Author: Gary BiglaiserPublisher:
ISBN:
Category : Competition, Imperfect
Languages : en
Pages : 43
Book Description
Dynamic Price Competition with Capacity Constraints and Strategic Buyers
Author: Gary BiglaiserPublisher:
ISBN:
Category : Competition, Imperfect
Languages : en
Pages : 43
Book Description
Dynamic Price Competition with Capacity Constraints and a Strategic Buyer
Author: James AntonDynamic Price Cometition with Capacity Constraints and Strategic Buyers
Author: Gary BiglaiserDynamic Pricing with Capacity Constraints, Strategic Buyers and Uncertain Demand
Author: Dynamic Price Competition, Learning-By-Doing and Strategic Buyers
Author: Andrew SweetingPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
We generalize recent models of dynamic price competition where sellers benefit from learning-by-doing by allowing for long-lived strategic buyers, with a single parameter capturing the extent to which each buyer internalizes future buyer surplus. Many of the equilibria that exist when buyers are atomistic or myopic are eliminated when buyers internalize even a modest share of their effects on future surplus. The equilibria that survive tend to be those where long-run market competition is preserved.
Capacity-constrained Price Competition when Unit Costs Differ
Author: Raymond DeneckerePublisher:
ISBN:
Category : Competition
Languages : en
Pages : 94
Book Description
Dynamic Price Competition, Briefly Sunk Costs, and Entry Deterrence
Author: Sally M. DaviesPublisher:
ISBN:
Category : Barriers to entry (Industrial organization)
Languages : en
Pages : 56
Book Description
Spatial Competition and Price Discrimination with Capacity Constraints
Author: Matthias HunoldPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
We characterize mixed-strategy equilibria when capacity constrained suppliers can charge location-based prices to different customers. We establish an equilibrium with prices that weakly increase in the costs of supplying a customer. Despite prices above costs and excess capacities, each supplier exclusively serves its home market in equilibrium. Competition yields volatile market shares and an inefficient allocation of customers to firms. Even ex-post cross-supplies may restore efficiency only partly. We show that consumers may benefit from price discrimination whereas the the firms make the same profits as with uniform pricing. We use our findings to discuss recent competition policy cases and provide hints for a more refined coordinated-effects analysis.
Dynamic Price Competition with Fixed Capacities
Author: Víctor Martínez-de-AlbénizPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Handbook of Pricing Research in Marketing
Author: Vithala R. RaoPublisher: Edward Elgar Publishing
ISBN: 1848447442
Category : Business & Economics
Languages : en
Pages : 617
Book Description
Pricing is an essential aspect of the marketing mix for brands and products. Further, pricing research in marketing is interdisciplinary, utilizing economic and psychological concepts with special emphasis on measurement and estimation. This unique Handbook provides current knowledge of pricing in a single, authoritative volume and brings together new cutting-edge research by established marketing scholars on a range of topics in the area. The environment in which pricing decisions and transactions are implemented has changed dramatically, mainly due to the advent of the Internet and the practices of advance selling and yield management. Over the years, marketing scholars have incorporated developments in game theory and microeconomics, behavioral decision theory, psychological and social dimensions and newer market mechanisms of auctions in their contributions to pricing research. These chapters, specifically written for this Handbook, cover these various developments and concepts as applied to tackling pricing problems. Academics and doctoral students in marketing and applied economics, as well as pricing-focused business practitioners and consultants, will appreciate the state-of-the-art research herein.