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As a common practice, various firms initially make information and access to their products/services scarce within a social network; identifying influential players that facilitate information dissemination emerges as a pivotal step for their success. In this paper, we tackle this problem using...
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In this paper, we consider a model with a monopoly firm who sells social goods sequentially to a group of customers in a network. We show that, with symmetric social interactions, the optimal pricing under arbitrary launch sequence is independent of customers' network positions, the launch...
Persistent link: https://www.econbiz.de/10012925004
We consider a network model where individuals exert efforts in two types of activities that are interdependent. These activities can be either substitutes or complements. We provide a full characterization of the Nash equilibrium of this game for any network structure. We show, in particular,...
Persistent link: https://www.econbiz.de/10012927672
We study pricing strategies of competing firms that sell heterogeneous products to consumers in a social network. Goods are substitutes and there are network externalities between neighboring consumers. We show that there exists a unique subgame-perfect equilibrium where, in the first stage,...
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In this paper, we examine the role of demand forecast information for price-setting newsvendors. In our model, the newsvendor faces stochastic demand that is price-sensitive, has the discretion of setting the retail price, and receives some informative signal that helps the quantity decision....
Persistent link: https://www.econbiz.de/10013211851
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