Book value: intertemporal pricing and quality discrimination in the US market for books

被引：44

作者：

Clerides, SK ^{[1
]}

机构：

[1] Univ Cyprus, Dept Econ, CY-1678 Nicosia, Cyprus

来源：

INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION | 2002年 / 20卷 / 10期

关键词：

intertemporal pricing; price discrimination; quality discrimination; book publishing industry;

D O I：

10.1016/S0167-7187(02)00004-8

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Publishers produce books in hardcover and paperback versions with different prices and time of market introduction. Analysis of detailed book-level data reveals that (i) price-cost differentials cannot be explained by cost differences, making this an example of quality discrimination; (ii) market introduction time strongly affects sales, suggesting that time is the crucial dimension of discrimination; and (iii) there is substantial price rigidity across books and over time: prices depend on cost shifters but not on demand shifters. I discuss an explanation for this last finding in terms of the nature of demand in this market. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：1385 / 1408

页数：24

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