| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3244 |
| DP3244 Deposit Insurance and International Bank Deposits | |
| Harry Huizinga; Gaëtan Nicodème | |
| 发表日期 | 2003-03-20 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | Consumption of certain commodities produces transitory saturation, in the sense that potential instantaneous utility for an additional unit is very low immediately after a consumption episode, but increases over time. Such cyclical patterns of preferences have important implications for monopoly pricing: (i) In the absence of commitment, prices may be close to marginal cost. (ii) Prices may be non-monotonic with respect to the degree of commitment, reaching a maximum for intermediate degrees of commitment. (iii) Introduction of loyalty-rewarding schemes may benefit both buyers and sellers. (iv) Restrictions on the timing of purchases (purchase deadlines, sales, contracting both price and frequency) are likely to hurt consumers and increase efficiency. |
| 主题 | Industrial Organization |
| 关键词 | Cyclical preferences Repeat purchases Monopoly pricing Loyalty-rewarding schemes |
| URL | https://cepr.org/publications/dp3244 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532800 |
| 推荐引用方式 GB/T 7714 | Harry Huizinga,Gaëtan Nicodème. DP3244 Deposit Insurance and International Bank Deposits. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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