| Edition |
Second edition. |
| Description |
1 online resource (x, 148 pages) |
|
text rdacontent |
|
computer rdamedia |
|
online resource rdacarrier |
| Series |
Economics collection, 2163-7628 |
|
Economics collection. 2163-7628
|
| Bibliography |
Includes bibliographical references (pages 137-144) and index. |
| Contents |
Part I. If you could choose any price, what would it be? Fundamentals for the single price firm -- 1. Economics and the business manager -- 2. Consumer behavior: the law of demand and its effect on pricing -- 3. Understanding the price sensitivity of buyers -- 4. One perfect price: profit maximization for the single price firm -- Part II. Different strokes for different folks: charging more than one price for the same good -- 5. If you could read my mind: first-degree price discrimination strategies -- 6. Allowing buyers to self-select by willingness to pay: second-degree price discrimination strategies -- 7. Segmenting your market based on willingness to pay: third-degree price discrimination strategies -- Part III. How does my e-tailer know that I read comic books and cook with a wok? Pricing in the digital age -- 8. Dynamic pricing and e-commerce -- 9. Legal and ethical issues -- Table of strategies -- Appendix. Relevant published case studies -- Notes -- References -- Index. |
| Access |
Access restricted to authorized users and institutions. |
| Summary |
The practice of setting a single price that all buyers pay is slowly becoming a thing of the past. Today's marketplace requires firms to develop innovative pricing strategies to remain competitive. Is it better to bundle goods or price them separately? What type of online auction will generate the most revenue? The purpose of this book is to use microeconomic theory to determine which pricing strategies will succeed, and under what conditions. |
| Note |
Title from PDF title page (viewed on December 1, 2015). |
| Subject |
Pricing.
|
|
Open price system.
|
|
Internet auctions.
|
| Indexed Term |
Bundling |
|
common value auction |
|
consumer surplus |
|
Dutch auction |
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dynamic pricing |
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e-commerce |
|
English auction |
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first-price sealed bid auction |
|
online auctions |
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peak-load pricing |
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price discrimination |
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price elasticity |
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price penetration |
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price skimming |
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pricing |
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private value auction |
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quality choices |
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quantity discounts |
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reference price |
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Robinson- Patman Act |
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second-price sealed bid auction |
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surge pricing |
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two-part tariffs |
|
tying |
|
winner's curse |
| Genre/Form |
Electronic books.
|
| Other Form: |
Print version: 9781631573699 |
| ISBN |
9781631573699 paperback |
|
9781631573705 (electronic bk.) |
|
