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Dynamic pricing of network goods with boundedly rational consumers
We present a model of dynamic monopoly pricing for a good that displays network effects. In contrast with the standard notion of a rational-expectations equilibrium, we model consumers as boundedly rational and unable either to pay immediate attention to each price change or to make accurate forecas...
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| Main Authors: | , , |
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| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado em: |
National Academy of Sciences
2014
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| Assuntos: | |
| Acesso em linha: | https://ncbi.nlm.nih.gov/pmc/articles/PMC3890883/ https://ncbi.nlm.nih.gov/pubmed/24367101 https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1073/pnas.1319543110 |
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