Statistical offices use the matched models method to compile consumer price indices (CPIs) to measure inflation. Price collectors record the prices of a sample of models or varieties of selected products existing in period t, and then continue to record the prices of these same matched models in subsequent periods t+n. The matched models method is designed to control for quality changes by ensu...

In recent years, coal price has risen rapidly, which has also brought a sharp increase in the expenditures of thermal power plants in China. Meantime, the power production price and power retail price have not been adjusted accordingly and a large number of thermal power plants have incurred losses. The power industry is a key industry in the national economy. As such, a thorough analysis and e...

We consider price competition models for oligopolistic markets, in which a significant part of the product or service price is paid by a third party, as a subsidy. The consumer is, therefore, impacted by the net price, defined as the difference between the nominal price and the subsidy, while the firms earn the full nominal price, partially paid by the subsidizing third party and the remainder ...

Consumer informedness plays a critical role in determining consumer choice in the presence of information technology (IT) deployed by competing firms in the marketplace. Using data collected through a series of stated choice experiments in two different research contexts, we examine how consumer characteristics and observed behaviors moderate the influence of price and product informedness on c...

e-commerce has made life simple and innovative of individuals and groups consumer behavior in online shopping is different from the physical market where he has access to see the product. the purpose of the research was to study the consumer behavior in online shopping of electronics especially in iran. primary data was collected through the questionnaire survey and by emails from personal cont...

The increased transparency of electronic channels is barely reflected in research investigating online consumer behaviour. To address this issue, we introduce two different types of price sensitivity: vendor-related and market-related price sensitivity. Price sensitivity is generally assumed to vary with product quality. While product quality is hard to discern for some product types, online co...

While consumer behavior and policy researchers have contributed to legislation and legal decisions for reference price advertising, there is hardly any research on how "other" external price information may impact the effects of reference prices and associated semantic cues. These issues are studied with two 3 x 2 x 2 experiments. Results of the first study indicate that consumer evaluations ar...

The Consumer Price Index (CPI) attempts to answer the question of how much more (or less) income does a consumer require to be as well off in period 1 as in period given changes in prices, changes in the quality of goods, and the introduction of new goods (or the disappearance of existing goods). The CPI has not attempted to estimate the effect of the introduction of new goods, despite the reco...