‘Subjective’ price search and price competition
نویسندگان
چکیده
منابع مشابه
Price competition, Sequential Search and Sellers’ rationality
We consider a sequential search model with two types of consumers: (‘high cost’s) consumers who incur a positive search cost at each visit and informed consumers who visit all the firms at no cost. The objective is to compare Nash market predictions with a market with adaptive sellers using reinforcement learning. Simulation Results show that Reinforcement Learning never converges to Nash equil...
متن کاملPrice Floors and Competition
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...
متن کاملPrice and capacity competition
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 کاملPrice Competition and Endogenous Valuation in Search Advertising
Vol. XLVIII (June 2011), 566 –586 Lizhen Xu is a doctoral candidate, Red McCombs School of Business, The University of Texas at Austin (e-mail: [email protected]. utexas. edu) and will join College of Management, Georgia Institute of Technology as Assistant Professor of Information Technology Management. Jianqing Chen is Assistant Professor, School of Management, The University of Texas at ...
متن کاملprice competition in California
Critics of health care reform proposals that incorporate managed competition contend that it has never been broadly implemented. However, insurance plans that combine insurance with the provision of care have been widely implemented and have been tested most extensively in California. This DataWatch explores California’s experience with health maintenance organizations (HMOs) and preferred prov...
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: International Journal of Industrial Organization
سال: 1986
ISSN: 0167-7187
DOI: 10.1016/0167-7187(86)90023-8