Service and Price Competition When Customers Are Naive
نویسندگان
چکیده
منابع مشابه
Competition and Price Variation when Consumers Are Loss Averse
We introduce consumer loss aversion into the Salop (1979) model of price competition with differentiated products. Firms face uncertain costs of production, and after observing their own cost realizations simultaneously set prices. A consumer derives “gain-loss utility” from comparing the purchase price and her satisfaction with the acquired product to her recent expectations regarding the same...
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The regulated price policy may be implemented for some products. It is generally implemented for some products such as electricity, natural gas, water and so on that are supplied as monopolist. The regulated price shock on these products may lead to an adjustment in the endowments of primary factors. The aim of this paper is to investigate the effects of a regulated price shock on price indices...
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This research studies a case where there are two manufacturers producing competing products and selling them through a common retailer. The consumer demand depends on two factors: (1) retail price, and (2) service level provided by the manufacturer. Game-theoretic framework is applied to obtained the equilibrium solutions for every entities. This article studies and compares results from three ...
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ژورنال
عنوان ژورنال: Production and Operations Management
سال: 2012
ISSN: 1059-1478,1937-5956
DOI: 10.1111/j.1937-5956.2011.01304.x