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DC Field | Value | Language |
---|---|---|
dc.citation.endPage | 228 | - |
dc.citation.number | 2 | - |
dc.citation.startPage | 207 | - |
dc.citation.title | HITOTSUBASHI JOURNAL OF ECONOMICS | - |
dc.citation.volume | 55 | - |
dc.contributor.author | Lee, Jin Hyuk | - |
dc.contributor.author | Park, Jae Ok | - |
dc.date.accessioned | 2023-12-22T01:49:05Z | - |
dc.date.available | 2023-12-22T01:49:05Z | - |
dc.date.created | 2014-12-30 | - |
dc.date.issued | 2014-12 | - |
dc.description.abstract | This paper studies the common pricing practice of firms selling a durable good at a low price and a complementary consumable good at a high price. In our model, consumers discount future payments while firms receive a steady-state flow of revenues from selling the durable and consumable goods. As a result, there are potential gains from deferring consumers' payments to the future. We show that when firms commit to constant prices and consumer lock-in is possible, firms choose pricing consistent with the practice in monopoly and competition. Our result provides a new efficiency argument in the aftermarket literature. | - |
dc.identifier.bibliographicCitation | HITOTSUBASHI JOURNAL OF ECONOMICS, v.55, no.2, pp.207 - 228 | - |
dc.identifier.issn | 0018-280X | - |
dc.identifier.scopusid | 2-s2.0-84929405281 | - |
dc.identifier.uri | https://scholarworks.unist.ac.kr/handle/201301/10282 | - |
dc.identifier.wosid | 000347144200006 | - |
dc.language | 영어 | - |
dc.publisher | HITOTSUBASHI ACAD | - |
dc.title | PRICING OF COMPLEMENTARY GOODS AS AN IMPLICIT FINANCIAL ARRANGEMENT | - |
dc.type | Article | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.subject.keywordAuthor | aftermarkets | - |
dc.subject.keywordAuthor | complementary goods | - |
dc.subject.keywordAuthor | consumer lock-in | - |
dc.subject.keywordAuthor | durable goods | - |
dc.subject.keywordAuthor | implicit financial arrangements | - |
dc.subject.keywordPlus | TIE-IN SALES | - |
dc.subject.keywordPlus | DURABLE GOODS | - |
dc.subject.keywordPlus | MONOPOLY MAINTENANCE | - |
dc.subject.keywordPlus | MARKETS | - |
dc.subject.keywordPlus | AFTERMARKETS | - |
dc.subject.keywordPlus | COMPETITION | - |
dc.subject.keywordPlus | DURABILITY | - |
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