then present strong evidence that price discrimination is negatively correlated with market power in the US airlines industry.
Price Discrimination
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Author : United States. Congress. House. Select Committee on Small Business
language : en
Publisher:
Release Date : 1956
Price Discrimination written by United States. Congress. House. Select Committee on Small Business and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1956 with Price discrimination categories.
American Doctoral Dissertations
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Author :
language : en
Publisher:
Release Date : 2000
American Doctoral Dissertations written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Dissertation abstracts categories.