154,453 research outputs found

    Conditioning prices on search behaviour

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    We consider a market in which �firms can partially observe each consumer's search behavior in the market. In our main model, a �firm knows whether a consumer is visiting it for the �first time or whether she is returning after a previous visit. Firms have an incentive to offer a lower price on a �first visit than a return visit, so that new consumers are offered a "buy-now" discount. The ability to offer such discounts acts to raise all prices in the market. If �firms cannot commit to their buy-later price, in many cases �firms make "exploding" offers, and consumers never return to a previously sampled �rm. Likewise, if �firms must charge the same price to all consumers, regardless of search history, we show that they sometimes have the incentive to make exploding offers. We also consider other ways in which �firms could use information about search behaviour to determine their prices

    Prominence and consumer search

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    This paper examines the implications of “prominence” in search markets. We model prominence by supposing that the prominent firm will be sampled first by all consumers. If there are no systematic quality differences among firms, we find that the prominent firm will charge a lower price than its non-prominent rivals. The impact of making a firm prominent is that it will typically lead to higher industry profit but lower consumer surplus and welfare. The model is extended by introducing heterogeneous product qualities, in which case the firm with the highest-quality product has the greatest incentive to become prominent, and making it prominent will boost industry profit, consumer surplus and welfare

    Conditions for Nondistortion Interrogation of Quantum System

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    Under some physical considerations, we present a universal formulation to study the possibility of localizing a quantum object in a given region without disturbing its unknown internal state. When the interaction between the object and probe wave function takes place only once, we prove the necessary and sufficient condition that the object's presence can be detected in an initial state preserving way. Meanwhile, a conditioned optimal interrogation probability is obtained.Comment: 5 pages, Revtex, 1 figures, Presentation improved, corollary 1 added. To appear in Europhysics Letter

    Calculation of Elastic Green's Functions for Lattices with Cavities

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    In this Brief Report, we present an algorithm for calculating the elastic Lattice Greens Function of a regular lattice, in which defects are created by removing lattice points. The method is computationally efficient, since the required matrix operations are on matrices that scale with the size of the defect subspace, and not with the size of the full lattice. This method allows the treatment of force fields with multi-atom interactions.Comment: 3 pages. RevTeX, using epsfig.sty. One figur

    The dissipation of the system and the atom in two-photon Jaynes-Cummings model with degenerate atomic levels

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    The method of perturbative expansion of master equation is employed to study the dissipative properties of system and of atom in the two-photon Jaynes-Cummings model (JCM) with degenerate atomic levels. The numerical results show that the degeneracy of atomic levels prolongs the period of entanglement between the atom and the field. The asymptotic value of atomic linear entropy is apparently increased by the degeneration. The amplitude of local entanglement and disentanglement is suppressed. The better the initial coherence property of the degenerate atom, the larger the coherence loss.Comment: 11 pages, 4 figure

    Cavity-QED with cold atoms trapped in a double-well potential

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    We investigate the interplay dynamics of a cavity qed system, where the two-level atoms are trapped in a double-well potential, and the cavity mode, with a frequency largely detuned to the atomic level splitting, is driven by a probe laser. The interaction between the center-of-mass motion of the atoms and the cavity mode is induced by the position dependent atom-field coupling. The dynamics of the system is characterized by two distinct time scales, the inverse of the atomic interwell tunneling rate and the inverse of the cavity loss rate. The system shows drastically different (quasi) steady behaviors in the short-time and long-time intervals.Comment: 8 pages, 5 figue
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