We consider superhedging and no-arbitrage pricing in markets with a convex and cash-additive structure and derive an … probability used in pricing. We demonstrate that the existence of a strictly positive probability within the domain of the … payoffs, is necessary and sufficient to prevent arbitrage opportunities. Furthermore, we explore entropy pricing as a notable …

three main results. First, time-of-use rates and critical-peak pricing, the two most common time-varying rate plans, each …-time pricing with price ceilings can capture most potential efficiency gains. …

This study explores the welfare impact of personalized pricing for consumers in a duopolistic two-sided market, with … consumers single-homing and developers affiliating with a platform according to their outside option. Personalized pricing … benefits through personalized pricing. Personalized prices are higher when the network value for developers is high, benefiting …