Menu Pricing and Learning
We analyze the design of dynamic menus to sell experience goods. The quality of the product is initially unknown, and the total quantity sold in each period determines the amount of information in the market. We characterize the optimum menu as a function of consumers' beliefs, and the dynamic...
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| Format: | Article |
| Language: | English |
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American Economic Association,
2011-09-21T17:13:51Z.
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| Online Access: | Get fulltext |