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Author : A. Jorge Padilla
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (133 download)
Download or read book Mixed Pricing Oligopoly in Markets with Consumer Switching Costs written by A. Jorge Padilla and published by . This book was released on 1990 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yang Yang
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)
Download or read book Managing Consumer Retention Via Pricing and Switching Cost Under Discrete Mixed Multinomial Logit Demand written by Yang Yang and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies dynamic pricing and switching cost game under discrete mixed multinomial logit (MMNL) demand. Competing firms can dynamically change prices and redesign their products to in- crease or decrease switching costs in each period to influence the repeat consumers' purchase behavior. Consumers are divided into segments according to their purchase history and incur a one-time switching cost when they switch to the other firm. We characterize the conditions for the existence of equilibrium in single- and multi-period games and identify a key driver for firm's pricing and switching cost strategies: the ”demand-SC relationship.” Our theoretical results formally document three effects of switching costs: the anti-monopoly effect of small switching costs that boosts price competition, the monopoly effect of large switching costs, and the investment effect for forward-looking firms under any switching costs. For the joint effect of the pricing and switching cost strategies, a case study from the smartphone market shows that investing in switching cost can significantly increase firms' profit in a market with relatively small switching costs. However, under relatively large switching costs, switching cost competition may turn into a ”Prisoner's Dilemma” game. Our results show that switching costs could be, ironically, beneficial to consumers and detrimental to firms. The analysis explains why and how proactively controlling consumer switching costs profoundly boosts firms' profitability. Our tractable framework can be used by firms operating in dynamic environments to devise their competitive pricing and switching cost strategies.
Author : Paul D. Klemperer
Publisher :
ISBN 13 :
Total Pages : 266 pages
Book Rating : 4.:/5 (123 download)
Download or read book Markets with Consumer Switching Costs written by Paul D. Klemperer and published by . This book was released on 1986 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Irina Suleymanova
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (118 download)
Download or read book Bertrand Competition in Markets with Network Effects and Switching Costs written by Irina Suleymanova and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yuval Shilony
Publisher :
ISBN 13 :
Total Pages : 154 pages
Book Rating : 4.:/5 (35 download)
Download or read book Mixed Pricing in Oligopoly written by Yuval Shilony and published by . This book was released on 1975 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mark Armstrong
Publisher : Elsevier
ISBN 13 : 008055184X
Total Pages : 943 pages
Book Rating : 4.0/5 (85 download)
Download or read book Handbook of Industrial Organization written by Mark Armstrong and published by Elsevier. This book was released on 2007-10-05 with total page 943 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is Volume 3 of the Handbook of Industrial Organization series (HIO). Volumes 1 & 2 published simultaneously in 1989 and many of the chapters were widely cited and appeared on graduate reading lists. Since the first volumes published, the field of industrial organization has continued to evolve and this volume fills the gaps. While the first two volumes of HIO contain much more discussion of the theoretical literature than of the empirical literature, it was representative of the field at that time. Since then, the empirical literature has flourished, while the theoretical literature has continued to grow, and this new volume reflects that change of emphasis.Thie volume is an excellent reference and teaching supplement for industrial organization or industrial economics, the microeconomics field that focuses on business behavior and its implications for both market structures and processes, and for related public policies.*Part of the renowned Handbooks in Economics series*Chapters are contributed by some of the leading experts in their fields*A source, reference and teaching supplement for industrial organizations or industrial economists
Author : Atilano Jorge Padilla
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.X/5 (2 download)
Download or read book Revisiting Dynamic Duopoly with Consumer Switching Costs written by Atilano Jorge Padilla and published by . This book was released on 1993 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Amarjyoti Mahanta
Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.:/5 (13 download)
Download or read book Price Competition in a Mixed Oligopoly Market written by Amarjyoti Mahanta and published by . This book was released on 2016 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several studies on mixed oligopoly indicate that the ownership pattern of firms does not affect the equilibrium price. This idea often suggests that ownership is irrelevant. In a mixed duopoly under price competition, firm ownership is irrelevant. This study reveals that ownership is irrelevant in a single publicly owned firm and in any positive number of privately owned firms. However, if two or more publicly owned firms exist, then ownership becomes relevant in a homogeneous good market with a strictly increasing convex cost schedule and a downward sloping demand curve. If firms set the price sequentially and if the lone public firm is a price leader, then social welfare is constantly greater than when the latter is a price follower. The unique price is the competitive price when the public firm moves first in the sequential game.
Author : Paul Klemperer
Publisher :
ISBN 13 :
Total Pages : 133 pages
Book Rating : 4.:/5 (641 download)
Download or read book Markets with Consumer Switching Costs written by Paul Klemperer and published by . This book was released on 1997 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Luís M. B. Cabral
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (793 download)
Download or read book Switching costs and equilibrium prices written by Luís M. B. Cabral and published by . This book was released on 2012 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Niklas Fourberg
Publisher :
ISBN 13 : 9783863042950
Total Pages : pages
Book Rating : 4.0/5 (429 download)
Download or read book Let's Lock Them In: Collusion Under Consumer Switching Costs written by Niklas Fourberg and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Patrick M. Emerson
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (123 download)
Download or read book Intermediate Microeconomics written by Patrick M. Emerson and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hans Degryse
Publisher : Oxford University Press, USA
ISBN 13 : 0195340477
Total Pages : 249 pages
Book Rating : 4.1/5 (953 download)
Download or read book Microeconometrics of Banking written by Hans Degryse and published by Oxford University Press, USA. This book was released on 2009 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title provides a compendium to recent work in empirical banking. It follows the structure in 'The Microeconomics of Banking' by Xavier Freixas and Jean Charles Rochet in arranging the relevant methodologies, applications and results to achieve a coherent synthesis between available theory and supporting empirics.
Author : Victor Orreste Stango
Publisher :
ISBN 13 :
Total Pages : 248 pages
Book Rating : 4.:/5 (55 download)
Download or read book Competition, Prices, and Consumer Interest Rate Sensitivity in the Credit Card Market written by Victor Orreste Stango and published by . This book was released on 1996 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Matthew Osborne
Publisher : BiblioGov
ISBN 13 : 9781289092177
Total Pages : 74 pages
Book Rating : 4.0/5 (921 download)
Download or read book Consumer Learning, Switching Costs, and Heterogeneity written by Matthew Osborne and published by BiblioGov. This book was released on 2013-06 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: I formulate an econometric model of consumer learning and experimentation about new products in markets for packaged goods that nests alternative sources of dynamics. The model is estimated on household level scanner data of laundry detergent purchases, and the results suggest that consumers have very similar expectations of their match value with new products before consumption experience with the good, but once consumers have learned their true match values they are very heterogeneous. I demonstrate that resolving consumer uncertainty about the new products increases market shares by 24 to 58%. The estimation results also suggest significant switching costs: removing switching costs increases new product market shares by 12 to 23%. Using counterfactual computations derived from the estimates of the structural demand model, I demonstrate that the presence of switching costs with learning changes the implications of the standard empirical learning model: the intermediate run impact of an introductory price cut on a new product's market share is significantly greater when the only source of dynamics is switching costs as opposed to when both learning and switching costs are present, which suggests that firms should combine price cuts with introductory advertising or free samples to increase their impact.
Author : Mark Armstrong
Publisher :
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.:/5 (111 download)
Download or read book Patterns of Competitive Interaction written by Mark Armstrong and published by . This book was released on 2019 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: We explore patterns of competitive interaction by studying mixed-strategy equilibrium pricing in oligopoly settings where consumers vary in the set of suppliers they consider for their purchase. In the case of "nested reach" we find equilibria, unlike those in existing models, in which price competition is segmented: small firms offer only low prices and large firms only offer high prices. We characterize equilibria in the three-firm case using correlation measures of competition between pairs of firms. We then contrast them with equilibria in the parallel model with capacity constraints. A theme of the analysis is how patterns of consumer consideration matter for competitive outcomes.
Author : Tore Nilssen
Publisher :
ISBN 13 :
Total Pages : 18 pages
Book Rating : 4.:/5 (753 download)
Download or read book Two Kinds of Consumer Switching Costs written by Tore Nilssen and published by . This book was released on 1990 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
