By employing dynamic pricing, sellers have the potential to increase their revenue by selling their goods at prices customized to the buyers’ demand, the market environment, and the seller’s supply at the moment of the transaction. As dynamic pricing becomes a necessary competitive maneuver, and as market mechanisms become more complex, there is a growing need for software agents to be used to ...

Choice of pricing strategy plays a central role in value creation and the effective functioning markets. Shifts technology growing availability data are facilitating ever more innovative forms strategy. Within emerging literature on ethics, there is gap our understanding specific challenges algorithmically generated dynamic pricing. Increasing automation shifts managerial focus from selection p...

The main business of an investment company is to hold and manage securities for investment purposes. In today competitive market Pricing and its methodology are complicated motions. It is very important to define a price that can prevail the competition in an open and free market. In order to define the price certain circumstances should be considered. In the academic arena there have been seve...

We are concerned with a model for asset prices introduced by Koichiro Takaoka, which extends the well known Black-Scholes model. For the pricing of contingent claims, partial differential equation (PDE) is derived in a special case under the typical delta hedging strategy. We present an exact pricing formula by way of solving the equation.

Partitioned pricing is a widely used pricing strategy, but little is known about the buyer characteristics that influence its effectiveness. The current research contributes to the pricing literature by investigating the impact of regulatory focus on the perceived attractiveness of partitioned and combined pricing. In four studies, we hypothesized and found support for the idea that promotion f...

Given rising pharmaceutical expenditures and the widespread use of reference pricing as a costcontainment instrument abroad, we systematically reviewed the evidence evaluating reference pricing policies. We performed a structured electronic search of peer-reviewed journals for studies published before that reported on the effects of reference pricing policies on medication use, payer and patien...

We present a novel approach to analyzing models of price competition. By realizing price competition as a class of all-pay contests, we are able to generalize the models in which pricing behavior can be characterized, accommodating convex (possibly asymmetric) cost structures and general demand rationing schemes. Using this approach, we identify necessary and sufficient conditions for a pure st...

The current study offers insights into how a pricing strategy called partitioned pricing and its transparency can influence auction success variables. In the online auction environment, auction sellers have to make several surcharge decisions such as whether or not to omit surcharge information from their auction listings or how much the surcharge should be, etc. We found that auctions that did...

In this paper we consider a real-time, dynamic pickup and delivery problem with timewindows where orders should be assigned to one of a set of competing transportation companies. Our approach decomposes the problem into a multi-agent structure where vehicle agents are responsible for the routing and scheduling decisions and the assignment of orders to vehicles is done by using a second-price au...

This study examines the effectiveness of two prevailingly used sets of mutually exclusive surcharge policies in C2C online auctions. The first policy is the option of using an all-inclusive pricing strategy or a partitioned pricing strategy. The second policy entails the flexibility of shipping policies based on shipping destinations (domestic shipping versus worldwide shipping). The impacts of...