All Outputs (7)

Consumer data and price discrimination by consideration sets (2024)
Journal Article
Chioveanu, I. (2024). Consumer data and price discrimination by consideration sets. Economics Letters, 236, Article 111605. https://doi.org/10.1016/j.econlet.2024.111605

In a homogeneous product oligopoly with probabilistic consideration, identical retailers compete in prices over two periods. In period two, purchase history data enables price discrimination based on consumers’ consideration patterns. Retailers discr... Read More about Consumer data and price discrimination by consideration sets.

A more general model of price complexity (2019)
Journal Article
Chioveanu, I. (2020). A more general model of price complexity. International Journal of Industrial Organization, 69, Article 102563. https://doi.org/10.1016/j.ijindorg.2019.102563

This paper analyses a model of competition where the …rms set not only prices but also the complexity levels of their prices (which determine how di¢ cult it is for consumers to assess the price o¤ers). Unlike previous work, in this model, the …rms'c... Read More about A more general model of price complexity.

Prominence, complexity, and pricing (2019)
Journal Article
Chioveanu, I. (2019). Prominence, complexity, and pricing. International Journal of Industrial Organization, 63, 551-582. https://doi.org/10.1016/j.ijindorg.2018.12.005

This paper analyzes prominence in a homogeneous product market where two firms simultaneously choose both prices and price complexity levels. Market-wide complexity results in consumer confusion. Confused consumers are more likely to buy from the pro... Read More about Prominence, complexity, and pricing.

An Asymmetric Duopoly Model of Price Framing (2018)
Journal Article
Chioveanu, I. (2019). An Asymmetric Duopoly Model of Price Framing. BE Journal of Theoretical Economics, 19(2), https://doi.org/10.1515/bejte-2018-0068

This note considers an asymmetric duopoly model of price-frame competition in homogeneous product markets. The firms choose simultaneously prices and price formats, and frame differentiation limits price comparability leading to consumer confusion. H... Read More about An Asymmetric Duopoly Model of Price Framing.

Wholesale Price Discrimination: Innovation Incentives and Upstream Competition (2018)
Journal Article
Akgun, U., & Chioveanu, I. (2019). Wholesale Price Discrimination: Innovation Incentives and Upstream Competition. Journal of Economics and Management Strategy, 28(3), 510-519. https://doi.org/10.1111/jems.12284

In intermediate good markets where there are alternative supply sources, wholesale price discrimination may enhance innovation incentives downstream. We consider a vertical chain where a dominant …rm and a competitive fringe supply imperfect substitu... Read More about Wholesale Price Discrimination: Innovation Incentives and Upstream Competition.

Pro-Consumer Price Ceilings under Regulatory Uncertainty (2018)
Journal Article
Bennett, J., & Chioveanu, I. (2019). Pro-Consumer Price Ceilings under Regulatory Uncertainty. Scandinavian Journal of Economics, 121(4), 1757-1784. https://doi.org/10.1111/sjoe.12298

We examine optimal price ceilings when the regulator is uncertain about demand and maximizes expected consumer surplus. With perfect competition, large enough regulatory uncertainty calls for softer intervention, with the price ceiling set at a relat... Read More about Pro-Consumer Price Ceilings under Regulatory Uncertainty.

The Optimal Minimum Wage with Regulatory Uncertainty (2017)
Journal Article
Bennett, J., & Chioveanu, I. (2017). The Optimal Minimum Wage with Regulatory Uncertainty. Journal of Public Economic Theory, 19(6), 1136-1153. https://doi.org/10.1111/jpet.12276

For two different regulatory standards, we examine the optimal minimum wage in a competitive labor market when the government is uncertain about supply and demand. Solutions are related to underlying supply and demand conditions, and to the extent of... Read More about The Optimal Minimum Wage with Regulatory Uncertainty.