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- W2805320886 abstract "Abstract We address the question of how a monopolist should price when facing evolutionary consumers who gradually move in the direction of following their optimal strategy but may make temporary suboptimal choices. We show that under a broad generalization of the most commonly used model of evolution, the monopolist will set a path of prices such that all consumers eventually stop purchasing the monopolist's product." @default.
- W2805320886 created "2018-06-13" @default.
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- W2805320886 date "2018-07-16" @default.
- W2805320886 modified "2023-09-26" @default.
- W2805320886 title "EVOLUTIONARY CONSUMERS IMPLY MONOPOLIES EXIT" @default.
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- W2805320886 doi "https://doi.org/10.1111/iere.12318" @default.
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