Journal ArticleDOI
Intertemporal Price Discrimination
TLDR
A comparison of the production costs of "pure" discrimination and positive production costs shows that the former is higher than the latter and the latter is lower.Abstract:
Presents a model that examines the behavior of a monopolist selling a new product. Factors that influence time as a medium for price discrimination; Example that assumes no production costs to illustrate that discrimination is the only motive for selling to different buyers at different dates at different prices; Introduction of positive costs of production to explore an alternative motive for inter temporal price variation. (Из Ebsco)read more
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Journal ArticleDOI
Dynamic Pricing in the Presence of Inventory Considerations: Research Overview, Current Practices, and Future Directions
TL;DR: In this paper, a review of the literature and current practices in dynamic pricing is presented, where the focus is on dynamic (intertemporal) pricing in the presence of inventory considerations.
Journal ArticleDOI
Optimal Pricing of Seasonal Products in the Presence of Forward-Looking Consumers
Yossi Aviv,Amit Pazgal +1 more
TL;DR: It is found that the seller cannot avoid the adverse impact of strategic consumer behavior even under low levels of initial inventory, and while the seller expects customers to be more concerned about product availability at discount time, he cannot use high-price “betting” strategies as he would in the case of low inventory and myopic customers.
Journal ArticleDOI
Inter-temporal Pricing with Strategic Customer Behavior
TL;DR: This paper develops a model of dynamic pricing with endogenous intertemporal demand and finds that strategic waiting by customers may sometimes benefit the seller: when low-value customers wait, they compete for availability with high- Value customers and thus increase their willingness to pay.
Book
Industrial Organization: Markets and Strategies
Paul Belleflamme,Martin Peitz +1 more
TL;DR: In this article, the authors present an up-to-date account of modern industrial organization that blends theory with real-world applications, including product bundling, branding strategies, restrictions in vertical supply relationships, intellectual property protection, and two-sided markets.
Journal ArticleDOI
Market segmentation, cannibalization, and the timing of product introductions
TL;DR: In this article, the authors show that sequential introduction is better than simultaneous introduction when cannibalization is a problem and customers are relatively more impatient than the seller, but when the seller cannot pre-commit, sequential selling is much less attractive because then he cannot use his product designs to alleviate cannibalization.