Price and Design Comparability
8 Nov 2023
15:00 -16:00
Times are shown in local time.
Open to: Members of University of Cambridge
Room W4.05 (Cambridge Judge Business School)
Trumpington St
Cambridge
CB2 1AG
United Kingdom
Join our Economics and Policy seminar
Speaker: Professor Nicholas de Roos, University of Liverpool Management School
About the seminar topic
We decompose product comparability into a price component and a design component relating to preference matches, and examine the incentives for price-setting firms to manipulate each component.
First, we analyse price competition for given product comparability. Improved price (design) comparability leads to more (less) intense price competition. We then examine message and price competition. If messages are impactful on equilibrium comparability, firms associate higher relative prices with messages that increase de-sign comparability and decrease price comparability.
Speaker bio
Nicolas de Roos is a microeconomist conducting research in the field of industrial organisation, with research interests in collusion, market dynamics, and decision making under risk; and an applied interest in retail gasoline markets.
He is a Professor at the University of Liverpool Management School, with prior appointments at the University of Sydney, the University of Virginia, Bates White Economic Consulting, and the Reserve Bank of Australia.
He holds an MA, MPhil and PhD from Yale University. Nicolas’ research has appeared in journals including the American Economic Review, RAND Journal of Economics, American Economic Journal: Microeconomics, the Journal of Applied Econometrics, the European Economic Review, and the Journal of Economic Dynamics and Control. He is a Co-Editor at the Economic Record.
Register
If you would like to register, or know more about this event, please email Luke Slater.