In estimating the cost-effectiveness of diagnostic procedures, it is helpful to treat diagnostic information as a commodity with a unit price. The amount of useful information provided by a test result can be measured in binary units (bits), and the unit price of the information produced by the test result can be expressed in dollars per bit in much the same way that the price of gold is given ...

This paper highlights the moderating effect of retailer CSR perception and contribution type on relationship between advertised reference price (ARP) consumer evaluations. A two-by-three between-subjects factorial design is employed with manipulation ARP for hypothesis testing. Experimental results show that internal price, value deal, attitude towards deal purchase intention are higher exagger...

Many commentators have blamed Gazprom, Europe’s largest gas supplier, for contributing to the 2021–2 European natural price crisis through market manipulation and withholding necessary supply volumes from market. Is there any substance such claims? Gazprom really involved in manipulating prompting record-breaking surge prices? The current article analyses official figures on Gazprom’s productio...

T single-product firms with different quality levels and fixed limited capacities engage in sequential price competition in an essentially deterministic model where customers have heterogeneous valuations for both products. We develop conditions under which the leader (she) can take strategic advantage of her limited capacity by pricing relatively low, purposefully creating shortages and leavin...

A commonly observed two-stage pricing strategy for a custom-made product involves a prepurchase entry fee for a potential consumer and a purchase price if he decides to buy the product. We solve and compare two settings: In the first, the firm does not commit in advance to the second-stage price and in the second, the firm does. We show that without a commitment mechanism, the two price points ...

This paper proposes arithmetic and geometric Paasche quality-adjusted price indexes that combine micro data from the base period with macro data on the averages of asset prices and characteristics at the index period. The suggested index has two types of advantages relative to traditional Paasche indexes: (i) simplification and cost reduction of data acquisition and manipulation; and (ii) poten...