منابع مشابه
Dynamic Facility Location with Stochastic Demand
Determination of facilities, such as factories or warehouses, location and availability conditions is one of the important and strategic decisions for an organization to make. Transportation costs that form a major part of goods price are dependent to this decision making. There are verity of methods have been presented to achieve the optimal locations of these facilities which are generally de...
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This paper analyses dynamic pricing in markets with network externalities. Network externalities imply demand inertia, because the size of a network increases the usefulness of the product for consumers. Since past sales increase current demand, rms have an incentive to set low introductory prices to be able to increase prices as their networks grow. However, in reality we observe decreasing p...
متن کاملA Brief Discussion On Demand-Side Network Externalities
Network externalities exist when some people bear costs that they are not paid or compensated for, or when they get benefits that they do not pay for. Externalities may be positive or negative, depending on the effects they produce. There are also supply-side and demand-side network externalities. The paper discusses some aspects of demand-side network externalities, particularly when related t...
متن کاملCompetitive Externalities in Dynamic Monopolies with Stochastic Demand
This paper analyzes equilibria in sequential take-it-or-leave-it sales when demand is stochastic. It is shown that equilibria in this sales mechanism, unlike in sequential auctions, trade-off allocative efficiency and competing buyers’ opportunities to acquire an item to be sold, permitting prices and expected revenue above those of one-shot offers. Hence Coase-type conjectures are invalid in t...
متن کاملDiversity and demand externalities: How cheap information can reduce welfare1
Goods and services vary along a number of dimensions independently. Customers can choose to acquire information on the quality of some dimensions and not others. Their choices affect firms’ incentives to invest in quality and so lead to indirect externalities in consumers’ choices. We illustrate these ideas in a simple model with a monopolist selling a product with two characteristics, investme...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.2002302