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Altruistic Dynamic Pricing with Customer Regret

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NBER2009-04-01 更新2025-01-04 收录
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A model is considered where firms internalize the regret costs that consumers experience when they see an unexpected price change. Regret costs are assumed to be increasing in the size of price changes and this can explain why the size of price increases is less sensitive to inflation than in models

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2009-04-01
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