Behavior-Based Price Discrimination by a Patient Seller
Behavior-Based Price Discrimination by a Patient Seller
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耐心卖家基于行为的价格歧视
DOI:
10.1515/1935-1704.1889
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发表时间:
2011
期刊:
影响因子:
--
通讯作者:
K. McCardle
中科院分区:
文献类型:
--
作者:
S. Bikhchandani;K. McCardle
We investigate a model in which one seller and one buyer trade in each of two periods. The buyer has demand for one unit of a non-durable object per period. The buyer's reservation value for the good is private information and is the same in both periods. The seller commits to prices in each of two periods. Prices in the second period may depend on the buyer's first-period behavior. Unlike the equal discount factor case studied in earlier papers, we show that when the seller is more patient than the buyer, second-period prices increase after a purchase. In particular, the optimal dynamic pricing scheme is not a repetition of the optimal static pricing scheme.