Quantity discount pricing is a common practice used by business-to-business and business-toconsumer companies. A key characteristic of quantity discount pricing is that the marginal price declines with higher purchase quantities. In this paper, we propose a choice-based conjoint model for estimating consumer-level willingness-to-pay (WTP) for varying quantities of a product and for designing op...

This paper provides evidence on the significant impact of illiquidity or non-marketability on security valuation. A typical listed company in China has several types of share outstanding: (i) common shares that are only tradable on stock exchanges, (ii) restricted institutional shares (RIS) that are not tradable and can only be transferred privately or through irregularly scheduled auctions, an...

We consider the joint pricing and inventory control problem for a single product whose demand distribution in each period is determined both by whether or not a sale price is offered in the current period, and the number of periods since the last time the sale price was offered. We show that optimal inventory ordering policy is a state dependent base stock policy; however, the optimal pricing p...

In the present study, we investigate impact of discounts on valuation performance initial public offerings. Review existing literature reveals that such lacks examination in terms as most studies focus methods. Accordingly, examine offerings before and after applying discounts. Whereby, underwriters apply a deliberate discount to fair value estimate setting final offer price. We assess through ...

Family partnerships have been become increasingly popular as a means of avoiding estate and gift taxes. As other freezing techniques closed off by statutory anti-abuse rules, planners resorted to vehicle for transferring assets within family at deeply discounted values. Discounts ranging from one third over half the value underlying are routinely claimed, often allowed, based on lack marketabil...