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Firm Behavior under Consumer Loss Aversion
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kim, Sang-Hyun | - |
dc.contributor.author | Lee, Jihong | - |
dc.date.accessioned | 2014-06-02T01:14:04Z | - |
dc.date.available | 2014-06-02T01:14:04Z | - |
dc.date.issued | 2014-04 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.27 No.2, pp. 171-186 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/91967 | - |
dc.description.abstract | This survey aims to provide an overview of recent developments in the industrial organization literature that explores the behavior of profit-maximizing firms facing consumers with reference-dependent preferences and loss aversion. We discuss the implications of loss aversion on the practice of price discrimination, product differentiation, and incentive provision, among others. A common theme is emerging from these studies: consumer loss aversion may serve to limit the benefits from complex firm strategies that depend on the realizations of uncertainty. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | Survey | - |
dc.subject | Reference-dependent preferences | - |
dc.subject | Loss aversion | - |
dc.subject | Personal equilibrium | - |
dc.subject | Monopoly pricing | - |
dc.subject | Price discrimination | - |
dc.subject | Product differentiation | - |
dc.subject | Agency problem | - |
dc.title | Firm Behavior under Consumer Loss Aversion | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 김상현 | - |
dc.contributor.AlternativeAuthor | 이지홍 | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 186 | - |
dc.citation.number | 2 | - |
dc.citation.pages | 171-186 | - |
dc.citation.startpage | 171 | - |
dc.citation.volume | 27 | - |
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