A Model of Recommended Retail Prices
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Dmitry Lubensky, 2017. "A model of recommended retail prices," RAND Journal of Economics, RAND Corporation, vol. 48(2), pages 358-386, May.
- Dmitry Lubensky, 2011. "A Model of Recommended Retail Prices," Working Papers 2011-06, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
References listed on IDEAS
- Rothschild, Michael, 1974. "Searching for the Lowest Price When the Distribution of Prices Is Unknown," Journal of Political Economy, University of Chicago Press, vol. 82(4), pages 689-711, July/Aug..
- De los Santos, Babur & Kim, In Kyung & Lubensky, Dmitry, 2018.
"Do MSRPs decrease prices?,"
International Journal of Industrial Organization, Elsevier, vol. 59(C), pages 429-457.
- Babur De los Santos & In Kyung Kim & Dmitry Lubensky, 2013. "Do MSRPs Decrease Prices?," Working Papers 2013-13, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
- Marco A. Haan & José L. Moraga‐González, 2011.
"Advertising for Attention in a Consumer Search Model,"
Economic Journal, Royal Economic Society, vol. 121(552), pages 552-579, May.
- Haan, Marco A. & Moraga-Gonzalez, Jose L., 2009. "Advertising for attention in a consumer search model," IESE Research Papers D/794, IESE Business School.
- Marco A. Haan & Jose Luis Moraga-Gonzalez, 2009. "Advertising for Attention in a Consumer Search Model," Tinbergen Institute Discussion Papers 09-031/1, Tinbergen Institute.
- Diamond, Peter A., 1971. "A model of price adjustment," Journal of Economic Theory, Elsevier, vol. 3(2), pages 156-168, June.
- Milgrom, Paul & Roberts, John, 1986.
"Price and Advertising Signals of Product Quality,"
Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 796-821, August.
- Paul R. Milgrom & John Roberts, 1984. "Price and Advertising Signals of Product Quality," Cowles Foundation Discussion Papers 709, Cowles Foundation for Research in Economics, Yale University.
- Clemens Puppe & Stephanie Rosenkranz, 2011.
"Why Suggest Non‐Binding Retail Prices?,"
Economica, London School of Economics and Political Science, vol. 78(310), pages 317-329, April.
- C. Puppe & S. Rosenkranz, 2006. "Why Suggest Non-Binding Retail Prices?," Working Papers 06-10, Utrecht School of Economics.
- Mark Armstrong & John Vickers & Jidong Zhou, 2009.
"Prominence and consumer search,"
RAND Journal of Economics, RAND Corporation, vol. 40(2), pages 209-233, June.
- Mark Armstrong & John Vickers & Jidong Zhou, 2008. "Prominence and Consumer Search," Economics Series Working Papers 379, University of Oxford, Department of Economics.
- John Thanassoulis & David Gill, 2010. "The Optimal Marketing Mix of Posted Prices, Discounts and Bargaining," Economics Series Working Papers 479, University of Oxford, Department of Economics.
- J. J. McCall, 1970. "Economics of Information and Job Search," The Quarterly Journal of Economics, Oxford University Press, vol. 84(1), pages 113-126.
- Maarten Janssen & Sandro Shelegia, 2015.
"Consumer Search and Double Marginalization,"
American Economic Review, American Economic Association, vol. 105(6), pages 1683-1710, June.
- Maarten Janssen & Sandro Shelegia, 2014. "Consumer Search and Double Marginalization," Vienna Economics Papers 1503, University of Vienna, Department of Economics.
- G.F. Mathewson & R.A. Winter, 1984. "An Economic Theory of Vertical Restraints," RAND Journal of Economics, The RAND Corporation, vol. 15(1), pages 27-38, Spring.
- Asher Wolinsky, 1986. "True Monopolistic Competition as a Result of Imperfect Information," The Quarterly Journal of Economics, Oxford University Press, vol. 101(3), pages 493-511.
- Stefan Buehler & Dennis L. Gärtner, 2013.
"Making Sense of Nonbinding Retail-Price Recommendations,"
American Economic Review, American Economic Association, vol. 103(1), pages 335-359, February.
- Gärtner, Dennis L & Buehler, Stefan, 2009. "Making Sense of Non-Binding Retail-Price Recommendations," Department of Economics, Working Paper Series qt51z312zt, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Stefan Bühler & Dennis L. Gärtner, 2009. "Making Sense of Non-Binding Retail-Price Recommendations," University of St. Gallen Department of Economics working paper series 2009 2009-02, Department of Economics, University of St. Gallen.
- Stefan Buehler & Dennis L. Gärtner, 2010. "Making Sense of Non-Binding Retail-Price Recommendations," CESifo Working Paper Series 3024, CESifo.
- Stefan Buehler & Dennis L. Gaertner, 2009. "Making Sense of Non-Binding Retail-Price Recommendations," SOI - Working Papers 0902, Socioeconomic Institute - University of Zurich.
- Berry, Steven & Levinsohn, James & Pakes, Ariel, 1995. "Automobile Prices in Market Equilibrium," Econometrica, Econometric Society, vol. 63(4), pages 841-890, July.
- Richard H. Thaler, 2008.
"Mental Accounting and Consumer Choice,"
Marketing Science, INFORMS, vol. 27(1), pages 15-25, 01-02.
- Richard Thaler, 1985. "Mental Accounting and Consumer Choice," Marketing Science, INFORMS, vol. 4(3), pages 199-214.
- Michael Rothschild, 1974. "Searching for the Lowest Price When the Distribution of Prices Is Unknown: A Summary," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 3, number 1, pages 293-294, National Bureau of Economic Research, Inc.
- Horowitz, Joel L, 1992. "The Role of the List Price in Housing Markets: Theory and an Econometric Model," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 7(2), pages 115-129, April-Jun.
- Maria Arbatskaya, 2007. "Ordered search," RAND Journal of Economics, RAND Corporation, vol. 38(1), pages 119-126, March.
- Crawford, Vincent P & Sobel, Joel, 1982.
"Strategic Information Transmission,"
Econometrica, Econometric Society, vol. 50(6), pages 1431-1451, November.
- V. Crawford & J. Sobel, 2010. "Strategic Information Transmission," Levine's Working Paper Archive 544, David K. Levine.
- Mariano Tappata, 2009. "Rockets and feathers: Understanding asymmetric pricing," RAND Journal of Economics, RAND Corporation, vol. 40(4), pages 673-687, December.
- Huanxing Yang & Lixin Ye, 2008. "Search with learning: understanding asymmetric price adjustments," RAND Journal of Economics, RAND Corporation, vol. 39(2), pages 547-564, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Lisa Bruttel, 2018. "The Effects of Recommended Retail Prices on Consumer and Retailer Behaviour," Economica, London School of Economics and Political Science, vol. 85(339), pages 649-668, July.
- Halbheer, Daniel & Bertini, Marco & Buehler, Stefan, 2018.
"Consumer Resistance,"
HEC Research Papers Series
1251, HEC Paris, revised 16 Feb 2018.
- Bertini, Marco & Buehler, Stefan & Halbheer, Daniel, 2018. "Consumer Resistance," Economics Working Paper Series 1804, University of St. Gallen, School of Economics and Political Science.
- In Kyung Kim & Vladyslav Nora, 2017. "Buyer Power and Information Disclosure," Working Papers 1707, Nazarbayev University, Department of Economics, revised Feb 2018.
- De los Santos, Babur & Kim, In Kyung & Lubensky, Dmitry, 2018.
"Do MSRPs decrease prices?,"
International Journal of Industrial Organization, Elsevier, vol. 59(C), pages 429-457.
- Babur De los Santos & In Kyung Kim & Dmitry Lubensky, 2013. "Do MSRPs Decrease Prices?," Working Papers 2013-13, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
- Janssen, Maarten & Shelegia, Sandro, 2017.
"Beliefs and Consumer Search in a Vertical Industry,"
MPRA Paper
85134, University Library of Munich, Germany.
- Maarten Janssen & Sandro Shelegia, 2018. "Beliefs and consumer search in a vertical industry," Economics Working Papers 1605, Department of Economics and Business, Universitat Pompeu Fabra.
- Maarten Janssen & Sandro Shelegia, 2018. "Beliefs and Consumer Search in a Vertical Industry," Working Papers 1033, Barcelona Graduate School of Economics.
- Daniel Garcia & Jun Honda & Maarten Janssen, 2017.
"The Double Diamond Paradox,"
American Economic Journal: Microeconomics, American Economic Association, vol. 9(3), pages 63-99, August.
- Daniel Garcia & Jun Honda & Maarten Janssen, 2015. "The Double Diamond Paradox," Vienna Economics Papers 1504, University of Vienna, Department of Economics.
- Riemer P. Faber & Maarten C. W. Janssen, 2019. "On the Effects of Suggested Prices in Gasoline Markets," Scandinavian Journal of Economics, Wiley Blackwell, vol. 121(2), pages 676-705, April.
- Casner, Ben, 2020. "Seller curation in platforms," International Journal of Industrial Organization, Elsevier, vol. 72(C).
- Garcia, Daniel & Janssen, Maarten, 2018.
"Retail channel management in consumer search markets,"
International Journal of Industrial Organization, Elsevier, vol. 58(C), pages 162-182.
- Garcia, Daniel & Janssen, Maarten, 2016. "Retail Channel Management in Consumer Search Markets," MPRA Paper 74394, University Library of Munich, Germany.
- Janssen, Maarten C.W., 2020. "Vertical contracts in search markets," International Journal of Industrial Organization, Elsevier, vol. 70(C).
- Lisa Bruttel, 2014. "The Effects of Non-binding Retail-price Recommendations on Consumer and Retailer Behavior," TWI Research Paper Series 93, Thurgauer Wirtschaftsinstitut, Universität Konstanz.
- Maarten Janssen & Sandro Shelegia, 2015.
"Consumer Search and Double Marginalization,"
American Economic Review, American Economic Association, vol. 105(6), pages 1683-1710, June.
- Maarten Janssen & Sandro Shelegia, 2014. "Consumer Search and Double Marginalization," Vienna Economics Papers 1503, University of Vienna, Department of Economics.
- Janssen, Maarten & Reshidi, Edona, 2018. "Retail Discrimination in Search Markets," CEPR Discussion Papers 12945, C.E.P.R. Discussion Papers.
- Fabrizi, Simona & Lippert, Steffen & Puppe, Clemens & Rosenkranz, Stephanie, 2016. "Manufacturer suggested retail prices, loss aversion and competition," Journal of Economic Psychology, Elsevier, vol. 53(C), pages 141-153.
- Enrique Andreu & Damien Neven & Salvatore Piccolo, 2020. "Delegated Sales, Agency Costs and the Competitive Effects of List Price," CSEF Working Papers 573, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
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.- De los Santos, Babur & Kim, In Kyung & Lubensky, Dmitry, 2018.
"Do MSRPs decrease prices?,"
International Journal of Industrial Organization, Elsevier, vol. 59(C), pages 429-457.
- Babur De los Santos & In Kyung Kim & Dmitry Lubensky, 2013. "Do MSRPs Decrease Prices?," Working Papers 2013-13, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
- Janssen, Maarten C.W. & Parakhonyak, Alexei & Parakhonyak, Anastasia, 2017.
"Non-reservation price equilibria and consumer search,"
Journal of Economic Theory, Elsevier, vol. 172(C), pages 120-162.
- Maarten Janssen & Alexei Parakhonyak & Anastasia Parakhonyak, 2014. "Non-reservation price equilibria and Consumer search," HSE Working papers WP BRP 51/EC/2014, National Research University Higher School of Economics.
- Mark Armstrong, 2017.
"Ordered Consumer Search,"
Journal of the European Economic Association, European Economic Association, vol. 15(5), pages 989-1024.
- Armstrong, Mark, 2016. "Ordered Consumer Search," CEPR Discussion Papers 11566, C.E.P.R. Discussion Papers.
- Armstrong, Mark, 2016. "Ordered Consumer Search," MPRA Paper 72194, University Library of Munich, Germany.
- Nathan Larson, 2013.
"Niche products, generic products, and consumer search,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(2), pages 793-832, March.
- Larson, Nathan, 2008. "Niche products, generic products, and consumer search," MPRA Paper 32161, University Library of Munich, Germany, revised 2011.
- Belleflamme,Paul & Peitz,Martin, 2015.
"Industrial Organization,"
Cambridge Books,
Cambridge University Press, number 9781107687899, December.
- Belleflamme,Paul & Peitz,Martin, 2015. "Industrial Organization," Cambridge Books, Cambridge University Press, number 9781107069978, December.
- Mark Armstrong & Jidong Zhou, 2011.
"Paying for Prominence,"
Economic Journal, Royal Economic Society, vol. 121(556), pages 368-395, November.
- Armstrong, Mark & Zhou, Jidong, 2011. "Paying for prominence," MPRA Paper 30529, University Library of Munich, Germany.
- Astorne-Figari, Carmen & Yankelevich, Aleksandr, 2014. "Consumer search with asymmetric price sampling," Economics Letters, Elsevier, vol. 122(2), pages 331-333.
- Moraga-González, José L. & Sándor, Zsolt & Wildenbeest, Matthijs R., 2014.
"Prices, Product Differentiation, And Heterogeneous Search Costs,"
IESE Research Papers
D/1097, IESE Business School.
- José L. Moraga-González & Zsolt Sándor & Matthijs R. Wildenbeest, 2014. "Prices, Product Differentiation, and Heterogeneous Search Costs," Tinbergen Institute Discussion Papers 14-080/VII, Tinbergen Institute.
- José Luis Moraga Gonzalez & Zsolt Sándor & Matthijs R. Wildenbeest, 2014. "Prices, Product Differentiation, and Heterogeneous Search Costs," CESifo Working Paper Series 4889, CESifo.
- Jose L. Moraga-Gonzalez, 2015. "Prices, Product Differentiation, and Heterogeneous Search Costs," 2015 Meeting Papers 335, Society for Economic Dynamics.
- Ke, T. Tony & Villas-Boas, J. Miguel, 2019. "Optimal learning before choice," Journal of Economic Theory, Elsevier, vol. 180(C), pages 383-437.
- repec:eee:labchp:v:2:y:1986:i:c:p:849-919 is not listed on IDEAS
- Yongmin Chen & Tianle Zhang, 2018.
"Entry and Welfare in Search Markets,"
Economic Journal, Royal Economic Society, vol. 128(608), pages 55-80, February.
- Chen, Yongmin & Zhang, Tianle, 2013. "Entry and Welfare in Search Markets," MPRA Paper 52241, University Library of Munich, Germany.
- Wilson, Chris M., 2010.
"Ordered search and equilibrium obfuscation,"
International Journal of Industrial Organization, Elsevier, vol. 28(5), pages 496-506, September.
- Chris M. Wilson, 2008. "Ordered Search and Equilibrium Obfuscation," Economics Series Working Papers 401, University of Oxford, Department of Economics.
- Carl Davidson & Steven J. Matusz, 2010. "Our Motivation," Introductory Chapters, in: International Trade with Equilibrium Unemployment, Princeton University Press.
- Zhou, Jidong, 2011.
"Ordered search in differentiated markets,"
International Journal of Industrial Organization, Elsevier, vol. 29(2), pages 253-262, March.
- Zhou, Jidong, 2009. "Ordered Search in Differentiated Markets," MPRA Paper 13397, University Library of Munich, Germany.
- Jidong Zhou, 2009. "Ordered Search in Differentiated Markets," EERI Research Paper Series EERI_RP_2009_28, Economics and Econometrics Research Institute (EERI), Brussels.
- José Luis Moraga-González & Zsolt Sándor & Matthijs R. Wildenbeest, 2017.
"Prices and heterogeneous search costs,"
RAND Journal of Economics, RAND Corporation, vol. 48(1), pages 125-146, March.
- Moraga-González, José-Luis & Sándor, Zsolt & Wildenbeest, Matthijs, 2015. "Prices and Heterogeneous Search Costs," CEPR Discussion Papers 10657, C.E.P.R. Discussion Papers.
- T. Tony Ke & Zuo-Jun Max Shen & J. Miguel Villas-Boas, 2016. "Search for Information on Multiple Products," Management Science, INFORMS, vol. 62(12), pages 3576-3603, December.
- Haan, Marco A. & Moraga-González, José L. & Petrikaitė, Vaiva, 2018.
"A model of directed consumer search,"
International Journal of Industrial Organization, Elsevier, vol. 61(C), pages 223-255.
- Haan, Marco A. & Moraga-Gonz�lez, Jos�-Luis & Petrikaite, Vaiva, 2017. "A Model of Directed Consumer Search," CEPR Discussion Papers 11955, C.E.P.R. Discussion Papers.
- T. Tony Ke & Song Lin, 2020. "Informational Complementarity," Management Science, INFORMS, vol. 66(8), pages 3699-3716, August.
- Erik Brynjolfsson & Yu (Jeffrey) Hu & Duncan Simester, 2011. "Goodbye Pareto Principle, Hello Long Tail: The Effect of Search Costs on the Concentration of Product Sales," Management Science, INFORMS, vol. 57(8), pages 1373-1386, August.
- Menzio, Guido & Trachter, Nicholas, 2015.
"Equilibrium price dispersion with sequential search,"
Journal of Economic Theory, Elsevier, vol. 160(C), pages 188-215.
- Nicholas Trachter & Guido Menzio, 2014. "Equilibrium Price Dispersion with Sequential Search," 2014 Meeting Papers 984, Society for Economic Dynamics.
- Chen, Yongmin & Zhang, Tianle, 2018.
"Intermediaries and consumer search,"
International Journal of Industrial Organization, Elsevier, vol. 57(C), pages 255-277.
- Chen, Yongmin & Zhang, Tianle, 2016. "Intermediaries and Consumer Search," MPRA Paper 76051, University Library of Munich, Germany.
More about this item
Keywords
consumer search; sequential search; search with uncertainty; manufacturer suggested retail prices; vertical markets; signaling; cheap talk;JEL classification:
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
NEP fields
This paper has been announced in the following NEP Reports:- NEP-COM-2013-12-29 (Industrial Competition)
- NEP-CTA-2013-12-29 (Contract Theory & Applications)
- NEP-IND-2013-12-29 (Industrial Organization)
- NEP-MKT-2013-12-29 (Marketing)
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:iuk:wpaper:2013-14. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rick Harbaugh). General contact details of provider: http://edirc.repec.org/data/dpiubus.html .
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 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.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.