Showing 1 - 9 of 9
We study the optimal pricing strategy of a monopolist selling homogeneous goods to multiple buyers over multiple periods. The customers choose their time of purchase to maximize their payoff that depends on their valuation of the product, the purchase price, and the utility they derive from past...
Persistent link: https://www.econbiz.de/10011721602
Persistent link: https://www.econbiz.de/10012040245
We introduce feature valuations, a new class of valuations that compactly capture preferences of agents who value items based on the features they possess. Such preferences are relevant in many important practical settings, such as Internet advertising markets (where impressions have associated...
Persistent link: https://www.econbiz.de/10012972469
Persistent link: https://www.econbiz.de/10010399439
We consider a platform that charges commission rates and subscription fees to sellers and buyers for facilitating transactions but does not directly control the transaction prices, which are determined by the traders. Buyers and sellers are divided into types, and we represent the compatibility...
Persistent link: https://www.econbiz.de/10012001240
Persistent link: https://www.econbiz.de/10012547542
We consider the multi-period pricing problem of a service firm facing time-varying capacity levels. Customers are assumed to be fully strategic with respect to their purchasing decisions, and heterogeneous with respect to their valuations, and arrival-departure periods. The firm's objective is...
Persistent link: https://www.econbiz.de/10014043234
Persistent link: https://www.econbiz.de/10011847226
Online retail reduces the costs of obtaining information about a product's price and availability and of flexibly timing a purchase. Consequently, consumers can strategically time their purchases, weighing the costs of monitoring and the risk of inventory depletion against prospectively lower...
Persistent link: https://www.econbiz.de/10013004968