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This study examines how the structure of distribution channels may influence firms’ quality and price strategies and how they may in turn affect consumer welfare. It treats product quality as a decision variable so that the degree of product substitution becomes endogenous rather than...
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The consumption of digital content products (e.g., video games and live streaming) is often associated with multi-faceted, dynamically interacting consumer behavior that is subject to influence from pertinent external events. Inspired by these characteristics, we develop a novel attention-based...
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This paper examines the use of linear-pricing contracts as well as price-commitment policies in dynamic contracting of multiple-period, finite-time horizons. Two specific forms of price commitment are considered: one on the part of the retailer through retail-fixed-markup contracts and one on...
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