Social awareness and price competition
نویسندگان
چکیده
منابع مشابه
Promotion, Brand Awareness, and Price Competition in Large Online Markets
We study a model where retailers endogenously engage in both promotional advertising to attract loyal customers as well as informational advertising, which consists of deciding whether and what price to list on a price comparison site. We derive a symmetric subgame perfect equilibrium of the model and study the limiting properties of equilibrium prices, promotion, and listing decisions as the n...
متن کاملBrand Awareness and Price Competition in Online Markets
We study a model where retailers endogenously engage in both brand advertising to attract loyal customers as well as informational advertising, which consists of deciding whether and what price to list on a price comparison site. We derive a symmetric subgame perfect equilibrium of the model and show that endogenous branding does not eliminate equilibrium price dispersion in online markets, alt...
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A potential source of instability of many economic models is that agents have little incentive to stick with the equilibrium. We show experimentally that this may matter with price competition. The control variable is a price floor, which increases the cost of deviating from equilibrium. Theoretically the floor allows competitors to obtain higher profits, as low prices are excluded. However, be...
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We study the efficiency of oligopoly equilibria in a model where firms compete over capacities and prices. Our model economy corresponds to a two-stage game. First, firms choose their capacity levels. Second, after the capacity levels are observed, they set prices. Given the capacities and prices, consumers allocate their demands across the firms. We establish the existence of pure strategy oli...
متن کاملCompetition awareness
Advances in information and communication technologies (ICT) have dramatically changed the role of users and resulted in unprecedented rates of information generation and diffusion. On the one hand, many different types of sensors are being integrated with mobile communication devices. On the other hand, online social applications are proliferating. Together, these developments add to the heter...
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ژورنال
عنوان ژورنال: International Journal of Economic Theory
سال: 2015
ISSN: 1742-7355
DOI: 10.1111/ijet.12053