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

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

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    Title: Asymmetric Awareness and Moral Hazzard  Author(s): AUSTER, Sarah Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: 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 ...
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    Title: Does Responsive Pricing Smooth Demand Shocks?  Author(s): COURTY, Pascal; PAGLIERO, Mario Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: 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 ...
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    Title: Price Variation Antagonism and Firm Pricing Policies  Author(s): COURTY, Pascal; PAGLIERO, Mario Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: 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 ...
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    Title: Do Consumers Care about How Prices Are Set?  Author(s): COURTY, Pascal; PAGLIERO, Mario Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: 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. ...