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Consumer Learning and a Firm’s Dynamic Pricing Strategy
(Georgetown University, 2021)
In the traditional discrete choice model, we assume that consumers know the product attributes without uncertainty. Learning models extend the discrete choice model by assuming that consumers have incomplete information ...
Consumer Learning and a Firm’s Dynamic Pricing Strategy
(Georgetown University, 2021)
In the traditional discrete choice model, we assume that consumers know the product attributes without uncertainty. Learning models extend the discrete choice model by assuming that consumers have incomplete information ...