We consider the problem of selling a fixed capacity or inventory of items over a finite selling period. Earlier research has shown that using a properly set fixed price during the selling period is asymptotically optimal as the demand potential and capacity grows large and that dynamic pricing...

We study markdown timing decisions for perishable products in the presence of competition. We model as a duopoly two firms selling their fixed stocks of two substitutable items in a given selling horizon. Each firm starts with a common initial price, and has the option to decrease the price once...