Consumer bounded rationality and rigidity/flexibility retail price patterns
Author
Abstract
Suggested Citation
DOI: 10.1016/j.econlet.2012.04.003
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Spiegler, Ran, 2014.
"Bounded Rationality and Industrial Organization,"
OUP Catalogue,
Oxford University Press, number 9780199334261.
- Spiegler, Ran, 2011. "Bounded Rationality and Industrial Organization," OUP Catalogue, Oxford University Press, number 9780195398717.
- Osborne, Martin J & Rubinstein, Ariel, 1998.
"Games with Procedurally Rational Players,"
American Economic Review, American Economic Association, vol. 88(4), pages 834-847, September.
- Martin J. Osborne & Ariel Rubinstein, 1997. "Games with Procedurally Rational Players," Department of Economics Working Papers 1997-02, McMaster University.
- Osborne, M-J & Rubinstein, A, 1997. "Games with Procedurally Rational Players," Papers 4-97, Tel Aviv.
- Klenow, Peter J. & Malin, Benjamin A., 2010.
"Microeconomic Evidence on Price-Setting,"
Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 6, pages 231-284,
Elsevier.
- Peter J. Klenow & Benjamin A. Malin, 2010. "Microeconomic Evidence on Price-Setting," NBER Working Papers 15826, National Bureau of Economic Research, Inc.
- ,, 2006.
"Competition over agents with boundedly rational expectations,"
Theoretical Economics, Econometric Society, vol. 1(2), pages 207-231, June.
- Ran Spiegler, 2005. "Competition over Agents with Boundedly Rational Expectations," Levine's Bibliography 122247000000000535, UCLA Department of Economics.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Kfir Eliaz & Ran Spiegler, 2015. "Beyond “Ellison’s Matrix”: New Directions in Behavioral Industrial Organization," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(3), pages 259-272, November.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Wisnicki, Bartlomiej, 2022. "Consumer inertia fosters product quality," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 96(C).
- Michele Piccione & Ran Spiegler, 2012.
"Price Competition Under Limited Comparability,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 127(1), pages 97-135.
- Piccione, Michele & Spiegler, Ran, 2009. "Price Competition under Limited Comparability," MPRA Paper 21427, University Library of Munich, Germany, revised 16 Oct 2009.
- Michele Piccione & Ran Spiegler, 2010. "Price Competition under Limited Comparability," Levine's Working Paper Archive 661465000000001143, David K. Levine.
- Piccione, Michele & Spiegler, Ran, 2011. "Price Competition under Limited Comparability," Foerder Institute for Economic Research Working Papers 275750, Tel-Aviv University > Foerder Institute for Economic Research.
- Philippe Jehiel, 2022.
"Analogy-Based Expectation Equilibrium and Related Concepts:Theory, Applications, and Beyond,"
PSE Working Papers
halshs-03735680, HAL.
- Philippe Jehiel, 2022. "Analogy-Based Expectation Equilibrium and Related Concepts:Theory, Applications, and Beyond," Working Papers halshs-03735680, HAL.
- Ariel Rubinstein & Ran Spiegler, 2008.
"Money Pumps in the Market,"
Journal of the European Economic Association, MIT Press, vol. 6(1), pages 237-253, March.
- Ariel Rubinstein & Rani Spiegler, 2005. "Money Pumps in the Market," Levine's Bibliography 122247000000000941, UCLA Department of Economics.
- Marco Bertini & Daniel Halbheer & Oded Koenigsberg, 2012.
"Self-Serving Behavior in Price-Quality Competition,"
Working Papers
hal-01993405, HAL.
- Halbheer, Daniel & Bertini, Marco & Koenigsberg, Oded, 2013. "Self-Serving Behavior in Price-Quality Competition," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79842, Verein für Socialpolitik / German Economic Association.
- Marco Bertini & Daniel Halbheer & Oded Koenigsberg, 2013. "Self-Serving Behavior in Price-Quality Competition," Working Papers 334, University of Zurich, Department of Business Administration (IBW).
- Arigapudi, Srinivas & Heller, Yuval & Schreiber, Amnon, 2021. "Sampling Dynamics and Stable Mixing in Hawk–Dove Games," MPRA Paper 108819, University Library of Munich, Germany.
- Papi, Mauro, 2013. "Satisficing and maximizing consumers in a monopolistic screening model," Mathematical Social Sciences, Elsevier, vol. 66(3), pages 385-389.
- Ioana Chioveanu & Jidong Zhou, 2013.
"Price Competition with Consumer Confusion,"
Management Science, INFORMS, vol. 59(11), pages 2450-2469, November.
- Ioanna Chioveanu & Jidong Zhou, 2011. "Price Competition with Consumer Confusion," Working Papers 11-19, New York University, Leonard N. Stern School of Business, Department of Economics.
- Kosfeld, Michael & Schüwer, Ulrich, 2011.
"Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education,"
CEPR Discussion Papers
8636, C.E.P.R. Discussion Papers.
- Kosfeld, Michael & Schüwer, Ulrich, 2011. "Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education," IZA Discussion Papers 6061, Institute of Labor Economics (IZA).
- Michael Grubb, 2015.
"Failing to Choose the Best Price: Theory, Evidence, and Policy,"
Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(3), pages 303-340, November.
- Michael D. Grubb, 2015. "Failing to Choose the Best Price: Theory, Evidence, and Policy," Boston College Working Papers in Economics 878, Boston College Department of Economics.
- Wenzel, Tobias, 2024. "Collusion, inattentive consumers and shrouded prices," Journal of Economic Behavior & Organization, Elsevier, vol. 218(C), pages 579-591.
- Geoffroy de Clippel & Kfir Eliaz & Kareen Rozen, 2014.
"Competing for Consumer Inattention,"
Journal of Political Economy, University of Chicago Press, vol. 122(6), pages 1203-1234.
- Geoffroy De Clippel & Kfir Eliaz & Kareen Rozen, 2013. "Competing for Consumer Inattention," Levine's Working Paper Archive 786969000000000765, David K. Levine.
- Eliaz, Kfir & de Clippel, Geoffroy & Rozen, Kareen, 2013. "Competing for Consumer Inattention," CEPR Discussion Papers 9553, C.E.P.R. Discussion Papers.
- de Clippel, Geoffroy & Eliaz, Kfir & Rozen, Kareen, 2014. "Competing for Consumer Inattention," Foerder Institute for Economic Research Working Papers 275830, Tel-Aviv University > Foerder Institute for Economic Research.
- Geoffroy de Clippel & Kfir Elias & Kareen Rozen, 2013. "Competing for Consumer Inattention," Cowles Foundation Discussion Papers 1901, Cowles Foundation for Research in Economics, Yale University.
- Kenan Kalaycı & Marta Serra-Garcia, 2016.
"Complexity and biases,"
Experimental Economics, Springer;Economic Science Association, vol. 19(1), pages 31-50, March.
- Kenan Kalaycı & Marta Serra-Garcia, 2016. "Complexity and biases," Experimental Economics, Springer;Economic Science Association, vol. 19(1), pages 31-50, March.
- Kalaycı, Kenan & Serra-Garcia, Marta, 2012. "Complexity and Biases," Discussion Papers in Economics 13035, University of Munich, Department of Economics.
- Izquierdo, Segismundo S. & Izquierdo, Luis R., 2023. "Strategy sets closed under payoff sampling," Games and Economic Behavior, Elsevier, vol. 138(C), pages 126-142.
- Hans‐Theo Normann & Tobias Wenzel, 2019. "Shrouding Add‐On Information: An Experimental Study," Scandinavian Journal of Economics, Wiley Blackwell, vol. 121(4), pages 1705-1727, October.
- Yiquan Gu & Tobias Wenzel, 2014. "Strategic Obfuscation and Consumer Protection Policy," Journal of Industrial Economics, Wiley Blackwell, vol. 62(4), pages 632-660, December.
- Ran Spiegler, 2019.
"Behavioral Economics and the Atheoretical Style,"
American Economic Journal: Microeconomics, American Economic Association, vol. 11(2), pages 173-194, May.
- Spiegler, Ran, 2017. "Behavioral Economics and the Atheoretical Style," CEPR Discussion Papers 11786, C.E.P.R. Discussion Papers.
- Wenzel, Tobias, 2014.
"Consumer myopia, competition and the incentives to unshroud add-on information,"
Journal of Economic Behavior & Organization, Elsevier, vol. 98(C), pages 89-96.
- Wenzel, Tobias, 2013. "Consumer myopia, competition and the incentives to unshroud add-on information," DICE Discussion Papers 126, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Rasch, Alexander & Wenzel, Tobias, 2015.
"The impact of piracy on prominent and non-prominent software developers,"
Telecommunications Policy, Elsevier, vol. 39(8), pages 735-744.
- Rasch, Alexander & Wenzel, Tobias, 2014. "The impact of piracy on prominent and non-prominent software developers," DICE Discussion Papers 167, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Förster, Manuel & Karos, Dominik, 2021. "From prejudice to racial profiling and back. A naἴve intuitive statistician's curse," Center for Mathematical Economics Working Papers 644, Center for Mathematical Economics, Bielefeld University.
More about this item
Keywords
Bounded rationality; Industrial organization; Sales; Regular prices; Price rigidity; Sampling;All these keywords.
JEL classification:
- C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other
- D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:116:y:2012:i:3:p:335-338. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.