A Theory of Lowest-price Guarantees PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download A Theory of Lowest-price Guarantees PDF full book. Access full book title A Theory of Lowest-price Guarantees by Teck-Hua Ho. Download full books in PDF and EPUB format.
Author: Teck-Hua Ho
Publisher:
ISBN:
Category : Pricing
Languages : en
Pages : 19
Get Book Here
Book Description
Presents a model of lowest price guarantees that incorporates three plausible effects of LPGs on customer shopping behavior.
Author: Teck-Hua Ho
Publisher:
ISBN:
Category : Pricing
Languages : en
Pages : 19
Get Book Here
Book Description
Presents a model of lowest price guarantees that incorporates three plausible effects of LPGs on customer shopping behavior.
Author: Joydeep Srivastava
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Many retailers offer a price-matching guarantee that promises to pay consumers the difference if they find a lower price elsewhere. This article proposes that the effectiveness of a price-matching guarantee as a signal of low store prices depends on individuals' beliefs about the degree to which other consumers in the market engage in price search, enforce price-matching guarantees, or both. Consistent with signaling theory, results of a survey and two experimental studies demonstrate that market level factors affect consumer beliefs about the extent to which others engage in price search and thereby the effectiveness of price-matching guarantees in lowering perceptions of store prices. The implications of the findings for retail strategy are discussed along with directions for future research.
Author: Maria Arbatskaya
Publisher:
ISBN:
Category :
Languages : en
Pages : 38
Get Book Here
Book Description
Author: Deirdre N. McCloskey
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 662
Get Book Here
Book Description
Author: Christoph Pfeiffer
Publisher: Springer Nature
ISBN: 3658408685
Category : Business & Economics
Languages : en
Pages : 139
Get Book Here
Book Description
Applied game theory in purchasing has become an important tool in many companies for systematically achieving success in negotiations. The central building block of game-theoretically optimized awards are purchasing auctions. A basic knowledge of auctions and game theory is therefore particularly important for purchasers. This book describes very clearly many helpful methods as well as their application in practice. Procurement situations which have a high volume, which are interesting for suppliers and whose performance can be well specified are particularly suitable for the use of game theory in purchasing. It also shows how cartels or restrained competition between suppliers can be identified using a purely data-based method. Every purchase involves a sale. The book is therefore not only aimed at buyers. Auctions in procurement and the underlying game-theoretical principles also play an equally significant role for sellers.Applied game theory in purchasing has become an important tool in many companies for systematically achieving success in negotiations. The central building block of game-theoretically optimized awards are purchasing auctions. A basic knowledge of auctions and game theory is therefore particularly important for purchasers. This book describes very clearly many helpful methods as well as their application in practice. Procurement situations which have a high volume, which are interesting for suppliers and whose performance can be well specified are particularly suitable for the use of game theory in purchasing. It also shows how cartels or restrained competition between suppliers can be identified using a purely data-based method. Every purchase involves a sale. The book is therefore not only aimed at buyers. Auctions in procurement and the underlying game-theoretic principles also play an equally significant role for sellers.
Author: Subhasish Dugar
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Price-matching guarantees have been alleged to sustain collusive prices in a homogenous product market. Theories in this literature also suggest that there exists multiple equilibria (i.e., a set of price equilibria between the competitive and the monopoly price) when all sellers adopt these guarantees in such a market. Theoretical prediction in this case fails to pin down the actual behavior of players a priori. This paper illustrates the essential role of controlled experiment in testing the collusive theory of price matching guarantees and thereby shedding light on the embedded equilibrium selection problem. In particular, this paper studies two highly stylized market models, obtains testable predictions and lays out the design of the controlled experiment. Results indicate that these guarantees facilitate collusion among sellers and thus solve the equilibrium selection problem considerably.
Author: Jack Hirshleifer
Publisher: Cambridge University Press
ISBN: 9780521818643
Category : Business & Economics
Languages : en
Pages : 638
Get Book Here
Book Description
This seventh edition of the book offers extensive discussion of information, uncertainty, and game theory.
Author: Ran Zhuo
Publisher:
ISBN:
Category :
Languages : en
Pages : 64
Get Book Here
Book Description
Author: Kristijan Poljanec
Publisher: Taylor & Francis
ISBN: 1000647153
Category : Law
Languages : en
Pages : 245
Get Book Here
Book Description
The widespread understanding of auction structure considers auction as consisting of three contracts: contract between the seller and the auctioneer, contract between the auctioneer and the buyer and the sale contract between the seller and the buyer. The book challenges this concept, arguing that the traditional tripartite concept of auction is too narrow and does not correspond to the actual structure of auction relations. Demonstrating that an auction structure consists of a plethora of legal relationships, including noncontractual relations, this book explores the legal concept of auction sale and the structure of accompanying relations. The book provides a historical overview of auctions and different auction models. Following a brief introduction to the economic theory, auction models are examined against the following legal criteria: price formation, publicity, parties’ autonomy, legal form and applied technology to find a legal concept and nature of auction. The book explores the legal position of key auction figures and auction objects to identify the categories of legal relations that appear at auction. It explores the legal nature of the main contract, as well as the relations between the consignor and the auctioneer, the auctioneer and the bidders, the bidders themselves, the consignor and the bidders. The book covers relations arising from droit de suite, financial and bidding agreements to provide a comprehensive overview of lesserknown legal relations that commonly arise in auction practice.
Author: Maarten Janssen
Publisher:
ISBN:
Category :
Languages : en
Pages : 17
Get Book Here
Book Description
