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A Welfare Assessment of Revenue Management Systems
Dupuis, Nicolas; Ivaldi, Marc; Pouyet, Jérôme - C.E.P.R. Discussion Papers - 2015
this model computationally and recover the optimal pricing strategies. We find that revenue management is welfare enhancing …
Persistent link: https://www.econbiz.de/10011165643
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The Dynamic Assignment of Heterogenous Objects: A Mechanism Design Approach
Gershkov, Alex; Moldovanu, Benny - C.E.P.R. Discussion Papers - 2007
We study the allocation of several heterogenous, commonly ranked objects to impatient agents with privately known characteristics who arrive sequentially according to a Poisson or renewal process. We analyze and compare the policies that maximize either welfare or revenue. We focus on two cases:...
Persistent link: https://www.econbiz.de/10005789155
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Resource rents; when to spend and how to save
Venables, Anthony J - C.E.P.R. Discussion Papers - 2010
Countries with substantial revenues from renewable resources face a complex range of revenue management issues. What is the optimal time profile of consumption from the revenue, and how much should be saved? Should saving be invested in foreign funds or in the domestic economy? How does...
Persistent link: https://www.econbiz.de/10008468644
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To Charge or Not to Charge: Evidence from a Health Products Experiment in Uganda
Fischer, Greg; Karlan, Dean S.; McConnell, Margaret; … - C.E.P.R. Discussion Papers - 2014
Pricing policy for any experience good faces a key tradeoff. On one hand, a price reduction increases immediate demand … model combining the learning aspect of experience goods with reference-dependent preferences, we setup a field experiment in … Northern Uganda in which three health products differing in their scope for learning were initially offered either for free or …
Persistent link: https://www.econbiz.de/10011083717
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Bargaining under the Illusion of Transparency
Madarász, Kristóf - C.E.P.R. Discussion Papers - 2015
An uninformed seller offers an object to a privately informed buyer. The buyer projects information and exaggerates the probability that the seller is informed. Letting the buyer bargain and name her own price raises the seller's payoff above the full-commitment payoff. Under seller-offer...
Persistent link: https://www.econbiz.de/10011168901
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Strategic Pricing and Entry under Universal Service and Cross-Market Price Constraints
Anton, James J; Weide, James H Vander; Vettas, Nikolaos - C.E.P.R. Discussion Papers - 1998
In this paper, we examine how cross-market price restrictions impact strategic entry and pricing decisions. A …
Persistent link: https://www.econbiz.de/10005792026
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Markets: The Fulton Fish Market
Graddy, Kathryn - C.E.P.R. Discussion Papers - 2006
Centralized markets with large numbers of buyers and sellers are generally thought of as being competitive and well-functioning. However, an important role of centralized markets is matching heterogeneous products, such as fish, to buyers of these products. The high level of differentiation in...
Persistent link: https://www.econbiz.de/10005136669
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Payment Evasion
Buehler, Stefan; Halbheer, Daniel; Lechner, Michael - C.E.P.R. Discussion Papers - 2015
This paper models payment evasion as a source of profit by letting the firm choose the purchase price and the fine imposed on detected payment evaders. For a given price and fine, the consumers purchase, evade payment, or choose the outside option. We show that payment evasion leads to a form of...
Persistent link: https://www.econbiz.de/10011276378
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Self-Control, Moderate Consumption and Craving
Carrillo, Juan D - C.E.P.R. Discussion Papers - 1998
policy implications. Last, applications of this theory to other issues such as self-knowledge, willpower and habit formation …
Persistent link: https://www.econbiz.de/10005504250
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Keeping Up With the Joneses: Competition and the Evolution of Collusion in an Oligopolistic Economy
Dixon, Huw David - C.E.P.R. Discussion Papers - 1998
An economy consists of many duopolistic markets. Firms must earn normal profits in the long run if they are to survive. Normal profits are interpreted as the long-run limit of average profits in the whole economy. We adopt the aspiration based model of firm behaviour, and link it to the economy...
Persistent link: https://www.econbiz.de/10005504330