Dynamic Pricing in the Presence of Social Learning and Strategic ...

Our analysis yields three main insights. ... Second, we establish that under both preannounced and responsive pricing, even though the social ...

Second, we establish that under both pre-announced and responsive pricing, even though the social learning process exacerbates strategic consumer behavior (i.e. ...

Dynamic Pricing in the Presence of Social Learning and Strategic ...

Our analysis yields three main insights. ... Second, we establish that under both preannounced and responsive pricing, even though the social learning process ...

Dynamic Pricing in the Presence of Social Learning

Individual learning generates ex post heterogeneity, which affects the buyers' purchasing decisions and the firm's pricing strategy. When learning is through ...

Dynamic Pricing in the Presence of Social Learning and Strategic ...

This paper investigates how the presence of social learning affects the strategic interaction between a dynamic-pricing monopolist and a forward-looking ...

Dynamic Pricing in the Presence of Social Learning and Strategic ...

Second, we establish that under both preannounced and responsive pricing, even though the social learning process exacerbates strategic consumer behavior (i.e., ...

Dynamic Pricing in the Presence of Participation-Dependent Social ...

We study how such a learning process affects the provider's dynamic pricing strategy. With a simple two-period model, we analyze the strategic interactions ...

(PDF) Dynamic Pricing in the Presence of Social Learning and ...

TL;DR: This paper investigates how the presence of social learning affects the strategic interaction between a dynamic-pricing monopolist and a forward-looking ...

Dynamic Pricing in the Presence of Social Learning and Strategic ...

When the firm does not commit to a price path (responsive pricing), social interactions have no effect on strategic consumer behaviour, nevertheless the firm ...

Dynamic pricing and advertising in the presence of strategic ...

Dynamic pricing and advertising in the presence of strategic consumers and social contagion: A mean-field game approach☆ · Numerical simulations · Conclusion.

Two-period pricing strategies in the presence of social learning and ...

The findings indicate that the optimal pricing strategy is contingent upon the interplay of social learning, herding effect, and the degree of consumer ...

Dynamic pricing in the presence of social externalities and reference ...

We find that a penetration pricing strategy can be both strengthened or weakened by forward-looking consumer behavior depending on the underlying dynamics. Our ...

Dynamic Pricing in the Presence of Participation-Dependent Social ...

In this paper, we consider a participation-dependent social learning over the QoS through users' online reviews, where the QoS changes with the number of review ...

Dynamic pricing in the presence of reference price effect and ...

This paper presents a model for designing two-stage dynamic pricing strategies when the seller faces strategic consumers in the presence of a reference price ...

Dynamic pricing for new experience products in pre-sale mode

When enterprises launch new products, they usually obtain more consumers' prior beliefs through a pre-sale mode, in which consumers engage in social learning ( ...

Dynamic Pricing Under Social Learning with Strategic Consumers

Consumers observe prices and sales in earlier periods to learn about the product. Every period they decide whether to consume the product or to ...

Dynamic pricing in the presence of participation-dependent social ...

We study how such a learning process affects the provider's dynamic pricing strategy. With a simple two-period model, we analyze the strategic ...

[PDF] Dynamic Pricing in the Presence of Strategic Consumers and ...

It is demonstrated that strategic behavior by consumers can have serious impacts on revenues if firms ignore that behavior in their dynamic pricing policies ...

Optimal dynamic pricing for public transportation considering ...

Finally, it is clear from the existing literature that consumers' social learning behaviors have a significant impact on firms' pricing ...

Monopoly Pricing in the Presence of Social Learning 1 Introduction

Candogan, Bimpikis, and Ozdaglar (2012) consider optimal pricing strategies of a monopolist selling a product to consumers who are embedded in a social network ...