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Author : Ping Xiao
Release : 2008
Genre :
Kind : eBook
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Book Synopsis Empirical and Analytical Analysis of Nonlinear Pricing Strategies by : Ping Xiao
Download or read book Empirical and Analytical Analysis of Nonlinear Pricing Strategies written by Ping Xiao. This book was released on 2008. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Soheil Ghili
Release : 2023
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Kind : eBook
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Book Synopsis An Empirical Analysis of Optimal Nonlinear Pricing by : Soheil Ghili
Download or read book An Empirical Analysis of Optimal Nonlinear Pricing written by Soheil Ghili. This book was released on 2023. Available in PDF, EPUB and Kindle. Book excerpt: In "continuous choice" settings, consumers decide not only on whether to purchase a product, but also on how much to purchase. As a result, firms should optimize a full price schedule rather than a single price point. This paper provides a methodology to empirically estimate the optimal schedule under multi-dimensional consumer heterogeneity. We apply our method to novel data from an educational-services firm that contains purchase-size information not only for deals that materialized, but also for potential deals that eventually failed. We show that the optimal second-degree price discrimination (i.e., optimal nonlinear tariff) improves the firm's profit upon linear pricing by about 7.9%. That said, this second-degree price discrimination scheme only recovers 7.4% of the gap between the profitability of linear pricing (i.e., no price discrimination) and that of infeasible first degree price discrimination. We also conduct several further counterfactual analyses (i) comparing the role of demand- v.s. cost-side factors in shaping the optimal price schedule, (ii) examining third-degree price discrimination, and (iii) empirically quantifying the magnitude by which incentive-compatibility constraints impact the optimal pricing and profits.
Author : Liang Chen
Release : 2023
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Kind : eBook
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Book Synopsis Empirical Analysis of Network Effects in Nonlinear Pricing Data by : Liang Chen
Download or read book Empirical Analysis of Network Effects in Nonlinear Pricing Data written by Liang Chen. This book was released on 2023. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gaurab Aryal
Release : 2019
Genre :
Kind : eBook
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Book Synopsis An Empirical Analysis of Competitive Nonlinear Pricing by : Gaurab Aryal
Download or read book An Empirical Analysis of Competitive Nonlinear Pricing written by Gaurab Aryal. This book was released on 2019. Available in PDF, EPUB and Kindle. Book excerpt: We estimate a model of competitive nonlinear pricing with multidimensional preference heterogeneity using individual level data on advertisements bought by local businesses (e.g., doctors, electricians) from two Yellow Page Directories in one U.S. city-market. Variation in individual choices and payments allow us to identify the joint density of preferences, marginal costs of publishing and common utility parameters. Our estimates suggest substantial welfare loss due to asymmetric information. Comparing duopoly outcomes with (counterfactual) monopoly outcomes, we find that with less competition (i) producer surplus increases substantially; (ii) more “low-type” consumers are excluded; (iii) product variety increases, but benefits accrue only to the “high-type” consumers; (iv) total consumer surplus decreases; (v) but its distribution, across consumers, does not change.
Author : Robert B. Wilson
Release : 1993
Genre : Business & Economics
Kind : eBook
Book Rating : 826/5 ( reviews)
Book Synopsis Nonlinear Pricing by : Robert B. Wilson
Download or read book Nonlinear Pricing written by Robert B. Wilson. This book was released on 1993. Available in PDF, EPUB and Kindle. Book excerpt: What do phone rates, frequent flyer programs, and railroad tariffs all have in common? They are all examples of nonlinear pricing. Pricing is nonlinear when it is not strictly proportional to the quantity purchased. The Electric Power Research Institute has commissioned Robert Wilson to review the various facets of nonlinear pricing. The work starts with a general non-mathematical discussion, followed by a more technical presentation intended for readers with a fairly advanced background. Thorough and detailed, this study has ample examples of case studies from a variety of industries.
