Loss aversion and the uniform pricing puzzle for media and entertainment products

DOI10.1007/s00199-017-1055-yzbMath1416.91124OpenAlexW2615430090MaRDI QIDQ1616076

Javad Nasiry, Pascal Courty

Publication date: 31 October 2018

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-017-1055-y

zbMATH Keywords

vertically differentiated productspersonal equilibriumexpectations-based loss aversionuniform pricing puzzle

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Consumer behavior, demand theory (91B42)

Related Items (6)

Price discrimination with loss averse consumers ⋮ Consumer loss aversion and scale-dependent psychological switching costs ⋮ Price signaling with salient-thinking consumers ⋮ The effect of loss preference on queueing with information disclosure policy ⋮ Does vertical integration enhance non-price efficiency? Evidence from the movie theater industry ⋮ Sellouts, beliefs, and bandwagon behavior

Cites Work

• Monopoly and product quality
• X-games
• The expectation-based loss-averse newsvendor
• Dynamic Pricing with Loss-Averse Consumers and Peak-End Anchoring
• When Is Price Discrimination Profitable?
• Revenue Management Under a General Discrete Choice Model of Consumer Behavior
• A Model of Reference-Dependent Preferences*
• Regular prices and sales
• Resale and Rent-Seeking: An Application to Ticket Markets

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