How Service Quality Variability Hurts Revenue When Customers Learn: Implications for Dynamic Personalized Pricing
How Service Quality Variability Hurts Revenue When Customers Learn: Implications for Dynamic Personalized Pricing
复制标题
当客户了解时,服务质量变化如何影响收入:动态个性化定价的影响
DOI:
10.2139/ssrn.3082370
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发表时间:
2020
期刊:
影响因子:
--
通讯作者:
Jordan D. Tong
中科院分区:
文献类型:
--
作者:
Gregory A. DeCroix;Xiaoyang Long;Jordan D. Tong
Most service settings involve some degree of variability in the quality of customers’ experiences. An understudied mechanism is analyzed by which this variability can reduce firm revenues when customers do not know true service quality but rather learn about that quality over time based on their experiences. Essentially, customers get stuck with low-quality opinions and low purchase likelihoods after unusually bad experiences. However, high-quality opinions after unusually good experiences are quickly corrected. The authors show that dynamic pricing can help mitigate this effect. Specifically, if the firm can set individual prices so that each customer perceives the same surplus, then the variability impact is entirely eliminated. They also demonstrate that simpler heuristics similar to those observed in practice (requiring less information and pricing flexibility) can partially mitigate the revenue loss.
DOI:
10.2139/ssrn.2579462
发表时间:
2015-03
期刊:
Revenue & Yield Management eJournal
影响因子:
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作者:
Xi Chen;Zachary Owen;Clark Pixton;D. Simchi-Levi
通讯作者:
Xi Chen;Zachary Owen;Clark Pixton;D. Simchi-Levi
DOI:
10.2139/ssrn.3127719
发表时间:
2018-10
期刊:
Operations Research eJournal
影响因子:
--
作者:
Adam N. Elmachtoub;Vishal Gupta;Michael L. Hamilton
通讯作者:
Adam N. Elmachtoub;Vishal Gupta;Michael L. Hamilton