Trade-ins and Introductory offers in a Monopoly

Détails

ID Serval
serval:BIB_F2D43EDB3032
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Titre
Trade-ins and Introductory offers in a Monopoly
Périodique
The RAND Journal of Economics
Auteur⸱e⸱s
van Ackere A., Reyniers D.
ISSN
0741-6261
Statut éditorial
Publié
Date de publication
1995
Peer-reviewed
Oui
Volume
26
Numéro
1
Pages
58-74
Langue
anglais
Résumé
We model the commonly used marketing practices of offering discounts to either repeat buyers (trade-ins) or new buyers (introductory offers) of a quasi-durable good. We analyze these practices in terms of their potential for intertemporal and third-degree price discrimination. In our two-period model, the monopolist sets a first-period price that segments the second-period market optimally into holders and nonholders of the good. In the second period, different prices are quoted to the two market segments. We present three versions of the model with varying assumptions on consumers' rationality.
Mots-clé
Switching costs, durable goods, sales, markets
Web of science
Création de la notice
02/06/2009 15:36
Dernière modification de la notice
20/08/2019 17:20
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