Competition in the presence of individual demand uncertainty
نویسندگان
چکیده
منابع مشابه
Competition in the Presence of Individual Demand Uncertainty
This paper sheds light on an empirical controversy about the effect of competition on price discrimination. We propose a model in which consumers learn their preferences over time and show that firms offer advance purchase discounts. Consumers choose between an early (uninformed) purchase at a low price and a late (informed) purchase at a high price. Competing firms offer higher discounts to se...
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ژورنال
عنوان ژورنال: The RAND Journal of Economics
سال: 2016
ISSN: 0741-6261
DOI: 10.1111/1756-2171.12127