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The Impact of Consumer Inequity Aversion on Firm's Pricing and Return Policies: An Analytical Model

목차

1. Introduction 1
1.1 Research Subject 1
1.2 Research Questions Layout and Introduction of Results 4
2. Literature Review 6
3. The Model 14
3.1 Basic Assumptions 14
3.2 Consumers' Fairness Concern and Decision Makings 16
3.3 Consumer Market 20
4. Equilibrium Policies and the Effect of Unfairness Sensitivity 24
4.1 Consumers' Inequity Aversion and the Firm's Equilibrium Policies 24
4.2 Effect of Unfairness Sensitivity on the Firm's Profit and Consumers' Utility 31
4.3 Effect of Main Parameters 34
5. Model Extensions 35
5.1 Fairness minded bargain hunters 35
5.2 Limited refund 35
5.3 Discrete product valuation 37
6. Conclusion 49
References 52
Appendices 57
1 Proof of Proposition 1 58
1.1. Lemma A 58
1.2. Proof of Proposition 1 60
2 Proof of Proposition 2 60
2.1. Lemma B 60
2.2. Proof of Proposition 2-a 61
2.3. Proof of Proposition 2-b 64
2.4. Proof of Lemma 1 70
2.5. Proof of Proposition 2-c 71
3 Proof of Proposition 3 72
4 Proof of Proposition 4 77
4.1. Proof of Proposition 4-a 77
4.2. Proof of Proposition 4-b 87
5 Proof of Proposition 5 90
5.1. Proof of Proposition 5-a 90
5.2. Proof of Proposition 5-b 105
6 Proof of Proposition 6 114
6.1. Proof of Proposition 6-a 114
6.2. Proof of Proposition 6-b 114
7. Proof of Proposition 7 122
7.1. Proof of Lemma C 122
7.2. Proof of Proposition 7 122

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