Market thickness is a key parameter that can make or break a platform's business model. Thicker markets can offer more opportunities for participants to meet and higher chances that a potential match exists. However, they can also be vulnerable to potential search frictions. In this paper, using...

A retailer following a competition-based dynamic pricing strategy tracks competitors' price changes and then must answer the following questions: (1) Should we respond? (2) If so, respond to whom? (3) How much of a response? (4) And on which products? The answers require unbiased measures of...

In the process of geothermal well drilling, the high-temperature rock in the reservoirs is cooled by different cooling media, which leads to the change of mechanical properties, affecting the rock-breaking efficiency of the bit. Sandstone and granite were taken as the research objects and heated...

In theory, discretionary pricing improves the company's performance by allowing managers to incorporate local information into their pricing decisions. However, in practice, managers are vulnerable to behavioral biases that can lead to inaccurate estimation of the customer's willingness to pay...

We conduct an experimental study of cartel behaviour in the presence of an active competition authority that may respond to suspicious pricing behaviour by firms. We find that subjects are doing very well in developing strategies to avoid antitrust detection. We observe gradual price increases...