Sales competition with heterogeneous firms
To better understand markets where firms use advertised sales, this paper presents a substantially generalized `clearinghouse' framework. The framework can permit multiple dimensions of form heterogeneity, and views firms as competing directly in utility rather than prices. As such, the paper c...
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2016
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Online Access: | https://hdl.handle.net/2134/22539 |
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rr-article-94943872016-01-01T00:00:00Z Sales competition with heterogeneous firms Sandro Shelegia (7195682) Christopher Wilson (1250766) Other economics not elsewhere classified Sales Advertising Price dispersion Clearinghouse Economics not elsewhere classified To better understand markets where firms use advertised sales, this paper presents a substantially generalized `clearinghouse' framework. The framework can permit multiple dimensions of form heterogeneity, and views firms as competing directly in utility rather than prices. As such, the paper can i) reproduce and extend many equilibria from the existing literature, ii) offer a range of new results on how firm heterogeneity affects market outcomes, iii) provide original insights into the number and type of firms that use advertised sales, and iv) offer a foundation to extend empirical procedures currently used in the study of sales and price dispersion. 2016-01-01T00:00:00Z Text Conference contribution 2134/22539 https://figshare.com/articles/conference_contribution/Sales_competition_with_heterogeneous_firms/9494387 CC BY-NC-ND 4.0 |
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Other economics not elsewhere classified Sales Advertising Price dispersion Clearinghouse Economics not elsewhere classified |
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Other economics not elsewhere classified Sales Advertising Price dispersion Clearinghouse Economics not elsewhere classified Sandro Shelegia Christopher Wilson Sales competition with heterogeneous firms |
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To better understand markets where firms use advertised sales, this paper presents a substantially generalized `clearinghouse' framework. The framework can permit multiple dimensions of form heterogeneity, and views firms as competing directly in utility rather than prices. As such, the paper can i) reproduce and extend many equilibria from the existing literature, ii) offer a range of new results on how firm heterogeneity affects market outcomes, iii) provide original insights into the number and type of firms that use advertised sales, and iv) offer a foundation to extend empirical procedures currently used in the study of sales and price dispersion. |
format |
Default Conference proceeding |
author |
Sandro Shelegia Christopher Wilson |
author_facet |
Sandro Shelegia Christopher Wilson |
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Sandro Shelegia (7195682) |
title |
Sales competition with heterogeneous firms |
title_short |
Sales competition with heterogeneous firms |
title_full |
Sales competition with heterogeneous firms |
title_fullStr |
Sales competition with heterogeneous firms |
title_full_unstemmed |
Sales competition with heterogeneous firms |
title_sort |
sales competition with heterogeneous firms |
publishDate |
2016 |
url |
https://hdl.handle.net/2134/22539 |
_version_ |
1794750022706790400 |