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.


© 2005 International Economic Journal
Last updated on 28-April-2005. Please send inquiries and suggestions to iejournal@uwm.edu.