| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4133 |
| DP4133 Opening the Black Box: Structural Factor Models versus Structural VARs | |
| Marco Lippi; Lucrezia Reichlin; Mario Forni | |
| 发表日期 | 2003-12-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | Responsive pricing proposes to increase efficiency by introducing a direct linkage between market conditions and changes in prices. This link is established by giving selective discounts that vary in real time as a function of the level of unused capacity. Using data from a unique pricing experiment in Internet cafés, we address the question of whether consumers respond to instantaneous price changes, and whether responsive pricing increases welfare. Our results show that the most responsive scheme in our sample increases occupancy by 11% over peak-load pricing. Welfare increases by an amount that corresponds to 12% of total consumer expenditure. |
| 主题 | Industrial Organization |
| 关键词 | Responsive pricing |
| URL | https://cepr.org/publications/dp4133 |
| 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/533108 |
| 推荐引用方式 GB/T 7714 | Marco Lippi,Lucrezia Reichlin,Mario Forni. DP4133 Opening the Black Box: Structural Factor Models versus Structural VARs. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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