dc.contributor.author |
Fabrizi, Simona |
en |
dc.contributor.author |
Lippert, Steffen |
en |
dc.contributor.author |
Puppe, C |
en |
dc.contributor.author |
Rosenkranz, S |
en |
dc.date.accessioned |
2017-07-31T21:49:10Z |
en |
dc.date.issued |
2016-04 |
en |
dc.identifier.citation |
Journal of Economic Psychology 53:141-153 Apr 2016 |
en |
dc.identifier.issn |
0167-4870 |
en |
dc.identifier.uri |
http://hdl.handle.net/2292/34637 |
en |
dc.description.abstract |
We study a model of vertical relations with imperfect retail competition in which a fraction of the consumers display reference-dependent demand with respect to the manufacturer’s suggested retail price. We demonstrate that in equilibrium the suggestion will either be undercut or complied with by the retailers, but never surpassed: undercutting occurs if competition is fierce, the impact from consumers affected by reference-dependent preferences is significant, and high price suggestions are credible; compliance occurs otherwise. We provide comparisons, and discuss implications, for consumer surplus for the scenarios with suggested retail prices, without vertical restraints and with resale price maintenance. |
en |
dc.publisher |
Elsevier |
en |
dc.relation.ispartofseries |
Journal of Economic Psychology |
en |
dc.rights |
Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. |
en |
dc.rights.uri |
https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm |
en |
dc.title |
Manufacturer suggested retail prices, loss aversion and competition |
en |
dc.type |
Journal Article |
en |
dc.identifier.doi |
10.1016/j.joep.2016.02.001 |
en |
pubs.begin-page |
141 |
en |
pubs.volume |
53 |
en |
dc.rights.holder |
Copyright: Elsevier |
en |
pubs.end-page |
153 |
en |
pubs.publication-status |
Published |
en |
dc.rights.accessrights |
http://purl.org/eprint/accessRights/RestrictedAccess |
en |
pubs.subtype |
Article |
en |
pubs.elements-id |
522765 |
en |
pubs.org-id |
Business and Economics |
en |
pubs.org-id |
Economics |
en |
pubs.record-created-at-source-date |
2017-08-01 |
en |