Altruistic Dynamic Pricing with Customer Regret
نویسندگان
چکیده
منابع مشابه
Altruistic Dynamic Pricing with Customer Regret
A model is considered where firms internalize the regret costs that consumers experience when they see an unexpected price change. Regret costs are assumed to be increasing in the size of price changes and this can explain why the size of price increases is less sensitive to inflation than in models with fixed costs of changing prices. The latter predict unrealistically large responses of price...
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ژورنال
عنوان ژورنال: Scandinavian Journal of Economics
سال: 2010
ISSN: 0347-0520
DOI: 10.1111/j.1467-9442.2010.01620.x