| 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 |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| IS-99-04.pdf | 28.32 MB | Adobe PDF | View/Open |
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