Monopoly Versioning of Information Goods When Consumers Have Group Tastes
نویسندگان
چکیده
منابع مشابه
Versioning Information Goods
One prominent feature of information goods is that they have large fixed costs of production, and small variable costs of reproduction. Cost-based pricing makes little sense in this context; value-based pricing is much more appropriate. Different consumers may have radically different values for a particular information good, so techniques for differential pricing become very important. There a...
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Positive externalities characterize the consumption of a majority class of information goods and services such as software, e-mail, and online content and services including virtual communities. We show that network externality is critical for the market segmentation and product line decisions of an information goods seller. With externality, a monopoly of multiple existing products offers exac...
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Extended Abstract 1 INTRODUCTION
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In this paper, we develop a model of experience goods pricing with indepedent private valuations. We show that the optimal paths of sales and prices take qualitatively different shapes for different products. If the buyers are initially pessimistic, then the prices are declining over time. If the buyers are initially optimistic, then the optimal prices are initially low followed by higher price...
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Abstrac Information goods versioning is an essential and emerging topic of information goods pricing. Myriad researchers have devoted considerable attention to developing and testing methods in terms of versioning. Nevertheless, in addition; there are still certain shortcomings as the challenges to be overcome. This study encompasses the software maintenance concept (mean error rate) to develop...
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ژورنال
عنوان ژورنال: Production and Operations Management
سال: 2014
ISSN: 1059-1478
DOI: 10.1111/poms.12180