This paper analyzes an infinite-period oligopoly model where consumers incur costs when switching supplier. Every period only a fraction α of consumers considers switching. Firms can price-discriminate between their current customers and consumers who did not buy from the firm in the past period. In this setting, firms set relatively low introductory prices to attract new consumers. Contrary to...

In recent years, the price of small agricultural products has both plummeted and skyrocketed, which a great impact on people’s lives. Studying factors affecting fluctuation is significance for stabilizing their price. With development application social media, farmers consumers are more greatly influenced by online public opinion, resulting in irrational planting behavior or purchasing behavior...

The paper assesses the welfare effects of different ways of allocating input price risk between a regulated utility, consumers and speculators in a futures market. A risk-averse utility setting a fixed retail price requires a price that exceeds expected marginal cost, unless an efficient futures market is available. The firm bears no risk when input price risk is transferred to consumers, but c...

the main objective of this study is to investigate the comparative advantage for sugar beet production in iran. sugar beet is one of the main crops which is considered as an important resource for energy supply. the importance of sugar beet (as a sugar source) in iranian household food basket, price fluctuation and consumers' demand for sugar beet, social profitability and the impact of go...

This paper studied the correlative fluctuation between two different futures markets, and developed an analysis system on .net platform to realize the prediction of price fluctuation. In this system, we explored the computing technology with mathematical programming language R, and integrated it with .net platform, thereof making the calculation precise and convenient. Test by this system has s...

The aim of this paper was investigating the effects of organic knowledge, perceived consequences, subjective norms,price, and green trust, perceived consumer effectiveness, availability, relative advantage, and organic purchase intention on organic purchase behavior among Iranian consumers as the consumers in a developing country.The survey questionnaire was administered to the customers of lar...

We model firm pricing given consumers follow simple reservation price rules. Such reservation rules are rational when consumers are sufficiently impatient. The equilibrium exhibits price dispersion in pure strategies, with lower price firms earning higher profits. The range of price dispersion increases with the number of firms: the highest price is the monopoly one, while the lowest price tend...

Purpose – The purpose of this paper is to examine how consumers respond differently to “scratch and save (SAS)” promotions versus “tensile price claims (TPC).” SAS promotions provide a possible discount (determined probabilistically) but conceal the exact amount until purchase. Tensile price claims (e.g. “up to 25 percent off on items marked with a red tag”) make imprecise price promotional cla...

In an attempt to gain a better position in haggling, consumers often seek a seller's pricing information (e.g., whether the posted price is negotiable, the discount and transaction prices) before going to that seller. Although traditionally difficult to obtain, such information is becoming increasingly available due to consumer price posting (CPP), whereby consumers post and share their purchas...