Anna Priester untersucht in acht Experimenten, wie sich die Anwendung des Dynamic Pricing auf die Wahrnehmung und Reaktion der Konsumenten auswirkt und welche Einflussfaktoren hierbei eine Rolle spielen. Sie bietet zunächst eine konzeptionelle Analyse und Abgrenzung des...

This study investigates consumers' preference for dynamic pricing rules using a choice experiment. Among alternative electricity pricing rules, time of use (TOU) is most preferred by consumers, and our estimation results show that TOU has the highest value of WTP among pricing rules....

This article presents a dynamic pricing model of a retailer selling an inventory, accounting for consumer behavior. The authors propose an optimal control model, maximizing the intertemporal profit with consumers sensitive to the selling price and to a reference price. The optimal dynamic...

In this thesis, we study brand choice problem via the following three perspectives: a company's market share management, introduction of customers with different perspectives, and an analysis of an application domain which is illustrative of these issues. Our contributions following these...

We empirically test the hypothesis that the discounts offered by firms to consumers who purchase tickets in advance increase with the intensity of competition. We develop a new measure of competition for which we use the proximity (in departure time) of a given flight to its competitors to infer...

The electricity price arbitrage from the utility grid can be a major source of revenue for energy storage systems. In most countries, the electricity price is tightly regulated by their government statutory authority or energy regulator to which obey the different power utility and distribution...

This paper develops a model which can be used to minimize the electricity cost of South African farms through the usage of a wind pump with pico hydro generator and a borehole in pumped hydro storage configuration referred to as "hydro aeropower". This model will optimally schedule the...

Time-varying prices are thought to be critical for increasing economic efficiency of the power system. However, a rigorous assessment of the evidence from field trials that use time-of-use pricing, critical peak pricing, etc. in households is missing. This machine learning-assisted systematic...

The German petrol station market is characterized by strong intraday price cycles, which probably correspond to the well-known Edgeworth cycles. The prices go up strongly in the late evening or in the middle of the night, fall relatively heavily in the early morning, and then go up and down...