In this paper, we extend the non-cooperative one-period game of Dutang et al. (Journal Operational Research 231(3):702–711, 2013) to model a non-life insurance market over several periods by considering repeated (one-period) game. Using Markov chain methodology, derive general properties insurer portfolio sizes given price vector. case regulated (identical premium), are able obtain convergence ...

the new competitive environment changes the paradigm of power system operation. in the transmission area, open access process provides fair accessibility for all market participants. congestion management is one of the most important side effects of this new process. this paper proposes a new approach for congestion management which is based on both active and reactive re-dispatch of the networ...

Previous research has directly studied whether on-line retailing is more competitive than conventional retail markets. The evidence from books and music CDs is mixed. Here, I use an indirect approach to compare the competitiveness of on-line with conventional markets. Focusing on the retail market for books, I identify a peculiarity in the pricing of bestsellers relative to other titles. Suppos...

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 ...

This paper addresses the functional structure of agricultural electronic marketplaces, together with associated pricing mechanisms. The analysis of transaction costs suggests that electronic commerce with intermediaries provides more efficient trading environments than electronic marketplace without intermediaries. This indicates that existing intermediary institutions will remain important for...

Charging and accounting in modern high-speed networks are extremely vital for their successful operation and growth. Tariffs and pricing schemes are needed for the network to recover its costs in a fair way from the diverse population of users, and to effectively allocate network resources. Economists have developed simple models for pricing network services, while neglecting important constrai...