WORKING PAPER SERIES : NO . 2012-1 Multi-Product Price Optimization and Competition under the Nested Logit Model with Product-Differentiated

Abstract

We study firms that sell multiple differentiated substitutable products and customers whose purchase behavior follows a Nested Logit model, of which the Multinomial Logit model is a special case. Customers make purchasing decision sequentially under the Nested Logit model: they first select a nest of products and subsequently purchase a product within the… (More)

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