A theory of weekly specials

Detalhes bibliográficos
Autor(a) principal: Braido, Luís Henrique Bertolino
Data de Publicação: 2004
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/12112
Resumo: Multiproduct retailers facing similar costs and serving the same public commonly announce different weekly specials. These promotional prices also seem to evolve randomly over the weeks. Here, weekly specials are viewed as the strategic outcome of an oligopolistic price competition among multiproduct retail stores facing nonconvex costs. Existence of an equilibrium in mixed strategies is proven. ldentical stores serving the same public will never charge the same price vector with probability one (cross-store price dispersion). Mixed strategies can generate random price dispersion over time in the repeated version of the mode!.
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spelling Braido, Luís Henrique BertolinoEscolas::EPGEFGV2014-10-15T12:57:52Z2014-10-15T12:57:52Z2004-11-04http://hdl.handle.net/10438/12112Multiproduct retailers facing similar costs and serving the same public commonly announce different weekly specials. These promotional prices also seem to evolve randomly over the weeks. Here, weekly specials are viewed as the strategic outcome of an oligopolistic price competition among multiproduct retail stores facing nonconvex costs. Existence of an equilibrium in mixed strategies is proven. ldentical stores serving the same public will never charge the same price vector with probability one (cross-store price dispersion). Mixed strategies can generate random price dispersion over time in the repeated version of the mode!.engEscola de Pós-Graduação em Economia da FGVSeminários de pesquisa econômica da EPGEWeekly specialsSalesPrice promotionRetail storesSupermarketsLoss leadingBertrand competitionEconomiaPreços - DeterminaçãoVendas - PromoçãoA theory of weekly specialsinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINAL000354185.pdf000354185.pdfapplication/pdf522257https://repositorio.fgv.br/bitstreams/1ac6ee0c-e96f-4401-acd5-054cec11f1b0/downloadb5285a491e12f973b961e4dbed89ba94MD51LICENSElicense.txtlicense.txttext/plain; charset=utf-84707https://repositorio.fgv.br/bitstreams/717a1212-9206-4f3c-8fa5-f493b7ba37d4/downloaddfb340242cced38a6cca06c627998fa1MD52TEXT000354185.pdf.txt000354185.pdf.txtExtracted 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dc.title.eng.fl_str_mv A theory of weekly specials
title A theory of weekly specials
spellingShingle A theory of weekly specials
Braido, Luís Henrique Bertolino
Weekly specials
Sales
Price promotion
Retail stores
Supermarkets
Loss leading
Bertrand competition
Economia
Preços - Determinação
Vendas - Promoção
title_short A theory of weekly specials
title_full A theory of weekly specials
title_fullStr A theory of weekly specials
title_full_unstemmed A theory of weekly specials
title_sort A theory of weekly specials
author Braido, Luís Henrique Bertolino
author_facet Braido, Luís Henrique Bertolino
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.author.fl_str_mv Braido, Luís Henrique Bertolino
dc.subject.eng.fl_str_mv Weekly specials
Sales
Price promotion
Retail stores
Supermarkets
topic Weekly specials
Sales
Price promotion
Retail stores
Supermarkets
Loss leading
Bertrand competition
Economia
Preços - Determinação
Vendas - Promoção
dc.subject.por.fl_str_mv Loss leading
Bertrand competition
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Preços - Determinação
Vendas - Promoção
description Multiproduct retailers facing similar costs and serving the same public commonly announce different weekly specials. These promotional prices also seem to evolve randomly over the weeks. Here, weekly specials are viewed as the strategic outcome of an oligopolistic price competition among multiproduct retail stores facing nonconvex costs. Existence of an equilibrium in mixed strategies is proven. ldentical stores serving the same public will never charge the same price vector with probability one (cross-store price dispersion). Mixed strategies can generate random price dispersion over time in the repeated version of the mode!.
publishDate 2004
dc.date.issued.fl_str_mv 2004-11-04
dc.date.accessioned.fl_str_mv 2014-10-15T12:57:52Z
dc.date.available.fl_str_mv 2014-10-15T12:57:52Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/12112
url http://hdl.handle.net/10438/12112
dc.language.iso.fl_str_mv eng
language eng
dc.relation.ispartofseries.por.fl_str_mv Seminários de pesquisa econômica da EPGE
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
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