Pricing multiple products with the multinomial logit and nested logit models: Concavity and implications
We consider the problem of pricing multiple differentiated products with the nested logit
model and, as a special case, the multinomial logit model. We prove that concavity of the …
model and, as a special case, the multinomial logit model. We prove that concavity of the …
Multiproduct price optimization and competition under the nested logit model with product-differentiated price sensitivities
We study firms that sell multiple substitutable products and customers whose purchase
behavior follows a nested logit model, of which the multinomial logit model is a special case …
behavior follows a nested logit model, of which the multinomial logit model is a special case …
Dynamic pricing and inventory control of substitute products
L Dong, P Kouvelis, Z Tian - Manufacturing & Service …, 2009 - pubsonline.informs.org
We study dynamic pricing and inventory control of substitute products for a retailer who faces
a long supply lead time and a short selling season. Within a multinomial logit model of …
a long supply lead time and a short selling season. Within a multinomial logit model of …
International price discrimination in the European car market
F Verboven - The RAND Journal of Economics, 1996 - JSTOR
Why are car prices so different across European countries? I construct and estimate an
oligopoly model to analyze whether international price discrimination can explain the …
oligopoly model to analyze whether international price discrimination can explain the …
Competition for attention
We present a model of market competition in which consumers' attention is drawn to the
products' most salient attributes. Firms compete for consumer attention via their choices of …
products' most salient attributes. Firms compete for consumer attention via their choices of …
Constrained assortment optimization for the nested logit model
G Gallego, H Topaloglu - Management Science, 2014 - pubsonline.informs.org
We study assortment optimization problems where customer choices are governed by the
nested logit model and there are constraints on the set of products offered in each nest …
nested logit model and there are constraints on the set of products offered in each nest …
Efficiency and substitutability of transit subsidies and other urban transport policies
This paper analyzes the efficiency of and the substitutability between three urban congestion
management policies: transit subsidization, car congestion pricing, and dedicated bus lanes …
management policies: transit subsidization, car congestion pricing, and dedicated bus lanes …
Multiproduct‐firm oligopoly: An aggregative games approach
We develop an aggregative games approach to study oligopolistic price competition with
multiproduct firms. We introduce a new class of IIA demand systems, derived from …
multiproduct firms. We introduce a new class of IIA demand systems, derived from …
Does merger simulation work? Evidence from the Swedish analgesics market
J Björnerstedt, F Verboven - American Economic Journal: Applied …, 2016 - aeaweb.org
We analyze a large merger in the Swedish market for analgesics (painkillers). The merging
firms raised prices by 40 percent, and some outsiders raised prices by more than 10 percent …
firms raised prices by 40 percent, and some outsiders raised prices by more than 10 percent …
Product price, quality, and service decisions under consumer choice models
Problem definition: In this paper, we develop an integrated framework to study a firm's joint
decisions on product price, quality, and service duration in a variety of monopolistic and …
decisions on product price, quality, and service duration in a variety of monopolistic and …