At present, the restructured electricity market has been a prominent research area and attracted attention. The motivation of restructuring in power system is to introduce competition at various levels generate correct economic signal reduce generation cost. As result, it required have an effective price scheme deliver useful information about power. pricing mechanism dependent on demand load l...

A model of consumer behavior has been formulated by using an additive utility function and the hedonic pricing approach, in a virtual market. Since, there is a time lag between ordering and purchasing products (goods and services) online and receiving them, it means the consumer makes decision under uncertainty. The level of satisfaction with products with distinctive characteristics is describ...

The economic history of technologies is largely a history of low-fixed-cost, high-marginal-cost technologies being replaced by newly invented, decreasing-average-cost (approximately, highfixed-cost and low-marginal-cost) technologies that come to be cost minimizing as demand for the product or service produced by the technology increases. The history of payment technology in the past century, a...

Since information products have unique cost structure and characteristics, namely, high fixed cost and low variable cost, the traditional pricing strategy based on marginal cost theory can not be applied by the producers. This paper indicates a new principle of pricing--customer value (CV) principle. Based on the principle, the producers can execute a number of different pricing strategies to m...