منابع مشابه
Imitation by price and quantity setting
We study the evolution of imitation behaviour in a differentiated market where firms are located equidistantly on a (Salop) circle. Firms choose price and quantity simultaneously, leaving open the possibility for non-market clearing outcomes. The strategy of the most successful firm is imitated. Behaviour in the stochastically stable outcome depends on the level of market differentiation and co...
متن کاملGrocery Price Setting and Quantity Surcharges
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متن کاملEmpirical Analysis of Price Setting and Quantity Surcharges in the German Food Sector
This study examined the incidence and determinants of quantity price discounts and quantity price surcharges in the German food sector through a bivariate probit, using recent consumer scanner survey data. Selectivity bias was corrected for in estimating the degree of quantity price surcharge and quantity price discount, using Heckman’s procedure. The findings reveal that almost 10% of the inve...
متن کاملSetting price or quantity: Depends on what the seller is more uncertain about
We consider a seller with uncertain demand for its product. If the demand curve were certain, then setting price and setting quantity would be equivalent ways to frame the seller’s problem of choosing a profit-maximizing point on its demand curve. With uncertain demand, these become distinct sales mechanisms. We distinguish between uncertainty about the market size and uncertainty about the con...
متن کاملExact and Superlative Price and Quantity Indicators
The traditional economic approach to index number theory is based on a ratio concept. The Konüs true cost of living index is a ratio of cost functions evaluated at the same utility level but with the prices of the current period in the cost function that appears in the numerator and the prices of the base period in the denominator cost function. The Allen quantity index is also a ratio of cost ...
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ژورنال
عنوان ژورنال: Journal of Mathematical Economics
سال: 1988
ISSN: 0304-4068
DOI: 10.1016/0304-4068(88)90009-2