Best Prices: Price Discrimination and Consumer Substitution
نویسندگان
چکیده
منابع مشابه
Multimarket Contact, Price Discrimination and Consumer Welfare
This paper investigates the extent to which ...rms choose multimarket contact when there is no possibility of consumer or producer arbitrage across the relevant markets. The degree of multimarket contact is shown to be greater when ...rms o¤er distinctive products and when setup costs are low. Price discrimination increases multimarket contact, bene...tting consumers but harming ...rms. There a...
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We analyze the profitability of third degree price discrimination under consideration of consumers’ fairness concerns within an experiment and explain the results within a theoretical framework. We find that with an increase in the price differential negative reciprocal reactions by disadvantaged consumers become stronger compared to positive reciprocal reactions by advantaged consumers. Conseq...
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We study endogenous currency substitution in a decentralized trade environment. Sellers maximize profits from sales of imperfectly substitutable goods by posting prices in either one of two currencies. A unique symmetric equilibrium exists where goods are priced only in the local currency. This occurs if foreign trade is sporadic, there is sufficient but not excessive liquidity, and discounting...
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The working papers published in the Series constitute work in progress circulated to stimulate discussion and critical comments. Views expressed represent exclusively the authors' own opinions and do not necessarily reflect those of the editors.
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ژورنال
عنوان ژورنال: American Economic Journal: Economic Policy
سال: 2019
ISSN: 1945-7731,1945-774X
DOI: 10.1257/pol.20150362