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Ketelaar, Felix; Szalay, Dezso - C.E.P.R. Discussion Papers - 2014

We study a tractable two-dimensional model of price discrimination. Consumers combine a rigid with a more flexible choice, such as choosing the location of a house and its quality or size. We show that the optimal pricing scheme involves no bundling if consumer types are affiliated. Conversely,...

Persistent link: https://www.econbiz.de/10011145402

Price Discrimination in Markets for Experts' Services

Dulleck, Uwe; Kerschbamer, Rudolf - C.E.P.R. Discussion Papers - 2003

This Paper studies the consequences of price discrimination in a market for experts’ services. In the case of experts markets, where the expert observes the intervention that a consumer needs to fix his problem and also provides a treatment, price discrimination proceeds along the dimension of...

Persistent link: https://www.econbiz.de/10005504480

Barter For Price Discrimination?

Guriev, Sergei; Kvassov, Dmitry - C.E.P.R. Discussion Papers - 2000

Unprecendented growth of barter is a striking phenomenon of Russia's transition. The explanations of barter include tight monetary policy, tax evasion and poor financial intermediation. We show that the market power may also be important. We build a model of imperfect competition in which firms...

Persistent link: https://www.econbiz.de/10005504640

A Structural Econometric Model of Price Discrimination in the Mortgage Lending Industry

Gary-Bobo, Robert J.; Larribeau, Sophie - C.E.P.R. Discussion Papers - 2002

determines loan sizes and interest rates simultaneously. A competitive and a discriminating monopoly version of the model are … discriminating monopoly maximizes profits under a borrower participation constraint, reflecting the availability of a rental market … monopoly model estimates show that the borrowers' price-elasticity of demand for housing varies with occupational status, and …

Persistent link: https://www.econbiz.de/10005497738

Selling to Consumers with Endogenous Types

Boone, Jan; Shapiro, Joel - C.E.P.R. Discussion Papers - 2006

For many goods (such as experience goods or addictive goods), consumers' preferences may change over time. In this paper, we examine a monopolist's optimal pricing schedule when current consumption can affect a consumer's valuation in the future and valuations are unobservable. We assume that...

Persistent link: https://www.econbiz.de/10005497874

Exclusionary Pricing and Rebates When Scale Matters

Karlinger, Liliane; Motta, Massimo - C.E.P.R. Discussion Papers - 2007

We consider an incumbent firm and a more efficient entrant, both offering a network good to several asymmetric buyers. The incumbent disposes of an installed base, while the entrant has a network of size zero at the outset, and needs to attract a critical mass of buyers to operate. We analyze...

Persistent link: https://www.econbiz.de/10005497963

Discount Pricing

Armstrong, Mark; Chen, Yongmin - C.E.P.R. Discussion Papers - 2013

We investigate the marketing practice of framing a price as a discount from an earlier price. We discuss two reasons why a discounted price---rather than a merely low price---can make a consumer more willing to purchase. First, a high initial price can indicate the product is high quality....

Persistent link: https://www.econbiz.de/10011083448

Competitive Screening under Heterogeneous Information

Garrett, Daniel; Gomes, Renato; Maestri, Lucas - C.E.P.R. Discussion Papers - 2014

intensity, from perfect competition to monopoly. …

Persistent link: https://www.econbiz.de/10011084418

The Pricing of Art and the Art of Pricing: Pricing Styles in the Concert Industry

Courty, Pascal; Pagliero, Mario - C.E.P.R. Discussion Papers - 2012

We document the existence of pricing styles in the concert industry. Artists differ in the extent to which they rely on second- and third-degree price discrimination and in how likely they are to sell out concerts. Most strikingly, artists who use multiple seating categories are more likely to...

Persistent link: https://www.econbiz.de/10011084535

A Dynamic Model of Price Discrimination and Inventory Management at the Fulton Fish Market

Graddy, Kathryn; Hall, George - C.E.P.R. Discussion Papers - 2009

We estimate a dynamic profit-maximization model of a fish wholesaler who can observe consumer characteristics, set individual prices, and thus engage in third-degree price discrimination. Simulated prices and quantities from the model exhibit the key features observed in a set of high quality...

Persistent link: https://www.econbiz.de/10005036234