Hu, Xinbo; Zak, Paul J. - In: Journal of risk and financial management : JRFM 15 (2022) 7, pp. 1-8
Prices respond to equate supply and demand. However, price-setting in low-volume or "thin" markets is a challenge as is determining which items to carry. We present an algorithm that takes into account a store's fixed costs, the cost of goods sold, prices, and listing duration to determine the...