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- W1569371744 abstract "This paper studies a two-period model of advance selling with experienced and inexperienced consumers. It concludes that advance selling weakly dominates no advance selling, and the optimal advance selling price may be at a discount, at a premium or at the regular selling price. Conditions for each possible advance selling strategy to prevail are characterized. However, without experienced consumers in the market, there are no incentives for the retailer to implement an advance selling price premium. How the consumer composition affects the retailer's optimal pricing strategy and profit is also examined." @default.
- W1569371744 created "2016-06-24" @default.
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- W1569371744 date "2013-05-01" @default.
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- W1569371744 title "Optimal Advance Selling Strategy under Price Commitment" @default.
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- W1569371744 doi "https://doi.org/10.1111/1468-0106.12021" @default.
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