Customer‐Based Customization and Price Competition*
نویسندگان
چکیده
منابع مشابه
Product Customization and Price Competition on the Internet
The Internet provides an unprecedented capability for sellers to learn about their customers and offer custom products at special prices. In addition, customization is more feasible today because of advances in manufacturing technologies that have improved sellers’ manufacturing flexibility. We first develop a model of product customization and flexible pricing to incorporate the salient roles ...
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A potential source of instability of many economic models is that agents have little incentive to stick with the equilibrium. We show experimentally that this may matter with price competition. The control variable is a price floor, which increases the cost of deviating from equilibrium. Theoretically the floor allows competitors to obtain higher profits, as low prices are excluded. However, be...
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ژورنال
عنوان ژورنال: Journal of Industrial Economics
سال: 2022
ISSN: ['0022-1821', '1467-6451']
DOI: https://doi.org/10.1111/joie.12305