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

See all articles by Suren Basov

Suren Basov

University of Melbourne - Department of Economics

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

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

Suren Basov (Contact Author)

University of Melbourne - Department of Economics ( email )

Australia

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
16
Abstract Views
196
PlumX Metrics