Hedonic Pricing under Uncertainty: A Theoretical Consumer Behavior Model

Retailer Pricing Strategy and Consumer Choice under Price Uncertainty SHAI

Assuming consumers choose retailers based on their average price perceptions, previous research examined how different retailer pricing strategies (frequent discounting, deep discounting and everyday low pricing) influence these perceptions. In these studies, participants typically viewed competing retailer's product prices over multiple trials that simulated multiple shopping occasions. Then, ...

Retailer Pricing Strategy and Consumer Choice under Price Uncertainty

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Signaling Virtue: Charitable Behavior Under Consumer Elective Pricing

Does Uncertainty Matter? Consumer Behavior under Three-Part Tariffs

In communication, information, and other industries, three-part tariffs are becoming increasingly popular. A three-part tariff is defined by an access price, a usage allowance, and a marginal price for any usage in excess of the allowance. The nonlinear-pricing literature has focused primarily on two-part tariffs. We show that consumer behavior differs under three-part tariffs, in particular re...

A Simple Theory of Asset Pricing under Model Uncertainty

The focus of our paper is on the implications of model uncertainty for the crosssectional properties of returns. We perform our analysis in the context of a tractable single-period mean-variance framework. We show that there is an uncertainty premium in equilibrium expected returns on financial assets and study how the premium varies across the assets. In particular, the cross-sectional distrib...

Responsive pricing under supply uncertainty