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Monday, May 18, 2020 | History

2 edition of Behavioral explanations for asymmetric price competition found in the catalog.

Behavioral explanations for asymmetric price competition

Makoto Abe

Behavioral explanations for asymmetric price competition

by Makoto Abe

  • 378 Want to read
  • 31 Currently reading

Published by Marketing Science Institute in Cambridge, Mass .
Written in English


Edition Notes

StatementMakoto Abe.
SeriesWorking Paper -- no.98-123
ContributionsMarketing Science Institute.
ID Numbers
Open LibraryOL17541601M

Handbook of Empirical Corporate Finance A volume in Handbooks in Finance. Book asymmetric information, institutional, control, and behavioral. The key parties to an IPO transaction are the issuing firm, the bank underwriting and marketing the deal, and the new investors. such as the internet bubble of – Arising from this. Behavioral Ecology Core Brood Brood Reduction Asymmetric Competition Yolk Androgen These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm by:

Asymmetric Publications, LLC.   The underpricing of initial public offerings (IPO) is a well-documented fact of empirical equity market research. Theories explain this underpricing with market imperfections. We study three empirically relevant IPO mechanisms under almost perfect market conditions in the laboratory: a stylized book building approach, a closed book auction, and an open book Cited by: 4.

William E. Kovacic & James C. Cooper, Behavioral Economics and Its Meaning for Antitrust Agency Decision Making, 8 J.L. Econ. & Pol'y (). This Article is brought to you for free and open access by the Faculty Scholarship at Scholarly Commons. Asymmetric Consumer Learning and Inventory Competition Vishal Gaur∗ and Young-Hoon Park† February Abstract We develop a model of consumer learning and choice behavior in response to uncertain ser-vice at the marketplace. Learning could be asymmetric, i.e., consumers may associate different weights with positive and negative experiences.


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Behavioral explanations for asymmetric price competition by Makoto Abe Download PDF EPUB FB2

COVID Resources. Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle.

Asymmetric price competition in consumer packaged goods is a well-known phenomenon. Researchers have proposed three behavioral explanations: (1) heterogeneity in consumer preference, (2) the Author: Makoto Abe. T1 - Asymmetric price competition and store vs national brand choice.

AU - Aggarwal, Praveen. AU - Cha, Taihoon. PY - /6/1. Y1 - /6/1. N2 - Sales and market share of store brands have been growing significantly at the expense of national brands.

The decision to purchase a store brand or a national brand has been modeled in this by: Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the decisions of individuals and institutions and how those decisions vary from those implied by classical economic theory.

Behavioral economics is primarily concerned with the bounds of rationality of economic oral models typically integrate insights from. Behavioral Explanations for Asymmetric Price Competition Jan 1, Makoto Abe,Examines three behavioral explanations for the well-known phenomenon of asymmetric price competition; finds that this pattern arises mainly from the loss aversion effect (i.e., that the same price cut is perceived to be more favorable for high quality.

"Behavioral Explanations of Asymmetric Price Competition," Marketing Science Institute Publication Series, No, "Measuring Consumer, Nonlinear Brand Choice Response to Price," Journal of Retailing, 74(4),   ‘The Making of Behavioral Economics’ should have clued me in to this book being more of a history.

Luckily, I enjoy history and biographies, and as I said above, he is a very talented writer. One of the first things that stuck out to me was how long he as been in the field. His book starts inwith him as a grad student/5.

Interspecific competition (like intra-specific competition) is frequently highly asymmetric - the consequences are often not the same for both species. For instance, with Connell's barnacles, Balanus excluded Chthamalus from their zone of potential overlap, but any effect of Chthamalus on Balanus was negligible: Balanus was limited by its own sensitivity to desiccation.

Blume () develops a theory of duopoly price competition with asymmetric (constant) marginal costs, homogenous products, and continuous strategy space and shows that there exists an equilibrium in undominated strategies in which the.

Asymmetric Price E ects of Competition Saul Lachy The Hebrew University and CEPR Jos e L. Moraga-Gonz alezz Vrije Universiteit Amsterdam Decem Abstract In markets where price dispersion is prevalent the relevant question is not what happens to the price when the number of rms changes but, instead, what happens to the whole.

BEHAVIORAL MACROECONOMICS AND MACROECONOMIC BEHAVIOR Prize Lecture, December 8, by GEORGE A. AKERLOF* Department of Economics, University of California, Berkeley, CAUSA. Think about Richard Scarry’s Cars and Trucks and Things That Go.1 Think about what that book would have looked like in sequential decades of the last.

Boone et al. () study asymmetric price competition in duopoly and triopoly markets. They explore two types of triopoly markets: one in which all.

A Behavioral Explanation for Opaque Selling Tingliang Huang following explanations: to price discriminate heterogeneous consumers, to reduce supply-demand mismatches, price competition and increase the industry pro ts even in the absence of consumer heterogene-ity.

In addition, our assumption of asymmetric costs, and the prediction of o. Biology- Chapter STUDY. Flashcards. Learn. Write. Spell. Test. PLAY. Match.

Gravity. Created by. Vandila. Terms in this set (44) asymmetric competition. Ecological competition between two species in which one species suffers a much greater fitness decline than the other. possible explanations for downward price rigidity.7 Examples of studies that employ search cost hypotheses to explain price rigidities include Fishman (), Yang and Ye (), Tappata (), Lewis (), and Cabral and Fishman ().

In Cited by: 6. A comprehensive review of behavioral operations management that puts the focus on new and trending research in the field The Handbook of Behavioral Operations offers a comprehensive resource that fills the gap in the behavioral operations management literature.

This vital text highlights best practices in behavioral operations research and identifies the most current. "The Indirect Impact of Price Deals on Households’ Purchase Decisions Through the Formation of Expected Future Prices," Journal of Retailing, Elsevier, vol.

88(1), pages Makoto Abe, "Investigating Behavioral Explanations for Asymmetric Price Competition," CIRJE F-Series CIRJE-F, CIRJE, Faculty of Economics, University of Tokyo. The current book under review, "Contending Economic Theories: Neoclassical, Keynesian, and Marxian" published by MIT Press, is an extension of their previous book.

The importance of "Economics: Marxian versus Neoclassical" was that it offered an impressive introduction and intermediate level presentation to both neoclassical microeconomics and Cited by: of asymmetric competition, we can operationalize competitive asymmetry on the basis of the research question under study.

When examining multimar-ket competition, we might theorize that competi-tive asymmetry exists if Firm A has operations in a subset of markets in which Firm B has operations (e.g., Gimeno and Woo, ).

Thus, competi-File Size: KB. Robert Novy-Marx’s paper “The Other Side of Value: The Gross Profitability Premium” not only provided investors with new insights into the cross-section of stock returns, but also helped further explain some of Warren Buffett’s superior performance.

(Wes Gray summarized that paper here.)) His study built upon the paper “Profitability, Investment and Average Returns” by. principle, account for such asymmetric pass-throughŠ even with perfect competition. From a policy perspective, knowledge of cost pass-through patterns in a market does not allow for strong inferences on the intensity of competition.

Keywords: Asymmetric price transmission, cost pass-through, electricity markets, price theory, rockets and feathersFile Size: KB.Other articles dealing with price discrimination in asymmetric duopolies have results directly comparable with the ones of this paper.

As pointed out by Chen (), the effects of dynamic price discrimination change substantially from symmetric to asymmetric markets. In a considerably different approach from ∗ ∗Cited by: 1.UEA. She has substantial practical experience in applying competition and consumer law as Chief Economist of the UK Office of Fair Trading from Her research interests include the implications of behavioural economics for competition and consumer policy.

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