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2014•Operations ResearchRequires access

Multiproduct Price Optimization and Competition Under the Nested Logit Model with Product-Differentiated Price Sensitivities

GallegoGuillermo, WangRuxian

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Abstract

We study firms that sell multiple substitutable products and customers whose purchase behavior follows a nested logit model, of which the multinomial logit model is a special case. Customers make p...

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We study firms that sell multiple substitutable products and customers whose purchase behavior follows a nested logit model, of which the multinomial logit model is a special case. Customers make p...

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OpenAlex reports 1 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

We study firms that sell multiple substitutable products and customers whose purchase behavior follows a nested logit model, of which the multinomial logit model is a special case. Customers make p...

Key concepts: Nested logit, Multinomial logistic regression, Competition (biology), Product differentiation, Product (mathematics), Logistic regression, Nested set model, Econometrics

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Multiproduct Price Optimization and Competition Under the Nested Logit Model with Product-Differentiated Price Sensitivities — Research Paper | ScholarLens