Results 201 to 210 of about 60,244 (278)

Dynamic Pricing With Recommendation and Consumer Feedback

open access: yesThe RAND Journal of Economics, EarlyView.
ABSTRACT A long‐lived seller sells a new product of unknown value by offering prices and recommendations to short‐lived consumers in continuous time. The seller receives consumer feedback about the product at a rate that increases with the instantaneous sales volume.
Wenji Xu, Shuoguang Yang
wiley   +1 more source

Stable Price Dispersion under Heterogeneous Buyer Consideration

open access: yesThe RAND Journal of Economics, EarlyView.
ABSTRACT We study the pricing of homogeneous products sold to customers who consider different sets of suppliers. We identify prices that are stable in the sense that no firm wishes to undercut a rival or to raise its price when rivals are able to respond by offering special deals.
David P. Myatt, David Ronayne
wiley   +1 more source

Inflated Recommendations

open access: yesThe RAND Journal of Economics, EarlyView.
ABSTRACT Biased recommendations arise naturally in markets with heterogeneous consumers. We study a model in which a monopolist offers an experience good to a population of consumers with heterogeneous tastes and makes personalized purchase recommendations.
Martin Peitz, Anton Sobolev
wiley   +1 more source

Public Trust in Global AI Governance Across Geopolitical Rivals

open access: yesGlobal Policy, EarlyView.
ABSTRACT The global governance of artificial intelligence (AI) depends on coordination among national governments, international organizations, and non‐state actors. While existing research has mapped the institutional complexity of the emerging AI regime, public trust in the stakeholders involved remains underexplored.
Xiaojun Li
wiley   +1 more source

Development Lending and Debt Discipline: The Political Economy of External Finance in Brazil

open access: yesGlobal Policy, EarlyView.
ABSTRACT This article examines Brazil's External Financing Commission (COFIEX), a centralized body that approves all public‐sector external borrowing and exemplifies efforts in middle‐income democracies to reconcile fiscal restraint with the demands of strategic public investment.
Benjamin Vidmar, Felipe Krause
wiley   +1 more source

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