Name-your-own-price is a pricing mechanism where the buyer instead of the seller determines the price, because the buyer makes a bid at a certain price, which the seller can either accept or reject. Based on consumers' bidding behavior at a name-your-own-price seller, we develop and empirically...

Die Kenntnis der Zahlungsbereitschaft von Konsumenten zählt zu den für den Erfolg eines Produkts entscheidenden Faktoren, allerdings ist die Ermittlung individueller Zahlungsbereitschaften mit erheblichen Schwierigkeiten verbunden, da die bislang zur Verfügung stehenden Methoden aufwändig...

De Fleur (1956) provides the earliest evidence of diminishing returns. He finds a common logarithmic pattern for leaflets dropped and message recalled in field experiment. Since then, many researchers have applied logarithmic or square root patterns to capture the effect of diminishing returns...