CEIS-Tor Vergata is pleased to inform you that, on Friday May 3rd, 2013 at 12.00 pm, prof. Andrea Pozzi (EIEF) will present a paper on “Price Setting with Customer Retention Concerns” ABSTRACT Since the seminal work on customer competition in Beggs and Klemperer (1992), there has been a growing interest understanding the implications of customer acquisition and retention policies in general equilibrium quantifiable models. Examples are, among others, Menzio (2007), Kleshchelski and Vincent (2009), Gourio and Rudanko (2011), Nakamura and Steinsson (2011), Shi (2011), and Drozd and Nosal (2012). We make three separate contribution to this burgeoning literature. First, we provide novel direct evidence on the degree of customer retention, adding to the still scant empirical literature on the topic. Second, we characterize new important properties of pricing behavior in a model where firms have customer retention concerns. Finally, we combine model and data to quantify the effect of customer retention concerns on the degree of pass-through. The Seminar will be held at the Faculty of Economics, University of Rome "Tor Vergata", B-building, 1° floor, room B Please, go to www.ceistorvergata.it for the complete list of seminars and events at CEIS. How to reach us: http://web.uniroma2.it/mobilita/index.html http://www.economia.uniroma2.it/area.asp?a=867 Barbara Piazzi __________ Informazioni da ESET NOD32 Antivirus, versione del database delle firme digitali 8279 (20130429) __________ Il messaggio è stato controllato da ESET NOD32 Antivirus. www.nod32.it |
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