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- W2008265514 abstract "This article presents a theory of such phenomena as coupons valid for the next purchase of a good and high initiation fees for clubs. In these cases the price of a nondurable good is lowered for second-time buyers. We show here that this can be explained by a model in which a monopolist sells a good, and the buyers are uncertain of their taste for the product but not of the quality of the product per se." @default.
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- W2008265514 date "1984-01-01" @default.
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- W2008265514 title "On the Economics of Repeat Buying" @default.
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- W2008265514 doi "https://doi.org/10.2307/2555447" @default.
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