We introduce and analyze two-period intertemporal competitive dynamic pricing models in the presence of both store-switchers and store-loyal consumers who may be either myopic or strategic. Our analysis reveals that (i) in the presence of storeswitching consumers, retailers’ profits may increase with an increase in the patience level of the strategic consumers, which never happens when consumer...

We study how rationing in the public sector influences prices in the private sector. A private firm uses consumers’ cost information for cream-skimming. Only rationed consumers consider purchasing from the private firm. Rich consumers are more willing to pay for an indivisible good, such as a health treatment, than poor consumers. The public supplier decides on a rationing rule, and then the pr...

Background: Consumer ethical behavior has attracted much attention in recent years. However, most empirical research has focused on specific instances of ethical consumer behavior and ignored other ethical behaviors. This means a complete lack of understanding of the lifestyles of ethical consumers. In this article, while referring to the formation of ethical consumption, a full range of ethica...

Schooling raises individuals' scores on cognitive tests. It also raises individual earnings. What is the connection between these two facts? Many have interpreted the substantial economic returns to schooling as evidence for the importance of cognitive skills as a determinant of individual earnings. But skill enhancement is not the only way schooling a ects earnings. We shall argue that schooli...

Both oligopoly theory and experiments are concerned almost uniquely with sellers’ behavior. Buyers’ ability to exhibit non-trivial behavior in different market institutions remains unaddressed. This paper investigates the impact of three variables (number of buyers, surplus division at the market-clearing price and information revelation) on strategic and fairness-motivated demand withholding. ...

Procedures to divide a cake among n people with n-1 cuts (the minimum number) are analyzed and compared. For 2 persons, cut-and-choose, while envy-free and efficient, limits the cutter to exactly 50% if he or she is ignorant of the chooser’s preferences, whereas the chooser can generally obtain more. By comparison, a new 2person surplus procedure (SP’), which induces the players to be truthful ...

Purpose – The purpose of this paper is to point out the distinction between needs which marketing aims to satisfy, and the consumers’ true needs for their own health and safety. While marketing professionals might cite consumer satisfaction as serving consumers, they are mistaking marketing for morality. Design/methodology/approach – Gives reference to some articles of recent research literatur...

The present study aims to investigate the effect of ideal self-congruence, brand attachment and some personality factors on the negative behaviors of consumers such as compulsive buying, anti-brand actions, and trash talking. The research population was comprised of customers of four IT service brands including Samsung, HP, Sony, and Apple in Iran. Structural equation modeling approach and PLS ...