A theory of weekly specials

dc.contributor.author	Braido, Luís Henrique Bertolino
dc.date.accessioned	2014-10-15T12:57:52Z
dc.date.available	2014-10-15T12:57:52Z
dc.date.issued	2004-11-04
dc.identifier.uri	http://hdl.handle.net/10438/12112
dc.description.abstract	Multiproduct retailers facing similar costs and serving the same public commonly announce different weekly specials. These promotional prices also seem to evolve randomly over the weeks. Here, weekly specials are viewed as the strategic outcome of an oligopolistic price competition among multiproduct retail stores facing nonconvex costs. Existence of an equilibrium in mixed strategies is proven. ldentical stores serving the same public will never charge the same price vector with probability one (cross-store price dispersion). Mixed strategies can generate random price dispersion over time in the repeated version of the mode!.	eng
dc.language.iso	eng
dc.publisher	Escola de Pós-Graduação em Economia da FGV	por
dc.relation.ispartofseries	Seminários de pesquisa econômica da EPGE	por
dc.subject	Weekly specials	eng
dc.subject	Sales	eng
dc.subject	Price promotion	eng
dc.subject	Retail stores	eng
dc.subject	Supermarkets	eng
dc.subject	Loss leading	por
dc.subject	Bertrand competition	por
dc.title	A theory of weekly specials	eng
dc.type	Working Paper	eng
dc.subject.area	Economia	por
dc.contributor.unidadefgv	Escolas::EPGE	por
dc.subject.bibliodata	Preços - Determinação	por
dc.subject.bibliodata	Vendas - Promoção	por
dc.contributor.affiliation	FGV

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