Consumers' willingness-to-pay can change over time and can change differently for different consumers. Rational and forward-looking consumers incorporate this into their decision making. This dissertation examines the implication of such change in several dynamic IO settings.Preference for apartments do tend to change over time due to lots of unforeseeable circumstances in life. People may get busier in work so they want to reduce the commute time, or they have new members adding to the household so theyanbsp;...
|Title||:||Essays in Dynamic Industrial Organization|
|Author||:||Zhiyun (Frances). Xu|
|Publisher||:||ProQuest - 2008|