Responsive Pricing

We study the efficiency property of responsive pricing - a scheme first proposed by Vickrey - that increases prices as a function of capacity utilization. We show that although responsive pricing implements allocations that are arbitrarily close to market clearing, these allocations are not always efficient. We identify conditions under which efficiency occurs and discuss implications for the use of responsive pricing.

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Year of publication:	2003-08
Authors:	Courty, Pascal ; Pagliero, Mario
Institutions:	C.E.P.R. Discussion Papers
Subject:	dynamic pricing \| real time pricing \| responsive pricing

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 4036
Classification:	D45 - Rationing; Licensing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005791922