|
|
|
|
Title: |
Pricing of a new product with consumer learning |
| Author: |
Hahn, Sunku |
| Author
Affiliation: |
Yonsei University, Korea |
| Source: |
International Economic Journal, March 2005, v. 19, no. 1, pp. 37-49 |
|
Publication Date: |
March 2005 |
|
Abstract: |
Sometimes firms sell their products only for a limited time. This phenomenon can be interpreted as the firms' strategy to increase their profits by prohibiting consumers from learning their personal values of the product as time passes. This explanation can also be used to explain the firms' strategy to set low prices on their new products for only a limited time. |
|