منابع مشابه
Strategic Obfuscation and Retail Pricing
Retailers often stock items that are only slightly di¤erentiated from othersdi¤erent sizes of a popular brand, or di¤erent avors in a common product line for instance. We argue that this practice is a form of strategic obfuscation, intended to raise consumer search costs, and margins on non-comparable products. We test our hypothesis using examples from several product categories in German a...
متن کاملStrategic Pricing in Online Auctions
As many authors have noted, the past decade has experienced a dramatic rise in the number and dollar value of commercial transactions conducted through internet-based auctions. EBay, arguably the largest of the internet auction sites, claimed 95 million registered users in 2003 accounting for a total transaction volume of $24 billion – a 60% increase from the previous year (eBay 2005). While th...
متن کاملStrategic Pricing through Revenue Management
Excerpt] Revenue management (RM) has been practiced in the airline (Smith, Leimkuhler,& Darrow, 1992),hotel (Hanks, Noland, & Cross, 1992),and car rental industries (Carroll & Grimes, 1995; Geraghty & Johnson, 1997) for over 15 years, and has more recently attracted attention in other industries, including broadcasting, golf (Kimes, 2000), health care (Born et al., 2004), and restaurants (Kimes...
متن کاملOnline Pricing with Strategic and Patient Buyers
We consider a seller with an unlimited supply of a single good, who is faced with a stream of T buyers. Each buyer has a window of time in which she would like to purchase, and would buy at the lowest price in that window, provided that this price is lower than her private value (and otherwise, would not buy at all). In this setting, we give an algorithm that attains O(T2/3) regret over any seq...
متن کاملInvestors' Distraction and Strategic Re-pricing Decisions
In this paper, I analyze re-pricing decisions for mutual fund management services. I derive measures of performance and price sensitivity and show that investors do not consider expense ratios simply as a negative component of expected returns: while performance sensitivity monotonically increases with past performance, price-sensitivity does not. Investors that buy top pastperformers seems to ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Econometrica
سال: 1996
ISSN: 0012-9682
DOI: 10.2307/2171959