As we indicated at the beginning of this chapter, price discrimination is a ubiquitous
phenomenon. Nearly all firms with market power attempt to engage in some type of price …

abstract The early 1970s witnessed three major advances in durable-goods theory—Swan,
Peter. 1970.“Durability of Consumption Goods.” American Economic Review. December, 60 …

We develop a dynamic model of a platform economy where tokens serve as a means of
payment among platform users and are issued to finance investment in platform productivity …

Abstract “Planned Obsolescence” is the production of goods with uneconomically short
useful lives so that customers will have to make repeat purchases. However, rational …

What do phone rates, frequent flyer programs, and railroad tariffs all have in common? They
are all examples of nonlinear pricing. Pricing is nonlinear when it is not strictly proportional …

Subgame-perfect equilibria are characterized for a market in which the seller quotes a price
each period. Assume zero costs, positive interest rate, continuum of buyers, and some …

We argue that a firm's suppliers and customers prefer it to account more conservatively due
to information asymmetry and these stakeholders' asymmetric payoffs with respect to the …

This paper studies the impact of strategic customer behavior on supply chain performance.
We start with a newsvendor seller facing forward-looking customers. The seller initially …

This paper considers the intertemporal pricing problem for a monopolist marketing a new
product. The key feature differentiating this paper from the extant management science …

Firms in durable good product markets face incentives to intertemporally price discriminate,
by setting high initial prices to sell to consumers with the highest willingness to pay, and …