Browsing Department of Economics (ECO) by Subject "D01"

Now showing items 1-4 of 4

Title:Asymmetric Awareness and Moral Hazzard Author(s):AUSTER, SarahDate:2012Type:Working PaperSeries/Number:EUI ECO; 2012/23Abstract:This paper introduces asymmetric awareness into the classical principal-agent model and discusses the optimal contract between a fully aware principal and an unaware agent. The principal enlarges the agent’s awareness ...
Title:Does Responsive Pricing Smooth Demand Shocks? Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2008Type:Working PaperSeries/Number:EUI ECO; 2008/01Abstract: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:Price Variation Antagonism and Firm Pricing Policies Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2008Type:Working PaperSeries/Number:EUI ECO; 2008/02Abstract: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:Working PaperSeries/Number:EUI ECO; 2008/03Abstract: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. ...