Title:Price Variation Antagonism and Firm Pricing Policies
Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2010Type of Publication:ArticleAbstract:Pricing schemes that vary prices in response to demand shocks may antagonize consumers and reduce demand. At the same time, consumers may take advantage of the opportunities offered by price changes. Overall, the net impact ...
Title:Frictional Matching: Evidence from Law School Admission
Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We measure friction in the matching of students and law schools as the number of unnecessary student applications and school admissions that have to be undertaken per actual matriculation. We show that friction increases ...
Title:Curbing Cream-Skimming: Evidence on Enrolment Incentives
Author(s):COURTY, Pascal; KIM, Do Han; MARSCHKE, GeraldDate:2009Type of Publication:Working PaperSeries/Report no.:2009/03Abstract:Using data from a large, U.S. federal job training program, we investigate whether enrolment incentives that exogenously vary the ‘shadow prices’ for serving different demographic subgroups of clients influence case workers’ ...
Title:Price Discrimination in the Concert Industry
Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Concert tickets can either be sold at a single price or at different prices to reflect the various levels of seating categories available. Here we consider how two product characteristics (the artist’s age and venue capacity) ...
Title:Unpriced Quality Number
Author(s):COURTY, PascalDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:A monopolist deliberately charges the same price for differentiated products when high quality products are more likely to be allocated to low type consumers under uniform pricing. The argument can explain the use of ...
Title:Suspense: Dynamic Incentives in Sports Contests
Author(s):CHAN, William; COURTY, Pascal; HAO, LiDate:2009Type of Publication:ArticleAbstract:In a dynamic model of sports competition, if spectators care only about contestants' efforts, incentive schemes depending linearly on the final score difference dominate rank order schemes based only on who wins. If ...
Title:The Impact of Price Discrimination on Revenue: Evidence from the Concert Industry
Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Concert tickets can either be sold at a single price or at multiple prices corresponding to different seating categories. We study the relationship between price discrimination and revenue by examining variations in the ...
Title:Responsive Pricing
Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2008Type of Publication:ArticleAbstract:Abstract We study the efficiency property of responsive pricing, a scheme that proposes to increase prices as a function of the level of capacity utilization in environments where traditional allocation schemes (e.g. ...
Title:A general test for distortions in performance measures
Author(s):COURTY, Pascal; MARSCHKE, GeraldDate:2008Type of Publication:ArticleAbstract:Results from the incentive literature suggest that performance measures are often distorted, eliciting dysfunctional and unintended responses. The existence of these responses, however, is difficult to demonstrate in ...
Title:Price Variation Antagonism and Firm Pricing Policies
Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Pricing schemes that vary prices in response to demand shocks may antagonize consumers and reduce demand. At the same time, consumers may take advantage of the opportunities offered by price changes. Overall, the net impact ...
Title:Do Consumers Care about How Prices Are Set?
Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Using a survey approach, we ask consumers to reveal their preferences over pricing
schemes that may differ in terms of the average price of consumption, the amount of price
variation, and the probability of being rationed. ...
Title:Does Responsive Pricing Smooth Demand Shocks?
Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Using data from a unique pricing experiment, we investigate Vickrey’s conjecture
that responsive pricing can be used to smooth both predictable and unpredictable demand
shocks. Our evidence shows that increasing the ...
Title:Making Government Accountable: Lessons from a Federal Job Training Program
Author(s):COURTY, Pascal; MARSCHKE, GeraldDate:2007Type of Publication:ArticleAbstract:This article describes the evolution of a performance measurement system in a government job training program. In this program, a federal agency establishes performance measures and standards for substate agencies. The ...
Title:Price Variation Antagonism and Firm Pricing Policies
Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2006Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Survey evidence suggests firms do not use pricing policies that vary prices in
response to demand changes because they fear that such practices would antagonize
consumers. We investigate this hypothesis using a dataset ...
Title:Benchmarking Performance
Author(s):COURTY, Pascal; MARSCHKE, GeraldDate:2005Type of Publication:Article
Title:A General Test of Gaming
Author(s):COURTY, Pascal; MARSCHKE, GeraldDate:2004Type of Publication:Working PaperSeries/Report no.:Discussion Paper
Title:A General Test of Gaming
Author(s):COURTY, Pascal; MARSCHKE, GeraldDate:2004Type of Publication:Working PaperSeries/Report no.:EUI ECO