Price ranges from fed cattle negotiated cash sales

Housing Price, Land Supply and Revenue from Land Sales

In a recen t study, Peng and Wheaton empirically exam ine the effect of restricti ve land supply on Hong Kong house prices. However, we argue that the impact of the supply of new land by the Hong Kong government is not as important as they maintain in accounting for the volatile house prices in Hong Kong. We show that there is no causal relation ship between land supply and housing prices. Our ...

Do Price Ranges Increase Click-throughs?

An important goal of online comparison shopping services is to “convert” a viewer from general product category pages (for example product groups such as “smartphones” or “air-conditioners”) to detailed product pages and ultimately to order pages. Comparison shopping websites provide a familiar web interface as well as a chance for consumers to purchase items at competitive prices. In return fo...

Search frictions and market power in negotiated price markets∗

This paper provides a framework for the empirical analysis of negotiated-price markets in which buying is single-source. These markets pose a challenge for empirical work since, although buyers potentially negotiate with many sellers, data-sets typically include only accepted offers. Moreover, negotiated-price markets feature search frictions, since consumers incur a cost to gather quotes, and ...

A Simultaneous Model of Consumer Brand Choice and Negotiated Price

Loss Aversion , Price Stability , and Sales ∗

A large body of experimental evidence suggests that people are loss averse. Inspired by this evidence, we develop a model in which a monopolist sells to loss averse, yet rational, consumers. We first introduce (portable) techniques for analyzing the demand of such consumers, and then investigate the monopolist's pricing strategy. In contrast to the standard monopoly model, we find that in relat...