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An intertemporal equilibrium analysis of seasonal product with consumer choice

机译:具有消费者选择的季节性产品的跨期均衡分析

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This paper deals with the choice behavior of consumers who purchase a finite quantity of a fashion-like seasonal good. The total cost of the consumer includes disutility of scarce product and early arriving penalties. We propose an equivalent mathematical model based on the choice behavior. In the elastic demand case, we analyze the optimal price, optimal launching period of one product, and the product quantity of each period, which derived from the standpoints of monopolist revenue maximization and social welfare optimum. Finally, we explain why monopolist of fashion-like seasonal product takes high price strategy.
机译:本文涉及购买有限数量的时尚季节性的消费者的选择行为。消费者的总成本包括稀缺产品的宿舍和早期的惩罚。我们提出了一种基于选择行为的等同数学模型。在弹性需求案例中,我们分析了一个产品的最佳价格,最佳发射期,以及每个时期的产品数量,它来自垄断收入最大化和社会福利最佳的观点。最后,我们解释了为什么垄断时尚季节性产品的垄断者需要高价策略。

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