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https://hdl.handle.net/2142/85665
Description
Title
Essays in Pricing and Price Formation
Author(s)
Zacharias, Eleftherios
Issue Date
1999
Doctoral Committee Chair(s)
Williams, Steven R.
Department of Study
Economics
Discipline
Economics
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Economics, Commerce-Business
Language
eng
Abstract
These results suggest that late entrants reap short run rents from these consumers that are loyal enough to them to have waited until their entry in order to purchase. They also suggest a rapidly declining price premium for quality over the product cycle. In light of these findings, brand coefficients in hedonic regressions using high frequency data should not be interpreted as capturing unobserved quality only.
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