Existing studies have mainly focused on pricing in either primary markets or aftermarkets.However,in practice,prices in primary markets and aftermarkets are closely correlated.This study examines the joint pricing str...Existing studies have mainly focused on pricing in either primary markets or aftermarkets.However,in practice,prices in primary markets and aftermarkets are closely correlated.This study examines the joint pricing strategy in both primary markets and aftermarkets based on customer utility and establishes a pricing model for profit-maximization firms.Our results show that overpricing in the aftermarket is caused by customer myopia,while the motivation of the firm to avoid customer myopia depends on its pricing strategy.A quantityeprice contract in the aftermarket is designed to raise the firm’s profit.展开更多
基金supported by the China Postdoctoral Science Foundation(Grant No.2018M641947)the Key Program of National Social Science Foundation of China(Grant No.20AJY008)
文摘Existing studies have mainly focused on pricing in either primary markets or aftermarkets.However,in practice,prices in primary markets and aftermarkets are closely correlated.This study examines the joint pricing strategy in both primary markets and aftermarkets based on customer utility and establishes a pricing model for profit-maximization firms.Our results show that overpricing in the aftermarket is caused by customer myopia,while the motivation of the firm to avoid customer myopia depends on its pricing strategy.A quantityeprice contract in the aftermarket is designed to raise the firm’s profit.
