Pricing Policies for Selling Indivisible Storable Goods to Strategic Consumers

Preprint English OPEN
Berbeglia, Gerardo; Rayaprolu, Gautam; Vetta, Adrian;
  • Related identifiers: doi: 10.1007/s10479-018-2916-x
  • Subject: Computer Science - Computer Science and Game Theory
    acm: TheoryofComputation_MISCELLANEOUS

We study the dynamic pricing problem faced by a monopolistic retailer who sells a storable product to forward-looking consumers. In this framework, the two major pricing policies (or mechanisms) studied in the literature are the preannounced (commitment) pricing policy ... View more
  • References (20)
    20 references, page 1 of 2

    Y. Aviv and A. Pazgal. Optimal pricing of seasonal products in the presence of forward-looking consumers. Manufacturing & Service Operations Management, 10(3):339-359, 2008.

    M. Bagnoli, S. Salant, and J. Swierzbinski. Durable-goods monopoly with discrete demand. Journal of Political Economy, 97:1459-1478, 1989.

    G. Berbeglia, P. Sloan, and A. Vetta. Bounds on the profitability of a durable good monopolist. In Web and Internet Economics, pages 292-293. Springer, 2014.

    M. Chiarolla, G. Ferrari, and G. Stabile. Optimal dynamic procurement policies for a storable commodity with L´evy prices and convex holding costs. European Journal of Operational Research, 2015.

    R. Coase. Durability and monopoly. Journal of Law and Economics, 15:143-149, 1972.

    Jos´e Correa, Ricardo Montoya, and Charles Thraves. Contingent preannounced pricing policies with strategic consumers. Operations Research, 64:251-272, 2016.

    S. Dasu and C. Tong. Dynamic pricing when consumers are strategic: Analysis of posted and contingent pricing schemes. European Journal of Operational Research, 204(3):662-671, 2010.

    P. Dudine, I. Hendel, and A. Lizzeri. Storable good monopoly: The role of commitment. American Economic Review, 96(5):1706-1719, 2006.

    F. Gul, H. Sonnenschein, and R. Wilson. Foundations of dynamic monopoly and the coase conjecture. Journal of Economic Theory, 39(1):155-190, 1986.

    W. Gu¨th and K. Ritzberger. On durable goods monopolies and the coase-conjecture. Review of Economic Design, 3(3):215-236, 1998.

  • Metrics
Share - Bookmark