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Exposure as duration and distance in telematics motor insurance using generalized additive models

Boucher, Jean-Philippe; Côté, Steven; Guillen, Montserrat - In: Risks 5 (2017) 4, pp. 1-23

In Pay-As-You-Drive (PAYD) automobile insurance, the premium is fixed based on the distance traveled, while in usage-based insurance (UBI) the driving patterns of the policyholder are also considered. In those schemes, drivers who drive more pay a higher premium compared to those with the same...

Persistent link: https://www.econbiz.de/10011996549

Maximum market price of longevity risk under solvency regimes: The case of Solvency II

Levantesi, Susanna; Menzietti, Massimiliano - In: Risks 5 (2017) 2, pp. 1-21

finding a unique pricing measure. We propose a method to estimate the maximum market price of longevity risk depending on the … of longevity risk and the S-forward prices. Numerical results can be extended for the pricing of other longevity …

Persistent link: https://www.econbiz.de/10011996653

Pricing Better

Ray, Sourav; Wang, Li; Levy, Daniel; Bergen, Mark - 2019

field experiment, we assess such impact of ESL by studying how it shapes retail pricing practices and outcomes. Our general … role in pricing. To the best of our knowledge, ours is the first study to explore and quantify how ESL interacts with … retail strategy to affect retail pricing practices and retail outcomes. …

Persistent link: https://www.econbiz.de/10012052133

Herausforderungen beim Pricing im Multi-Channel-Retailing: Identifikation von Lösungsansätzen unter besonderer Berücksichtigung der Nachfragersicht

Schüren-Hinkelmann, Andrea; Ziehe, Nikola - 2018

Das Pricing bei Multi-Channel-(MC)-Händlern ist durch Besonderheiten und Herausforderungen geprägt, für welche diese … MC-Pricing. Aus dem sich daraus ergebenen Preis-Spannungsfeld in Kombination mit weiteren Besonderheiten können … Herausforderungen und Dilemmata im MC-Pricing abgeleitet werden: Zum einen die "geringere Wettbewerbsfähigkeit durch ein höheres …

Persistent link: https://www.econbiz.de/10012110524

Fixed Costs Matter

Kamphorst, Jurjen; Mendys-Kamphorst, Ewa; Westbrock, Bastian - 2018

According to standard economic wisdom, fixed costs should not matter for pricing decisions. However, outside economics …

Persistent link: https://www.econbiz.de/10012114747

Determinants of perceived and actual knowledge of commission paid by contributors in the pension funds industry

Farías, Pablo - In: BRQ Business Research Quarterly 20 (2017) 1, pp. 18-27

This paper examines the determinants of perceived and actual knowledge of commission paid by contributors in the Chilean pension funds industry. Results show that price consciousness and brand credibility are positively associated with perceived and actual knowledge of commission paid by pension...

Persistent link: https://www.econbiz.de/10012118421

Pricing as a Strategic Capability

Dutta, Shantanu; Bergen, Mark; Levy, Daniel; Ritson, Mark; … - In: MIT Sloan Management Review 43 (2002) 3 (April 15, 2002), pp. 61-66

Companies that know how to set the right prices for their products and services understand that pricing isn’t simply a …

Persistent link: https://www.econbiz.de/10012120363

Price Rigidity and Flexibility: New Empirical Evidence - Introduction to the Special Issue

Levy, Daniel - In: Managerial and Decision Economics 28 (2007) 7 (Special Issue: Price Rigidity and Flexibility: New Empirical Evidence), pp. 639-647

The marketplace, along with its price system, is the single most important institution in a western‐style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently, and that ability lies behind the magical...

Persistent link: https://www.econbiz.de/10012140550

Price Setting and Price Adjustment in Some European Union Countries

Levy, Daniel; Smets, Frank - In: Managerial and Decision Economics 31 (2010) 2‐3 (Special Issue: Price Setting and Price Adjustment in Some European Union Countries), pp. 63-66

This introductory essay briefly summarizes the 11 empirical studies of price setting and price adjustment that are included in this special issue. The studies, which use data from several European countries, were conducted as part of the European Central Bank's Inflation Persistence Network.

Persistent link: https://www.econbiz.de/10012140552

Shattering the Myth of Costless Price Changes

Bergen, Mark; Ritson, Mark; Dutta, Shantanu; Levy, Daniel; … - In: European Management Journal 21 (2003) 6, pp. 663-669

Despite its centrality to the topic, very little attention has been paid to the topic of price changes. Indeed, for the most part, organisations operate under the myth of costless price changes. This article broadens the definition of the costs of changing price and then presents strategic...

Persistent link: https://www.econbiz.de/10012140591