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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/14279
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| Title: | Viscous Demand |
| Authors: | Radner, Roy |
| Issue Date: | Aug-1999 |
| Publisher: | Stern School of Business, New York University |
| Series/Report no.: | IS-99-04 |
| Abstract: | In many markets, demand adjusts slowly to changes in prices, i.e.,
demand is "viscous." For such a market, the time path of a
firm's prices acquires added significance, compared with the case of
instantaneous demand response. In this paper I explore some problems in
strategic dynamic pricing of a service, in the presence of viscous
demand, for simple models of a monopoly and a duopoly. |
| URI: | http://hdl.handle.net/2451/14279 |
| Appears in Collections: | IOMS: Information Systems Working Papers
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