Hasan, Syed Akif and Subhani, Muhammad Imtiaz and Osman, Ms. Amber and Mehar, Ayub (2012): Pricing behavior of firms when consumers have an Imperfect Recall. Forthcoming in: American Journal of Scientific Research
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Operating in markets which include the characteristics of both the perfect and imperfect competitions has never been so easy for a firm, while setting an acceptable price. Various firms show various pricing behavior to generate and maximize revenues. This paper is an attempt to encompass pricing behaviors of firms when consumers have imperfect recall for the past prices of the products, while giving a thought to ponder that which of the behaviors has an optimal rationale when a firm sets market price for a commodity. The findings concludes that firms set prices as similar as monopolist when the consumers of their products have imperfect recall for price they offered already in yore.
|Item Type:||MPRA Paper|
|Original Title:||Pricing behavior of firms when consumers have an Imperfect Recall|
|English Title:||Pricing behavior of firms when consumers have an Imperfect Recall|
|Keywords:||Imperfect recall, pricing behavior, monopolist, hotelling tradeoff|
|Subjects:||M - Business Administration and Business Economics; Marketing; Accounting > M0 - General
D - Microeconomics > D1 - Household Behavior and Family Economics > D11 - Consumer Economics: Theory
|Depositing User:||Muhammad Imtiaz Subhani|
|Date Deposited:||02. Jan 2012 15:55|
|Last Modified:||15. Feb 2013 21:14|
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