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Author: Dennis Eggert
Publisher: GRIN Verlag
ISBN: 3638803473
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
Seminar paper from the year 2006 in the subject Economics - Industrial Economics, grade: 1,0, Helsinki School of Economics, course: Industrial Organisation, 18 entries in the bibliography, language: English, abstract: The main issue in the article is the derivation of a model in which prices can differ in equilibrium, even though the goods are homogeneous and there is asymmetric information in the market. The reason for this price dispersion is caused by consumer heterogeneity. Salop and Stiglitz explain, that "because of differences in preference or ability, some agents perform much better than others in market decisions." To model this kind of heterogeneity they assign different costs of gathering certain information to the consumers. For simplicity they part the consumers in two groups: The first one consists of low-cost information gatherer and the other group has higher cost to gain complete information. For further simplicity there are just two levels of information: to be completely informed or to be not informed at all. Furthermore the costs to become an informed consumer are fixed. The differences in information in this model regard the locations of the shops. All consumers know about all prices that are in the market, they just do not know where the shop with a certain (the lowest) price is. The shops on the other hand have complete information about the market. They know about the differences between the consumers and can compute the demand that will occur, when they ask a certain price. So they face a trade-off between higher prices and lower demand. It is important to state why there is a possibility of raising the price and not to loose all demand like it would be in a perfect market. When the rise in price is not too high, it does not pay for the high-cost information gatherer to become completely informed. Their expected loss by buying randomly either in low- or high-priced shops is lower than the fixed cost of gathering the information. All toget
Author: Dennis Eggert
Publisher: GRIN Verlag
ISBN: 3638803473
Category : Business & Economics
Languages : en
Pages : 36
Get Book Here
Book Description
Seminar paper from the year 2006 in the subject Economics - Industrial Economics, grade: 1,0, Helsinki School of Economics, course: Industrial Organisation, 18 entries in the bibliography, language: English, abstract: The main issue in the article is the derivation of a model in which prices can differ in equilibrium, even though the goods are homogeneous and there is asymmetric information in the market. The reason for this price dispersion is caused by consumer heterogeneity. Salop and Stiglitz explain, that "because of differences in preference or ability, some agents perform much better than others in market decisions." To model this kind of heterogeneity they assign different costs of gathering certain information to the consumers. For simplicity they part the consumers in two groups: The first one consists of low-cost information gatherer and the other group has higher cost to gain complete information. For further simplicity there are just two levels of information: to be completely informed or to be not informed at all. Furthermore the costs to become an informed consumer are fixed. The differences in information in this model regard the locations of the shops. All consumers know about all prices that are in the market, they just do not know where the shop with a certain (the lowest) price is. The shops on the other hand have complete information about the market. They know about the differences between the consumers and can compute the demand that will occur, when they ask a certain price. So they face a trade-off between higher prices and lower demand. It is important to state why there is a possibility of raising the price and not to loose all demand like it would be in a perfect market. When the rise in price is not too high, it does not pay for the high-cost information gatherer to become completely informed. Their expected loss by buying randomly either in low- or high-priced shops is lower than the fixed cost of gathering the information. All toget
Author: Mark Ellwood
Publisher: Penguin
ISBN: 1591847052
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
Almost half of everything sold in America is listed at some kind of promotional price. People don't only want a deep discount, they expect it - and won't settle for anything less. In this playful, deeply researched book, journalist Mark Ellwood takes a trip into this new landscape. From the floor of upscale department store Sergdorf Goodman to the bustling aisles of a Turkish bazaar, from the outlet Disneyworld of rural Pennsylvania to a town in Florida that can claim to be couponing's spiritual capital, Ellwood shows how some people are, quite literally, born to be bargain junkies thanks to a quirk of their DNA. He also uncovers the dark side of discounting: the sales-driven sleights of hand that sellers employ to hoodwink unsuspecting buyers. Bargain Feveris a manual for thriving in this new era, when deal hunting has gone from being a sign of indigence to one of intelligence. There's never been a better time to be a buyer - at least if you know how the game works. 'This book is a bargain hunter's bible.' Michael Tonello, author of Bringing Home the Birkin'Bargain Fever is just as fierce, funny, tenacious, and tantalizing as its author. I love this book.' Kelly Cutrone, founder, People's Revolution, and author of Normal Gets You Nowhere'A book after my own heart. Bargain Fever lifts the veils off the sales, ensuring even more that you'll never pay retail again.' Carmen Wong Ulrich, financial contributor, CBS This Morning, and author of Generation Debt'Highly informative and entertaining.' Booklist
Author: Charles Stuart Platkin
Publisher: Simon and Schuster
ISBN: 1416566600
Category : Health & Fitness
Languages : en
Pages : 482
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Book Description
Platkin, known as the Diet Detective, returns to show readers how to turn their favorite foods into calorie bargains, with this easy-to-follow road map for healthy eating.
Author: Clark Howard
Publisher: Hachette Books
ISBN: 1401397670
Category : Reference
Languages : en
Pages : 128
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Book Description
Clark Howard, the bestselling author of Get Clark Smart and host of the nationally syndicated radio program The Clark Howard Show, wants to show you how to get the best bang for your buck--whether you are at the supermarket, buying new clothes, renovating your home, or going to the movies. Learn how to pay $12.95 for a CD that costs $19.95. Find out why a $90 VCR just may work better than a $300 VCR.
Author: Shelagh Heffernan
Publisher: John Wiley & Sons
ISBN: 0470020040
Category : Business & Economics
Languages : en
Pages : 736
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Book Description
Modern Banking focuses on the theory and practice of banking, and its prospects in the new millennium. The book is written for courses in banking and finance at Masters/MBA level, or undergraduate degrees specialising in this area. Bank practitioners wishing to deepen and broaden their understanding of banking issues may also be attracted to this book. While they often have exceptional and detailed knowledge of the areas they have worked in, busy bankers may be all too unaware of the key broader issues. Consider the fundamental questions: What is unique about a bank? and What differentiates it from other financial institutions? Answering these questions begins to show how banks should evolve and adapt - or fail. If bankers know the underlying reasons for why profitable banks exist, it will help them to devise strategies for sustained growth. Modern Banking concludes with a set of case studies that give practical insight into the key issues covered in the book: The core banking functions Different types of banks and diversification of bank activities Risk management: issues and techniques Global regulation: Basel 1 and Basel 2. Bank regulation in the UK, US, EU, and Japan Banking in emerging markets Bank failure and financial crises Competitive issues, from cost efficiency to mergers and acquisitions Case Studies including: Goldman Sachs, Bankers Trust/Deutsche Bank, Sumitomo Mitsui, Bancomer
Author: Tracie Rozhon
Publisher: Crown
ISBN: 030755502X
Category : Travel
Languages : en
Pages : 210
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Book Description
We snap to attention when we hear about urban miracles: the designer jacket picked up for a pittance, the killer apartment snagged for next to nothing, swank furnishings found at garage-sale prices. Treasures like these in New York City--where it often seems the best things are reserved for the wealthy--can now be yours, thanks to New York Times House and Home reporter Tracie Rozhon, a bona fide expert on how to live the good life in Gotham. In The Cheapskate Millionaire's Guide to Bargain Hunting in the Big Apple, Rozhon shares her most closely held shopping secrets with the reader. She knows New York bargains inside and out, from the Lower East Side to suburban outlet stores, from estate sales to flea markets. Each chapter of her informative book concludes with an extensive listing of sources and services--complete with names, addresses, and phone numbers--and is loaded with great ideas on how you can find deals in clothes and jewelry (dream coats, designer labels, furs, diamonds, pearls) home furnishings (couches, chairs, rugs, draperies, fabrics, antiques, lamps, wallpaper) apartments, co-ops, and condos (buying and renting) home renovation (paint, lumber, hardware, bathroom fixtures, cabinets, appliances) food (gourmet groceries, caviar, coffee, wine, restaurant meals) nightlife (entertainment, clubs, bars) More than just a bargain hunter's guide, this book is a bargain hunter's dream. Tracie Rozhon shows you how to think like a cheapskate millionaire, so you can apply her shopping know-how to anything you hope to buy. You don't need to be a Rockefeller to grab what the Big Apple has to offer...but you do need this book's inspired advice.
Author: Peter E. Earl
Publisher: Cambridge University Press
ISBN: 1009089447
Category : Business & Economics
Languages : en
Pages : 541
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Book Description
This book is unique among modern contributions to behavioral economics in presenting a grand synthesis between the kind of behavioral economics popularized by Richard Thaler, earlier approaches such as those of the 1978 Nobel Laureate Herbert Simon, evolutionary psychology, and evolutionary economics from Veblen and Marshall through to neo-Schumpeterian thinking. The synthesis employs a complex adaptive systems approach to how people think, the lifestyles they build, and how new production technologies and products are gradually adopted and produce changes. Using a huge range of examples, it takes behavioral economics from its recent focus on 'nudging' consumers, to the behavior of firms and other organizations, the challenges of achieving structural change and transitioning to environmentally sustainable lifestyles, and instability of the financial system. This book will be of great interest to academics and graduate students who seek a broader view of what behavioral economics is and what it might become.
Author: Stephanie Gallagher
Publisher: Macmillan
ISBN: 0312202768
Category : Business & Economics
Languages : en
Pages : 288
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Book Description
Clip coupons? Reuse your plastic bags? Brown-bag it to work? If that kind of stiff-upper-lip, tighten-the-belt financial advice is too much work for you, you aren't alone. In Fabulous Bargains , Stephanie Gallagher--the self-proclaimed " laziest bargain-hunter in the world" --proves you can spend less and save more without breaking a sweat. Packed with more than five hundred sources for discounts on everything from party favors to sporting goods, vitamins, travel, and credit cards, Fabulous Bargains shows readers how to save money without sacrificing convenience, quality, or comfort.
Author: Denise Fields
Publisher: Windsor Peak Press
ISBN: 1889392464
Category : Reference
Languages : en
Pages : 484
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Book Description
Wow! Finally, a wedding book for the rest of us. With average wedding costs soaring over $25,000, you need real life solutions and creative ideas to plan a wedding without going bankrupt. Bridal Bargains is the answer! Now in its 11th edition with over 700,000 copies in print, Bridal Bargains shows you: How to save up to 40% on brand new, nationally advertised wedding dresses. The best web sites to save on everything from flowers to gowns, invitations to, well, you name it. Fourteen creative ways to cut the catering bill at your reception. How to order flowers at wholesale online. Eleven questions you should ask any photographer—and seven money-saving tips to lower that photo expense. Affordable ways to print your own invitations at a 70% savings. A clever trick to save big bucks on your wedding cake. The best bargains on honeymoons, gift registries, rings, wedding videos and more! New! Green your wedding with eco-friendly invites, catering tips and more! The brand new,11th edition is revised and updated tips on tying the knot without going bankrupt.
Author: Jim Cramer
Publisher: Simon and Schuster
ISBN: 0743224906
Category : Biography & Autobiography
Languages : en
Pages : 323
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Book Description
Presents guidelines on how to invest successfully by becoming a "prudent speculator," explaining the role of psychology in risk taking while covering such topics as spotting an undervalued stock and knowing when to sell.
