Optimal Monopoly Pricing Under Bounded Rationality and Customers Turnover
Science Direct Working Paper No S1574-0358(04)70223-3
38 Pages Posted: 13 Mar 2018
Date Written: May 2002
Abstract
The paper developes the model of optimal monopoly pricing under the viscous demand and customers turnover. The main findings are that the monopoly prices high during a fad, fads, however, are short lived.
Keywords: Applied Mathematics, Applied_mathematics/0205005
Suggested Citation: Suggested Citation
Basov, Suren, Optimal Monopoly Pricing Under Bounded Rationality and Customers Turnover (May 2002). Science Direct Working Paper No S1574-0358(04)70223-3, Available at SSRN: https://ssrn.com/abstract=3137640
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