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Most sales applications are characterized by competitive settings and limited demand information. Due to the complexity of such markets, smart pricing strategies are hard to derive. We analyze stochastic dynamic pricing models under oligopoly competition for the sale of perishable goods. We...
Persistent link: https://www.econbiz.de/10014124170
Sales applications are characterized by competitive settings and changing market environments. Hence, prices have to be adjusted frequently. We analyze stochastic dynamic pricing models under competition for the sale of durable goods. Given a competitor's pricing strategy, we show how to derive...
Persistent link: https://www.econbiz.de/10012999597
Most sales applications are characterized by competitive settings and limited demand information. Due to the complexity of such markets, smart pricing strategies are hard to derive. We analyze stochastic dynamic pricing models under competition for the sale of durable goods. In a first step, a...
Persistent link: https://www.econbiz.de/10012999598
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In many applications the sale of perishable products is characterized by competitive settings, e.g. the airline industry. While prices of sellers are typically observable, the inventory levels of firms are mutually not observable. We analyze stochastic dynamic pricing models in a finite horizon...
Persistent link: https://www.econbiz.de/10012997847