Topic: `pricing`

7 entries tagged pricing.

Rules (1)

rule R7 — Treat every public number on a client site as an anchor; design accordingly

Reference entries (6)

reference Revenue management — the four preconditions that generalise yield management beyond airlines
reference American Airlines yield management — $1.4B over 3 years, ~5-7pct incremental revenue, Franz Edelman Award 1991 (Smith Leimkuhler Darrow, Interfaces 1992)
reference Stigler 1961 — "The Economics of Information"; costly search produces price dispersion (JPE 69:213-225)
reference Amazon changes prices ~2.5 million times a day — roughly once every 10 minutes per product, ~50× more often than Walmart (Profitero)
reference Correction: Busso & Galiani NBER WP 20054 (2014) actually found competition *improved* service quality — the popular "race to the bottom" blog reading reverses the finding
reference Publishing prices online exposes cost structure to competitors and may force back-tracking on tailored services