We address the question of designing dynamic menus to sell experience goods. A dynamic menu consists of a set of price-quantity pairs in each period. The quality of the product is initially unknown, and more information is generated through experimentation. The amount of information in the market is increasing in the total quantity sold in each period, and the …rm can control the information ‡o...

BACKGROUND The serum leptin level is elevated in patients undergoing peritoneal dialysis (PD) and associated with a loss of lean body mass. The nutritional status of PD patients may further be worsened following peritonitis. We investigated the association between hyperleptinaemia, inflammation and malnourishment in PD-related peritonitis. METHODS We conducted a prospective study on PD patien...

I study the optimal supply of ‡exible commitment devices to people who value both commitment and ‡exibility, and whose preferences exhibit varying degrees of time inconsistency. I …nd that, if time inconsistency is observable, then both a monopolist and a planner supply devices that enable each person to commit to the e¢ cient level of ‡exibility. If instead time inconsistency is unobservable, ...

Abstract The Association of American Feed Control Officials (AAFCO) is gathering information about the safety and efficacy hemp its derivatives as potential animal feedstuffs. Yearling rough-stock bulls (n = 38) were used in a randomized complete block design to evaluate effects hempseed meal (HSM) concentrate ingredient on growth, dry matter intake (DMI), efficiency. Bulls blocked by body weig...

A number of products that display positive network effects are used in variable quantities by heterogeneous customers. Examples include corporate operating systems, infrastructure software, web services and networking equipment. In many of these contexts, the magnitude of network effects are influenced by gross consumption, rather than simply by user base. Moreover, the value an individual cust...

a r t i c l e i n f o JEL classifications: D42 L11 L50 Keywords: Monopoly Third-degree price discrimination Endogenous market segmentation Parallel trade We consider the optimal market segmentation problem of a monopolist that faces a continuum of customers when it is costly to prevent resale (or parallel trade) among groups. In our framework, the monopolist chooses the number k ≥ 1 of market s...

a r t i c l e i n f o JEL classification: D42 F21 F22 O17 Keywords: Informal credit Formal credit Moneylender Foreign capital Emigration General equilibrium This paper makes an attempt to provide a theory of determination of interest rate in the informal credit market in a less developed economy in terms of a three-sector static deterministic general equilibrium model. There are two informal se...

a r t i c l e i n f o JEL classification: D42 Q40 C61 Keywords: Quantity instead of price strategies OPEC Dynamic Stochastic and convex demand Uncertainty This paper analyzes the optimal strategy of a monopoly facing stochastic and dynamic demand and choosing a Cournot-type strategy, more precisely, adjusting its output. This investigation is motivated by the decisions of OPEC to adjust its out...

This paper investigates the link between economic de-regulation–domestic as well as trade de-regulation–and firm-level productivity using two unique data sets. We use the industrial licensing regime in India (operating from the 1950s onwards) and its gradual relaxation during the 1980s and 1990s to test whether industrial de-regulation that leads to more competition domestically, affects firm-l...

1 Laveneziana P, Garcia G, Joureau B, et al. Dynamic respiratory mechanics and exertional dyspnoea in pulmonary arterial hypertension. Eur Respir J 2013; 41: 578–587. 2 Richter MJ, Voswinckel R, Tiede H, et al. Dynamic hyperinflation during exercise in patients with precapillary pulmonary hypertension. Respir Med 2012; 106: 308–313. 3 Naeije R. Lung mechanics and exertional dyspnea in pulmonary...