Article ID Journal Published Year Pages File Type
5072214 Games and Economic Behavior 2012 15 Pages PDF
Abstract
► Model with a buyer alternating between two sellers for price offers over finite season. ► When buyer is myopic (strategic) equilibrium price decreases (is constant) with period. ► Profits increase (generally decrease) with longer season with myopic (strategic) buyer. ► Experiment largely supports predictions when buyer is myopic but not when strategic.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Competitive dynamic pricing with alternating offers: Theory and experiment
Authors
, , ,