Intertemporal Price Discrimination In Storable Goods Markets
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Intertemporal Price Discrimination In Storable Goods Markets
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Author : Igal Hendel
language : en
Publisher:
Release Date : 2011
Intertemporal Price Discrimination In Storable Goods Markets written by Igal Hendel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Economics categories.
Abstract: We study intertemporal price discrimination when consumers can store for future consumption needs. To make the problem tractable we offer a simple model of demand dynamics, which we estimate using market level data. Optimal pricing involves temporary price reductions that enable sellers to discriminate between price sensitive consumers, who anticipate future needs, and less price-sensitive consumers. We empirically quantify the impact of intertemporal price discrimination on profits and welfare. We find that sales: (1) capture 25-30% of the profit gap between non-discriminatory and third degree price discrimination profits, and (2) increase total welfare
Intertemporal Price Discrimination And Competition
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Author : Ralph C. Bayer
language : en
Publisher:
Release Date : 2006
Intertemporal Price Discrimination And Competition written by Ralph C. Bayer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Competition categories.
In this study we investigate the impact of competition on markets for non-durable goods where intertemporal price discrimination is possible. We develop a simple model of different potential scenarios for intertemporal price discrimination and implement it in a laboratory experiment. We compare the outcomes in monopolies and duopolies. Surprisingly, we find that competition does not necessarily prevent intertemporal price discrimination, as our model predicts. However, competition generally reduces sales prices, but by far less than theory predicts. As expected, competition increases efficiency.
Intertemporal Price Discrimination In A Congested Market
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Author :
language : en
Publisher:
Release Date : 2023
Intertemporal Price Discrimination In A Congested 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 2023 with categories.
The Micro Foundations Of Intertemporal Price Discrimination
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Author : Teow Hock Koh
language : en
Publisher:
Release Date : 2005
The Micro Foundations Of Intertemporal Price Discrimination written by Teow Hock Koh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Price discrimination categories.
Investigates the optimality of intertemporal price discrimination for a durable-good monopoly in a model where infinitely-lived households face an intertemporal budget constraint and consume both durable goods and non-durable goods.
Intertemporal Price Quality Discrimination And The Coase Conjecture
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Author : Praveen Kumar
language : en
Publisher:
Release Date : 2003
Intertemporal Price Quality Discrimination And The Coase Conjecture written by Praveen Kumar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
We examine time-consistent intertemporal price and quality discrimination by a durable goods monopolist facing a continuum of rational buyers with heterogeneous preferences over product quality. We focus the analysis on the "gap" case, where it is profitable for the monopolist to trade with the marginal buyer in the market. We show that along every subgame perfect equilibrium path, with probability one, prices and qualities decline over time, and the market is completely and monotonically depleted according the buyers' demand-intensity for quality in a finite number of offers. However, unlike the fixed quality literature, the monopolist may randomize over price-quality offers along the equilibrium path. We also show that the Coase conjecture continues to be valid here, but in a form that is significantly different from the usual formulation. In the limit, as the time between offers evaporates, the monopolist makes a continuum of offers and perfectly screens the market. However, he effectively can not price-discriminate, since the equilibrium profits are the complete "pooling" profits that would be made if the entire market had the marginal buyer's valuation.
Intertemporal Price Discrimination With Multiple Products
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Author : Jean-Charles Rochet
language : en
Publisher:
Release Date : 2017
Intertemporal Price Discrimination With Multiple Products written by Jean-Charles Rochet and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Monopolies categories.
We study the multiproduct monopoly profit maximisation problem for a seller who can commit to a dynamic pricing strategy. We show that if consumers' valuations are not strongly-ordered then optimality for the seller requires intertemporal price discrimination and it can be implemented by dynamic pricing on the cross-sell to the bundle. If consumers are perfectly negatively correlated, reducing the cross-sell price at a single point in time is optimal. For general valuations we show that if the cross-partial derivative of the profit function is negative then dynamic pricing on the cross-sell is more profitable than fixing prices. So we show that the celebrated Stokey (1979) no-discrimination-across-time result does not extend to multiple good sellers when consumers' valuations are drawn from the tilted uniform, the shifted uniform, the exponential, or the normal distribution. We extend our results to welfare, to complementarities in demand, and to the determination of optimal discount schedules.
Intertemporal Price Discrimination In Frictionless Durable Goods Monopolies
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Author : Kai-Uwe Kühn
language : en
Publisher:
Release Date : 1996
Intertemporal Price Discrimination In Frictionless Durable Goods Monopolies written by Kai-Uwe Kühn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Price discrimination categories.
Intertemporal Price Discrimination And Sticky Prices
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Author : Louis Phlips
language : en
Publisher:
Release Date : 1977
Intertemporal Price Discrimination And Sticky Prices written by Louis Phlips and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with categories.
Intertemporal Price Discrimination
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Author : Peter J. McGoldrick
language : en
Publisher:
Release Date : 1997
Intertemporal Price Discrimination written by Peter J. McGoldrick and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Economics categories.
Access Price Regulation And Price Discrimination In Intermediate Goods Markets
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Author : Claudia Salim
language : en
Publisher:
Release Date : 2007
Access Price Regulation And Price Discrimination In Intermediate Goods Markets written by Claudia Salim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.