Pricing for sales and per-use rental services with vertical differentiation
Pricing for sales and per-use rental services with vertical differentiation
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具有垂直差异化的销售和每次使用租赁服务的定价
DOI:
10.1016/j.ejor.2018.03.035
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发表时间:
2018-10
影响因子:
6.4
通讯作者:
Xiaolong Guo
中科院分区:
文献类型:
--
作者:
Yugang Yu;Yuxuan Dong;Xiaolong Guo
An increasing number of firms are simultaneously offering consumers products for sale and for per-use rental services. Typically, the products offered in per-use rental services are different from those offered for sale. For example, automobiles offered in Daimler’s Car2Go program are “Smart” cars, which have a smaller size than the typical automobiles sold to consumers. Such a difference, which is objectively measurable and captured by quality, is called a vertical differentiation. This study investigates the optimal pricing problem for per-use rental services and sales, and reveals how per-use rental services interplay with sales when vertical differentiation exists. The optimal solution is unique and determined by a model that uses a marginal renter and a marginal buyer as decision variables rather than the prices of per-use rental services and sales. The vertical differentiation significantly influences a firm’s potential profitability. When the vertical differentiation falls into a certain interval, the potential profitability from per-use rental services is higher than that from sales, which explains why the per-use rental business model is increasing in popularity. Finally, the results show that offering products with a relatively high (low) quality in per-use rental services (sales) is highly profitable for product categories with a strong pooling effect or when there are high firm-side benefits from ownership. This finding enriches the existing literature by providing novel perspectives on ownership and the pooling effect, and these insights are illustrated through a numerical example.
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DOI:
10.2139/ssrn.2574337
发表时间:
2015-10
期刊:
Economics of Networks eJournal
影响因子:
--
作者:
S. Fraiberger;A. Sundararajan
通讯作者:
S. Fraiberger;A. Sundararajan
影响因子:
13.7
作者:
BULOW, J
通讯作者:
BULOW, J
DOI:
10.1287/mksc.1080.0458
发表时间:
2009-09
期刊:
Mark. Sci.
影响因子:
--
作者:
S. Bhaskaran;S. Gilbert
通讯作者:
S. Bhaskaran;S. Gilbert
影响因子:
22.7
作者:
Cacm Staff
通讯作者:
Cacm Staff
影响因子:
3.1
作者:
Daniel O’Maley
通讯作者:
Daniel O’Maley