Chenavaz, Régis; Paraschiv, Corina - In: Economics: The Open-Access, Open-Assessment E-Journal 12 (2018) 2018-64, pp. 1-16
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...
