Strategic pricing of differentiated consumer durables in a dynamic duopoly: a numerical analysis
Article Abstract:
An analysis of pricing strategies indicates that various forms of competition can affect prices between competitors. The possibilities for cooperation include monopoly, competition, following (when one company responds to the other's moves), and cost pricing. The analysis reveals that optimal price trajectories fall into three categories: steadily increasing, steadily decreasing, and an initial increase followed by a decrease. Graphs for the various trajectories is provided.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Equilibrium pricing and advertising strategies for nondurable experience products in a dynamic duopoly
Article Abstract:
An analysis of the relationship between time and advertising has yielded a model for determining how a company's advertising decisions will be affected by consumers' experience with their product. The theoretic-model assumes a dynamic duopoly, simulates the equilibrium paths using a discrete-time algorithm, and focuses upon price and advertising decisions only.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Do CAPM results hold in a dynamic economy? A numerical analysis. Risk and return in a dynamic general equilibrium model
- Abstracts: On the probability of chaos in large dynamical systems: a Monte Carlo study. Approximating payoffs and pricing formulas
- Abstracts: The value of corporate voting rights and control: a cross-country analysis. Market reaction to public information: The atypical case of the Boston Celtics
- Abstracts: Accounting for income inequality in rural China: a regression-based approach. Determinants of the performance of foreign invested enterprises in China
- Abstracts: Informative externalities and pricing in regulated multiproduct industries. Informative advertising competition