Two-period pricing strategies in the presence of social learning and herding effect

DOI10.3934/JIMO.2023099OpenAlexW4385671512MaRDI QIDQ6065196

Xiaofei Tian, Musen Xue

Publication date: 11 December 2023

Published in: Journal of Industrial and Management Optimization (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3934/jimo.2023099

zbMATH Keywords

social learningdynamic pricingprice commitmentherding effecttwo-period pricing

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Consumer behavior, demand theory (91B42) Social learning (91D15)

Cites Work

• The effects of herding and word of mouth in a two-period advertising signaling model
• Managing a supply chain under the impact of customer reviews: a two-period game analysis
• Information Sharing in a Supply Chain with Horizontal Competition
• Membership Herding and Network Stability in the Open Source Community: The Ising Perspective
• Bayesian Social Learning from Consumer Reviews
• Pricing Decisions with Social Interactions: A Game-Theoretic Model

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