{"entities":{"Q885075":{"pageid":886923,"ns":120,"title":"Item:Q885075","lastrevid":65176575,"modified":"2026-04-12T00:50:03Z","type":"item","id":"Q885075","labels":{"en":{"language":"en","value":"Asking price and price discounts: the strategy of selling an asset under price uncertainty"}},"descriptions":{"en":{"language":"en","value":"scientific article; zbMATH DE number 5162454"}},"aliases":{},"claims":{"P31":[{"mainsnak":{"snaktype":"value","property":"P31","hash":"fd5912e4dab4b881a8eb0eb27e7893fef55176ad","datavalue":{"value":{"entity-type":"item","numeric-id":56887,"id":"Q56887"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q885075$D62B414F-DF59-415B-A4CE-9B9634627ABA","rank":"normal"}],"P159":[{"mainsnak":{"snaktype":"value","property":"P159","hash":"e598c07936e6b977edb12d32bf1c99a8c29e4a40","datavalue":{"value":{"text":"Asking price and price discounts: the strategy of selling an asset under price uncertainty","language":"en"},"type":"monolingualtext"},"datatype":"monolingualtext"},"type":"statement","id":"Q885075$EDF9E897-7BBC-4CDF-A185-5C7BD0E5FB6B","rank":"normal"}],"P225":[{"mainsnak":{"snaktype":"value","property":"P225","hash":"b9fc41bc44c197842ff2faf0e9b0b0be3f98bbf4","datavalue":{"value":"1154.91017","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q885075$18A92CDA-3F48-474E-9402-C7EC1586DF72","rank":"normal"}],"P16":[{"mainsnak":{"snaktype":"value","property":"P16","hash":"7a8d35063efed7497f809eaedfeb12d0e240041d","datavalue":{"value":{"entity-type":"item","numeric-id":885073,"id":"Q885073"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q885075$5BD86EC1-4EF8-4C0E-B57E-5B59946F4ECD","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P16","hash":"5f23368255ac0aea40b0ec8ae4afeb8f12013b8b","datavalue":{"value":{"entity-type":"item","numeric-id":885074,"id":"Q885074"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q885075$4BB55525-23DB-4197-B552-A4F2E008D570","rank":"normal"}],"P200":[{"mainsnak":{"snaktype":"value","property":"P200","hash":"640b750a42eeaae96a384daeb4b1a36e8ed44c62","datavalue":{"value":{"entity-type":"item","numeric-id":153958,"id":"Q153958"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q885075$F7802BBA-AA5F-4AE8-9131-3D88F406287D","rank":"normal"}],"P28":[{"mainsnak":{"snaktype":"value","property":"P28","hash":"d81384269237f7c171ce9e25726671d8695c125f","datavalue":{"value":{"time":"+2007-06-07T00:00:00Z","timezone":0,"before":0,"after":0,"precision":11,"calendarmodel":"http://www.wikidata.org/entity/Q1985727"},"type":"time"},"datatype":"time"},"type":"statement","id":"Q885075$A29B8082-2DC9-4ED5-B61A-9E61101E23DF","rank":"normal"}],"P1448":[{"mainsnak":{"snaktype":"value","property":"P1448","hash":"eaa8f234f9281346d9633e0558bf9a7401239481","datavalue":{"value":"Let \\(n\\) assets be selled and buyed and a discount rate (market interest rate). The seller has a price in mind, to be fixed, the law of which is supported on interval \\([a,b]\\). The buyer's valuation is dnotes as \\(P\\). In seller's mind, the probability distribution function of \\(P\\) is \\(F(x)= \\mathbb{P}\\{P\\leq x\\}=\\int^x_0 f(t)\\,dt\\), \\(F(a)= 0\\), \\(F(b)= 1\\). The probability of selling the assets in one period is \\(p= 1 -F(P)\\), of selling it on \\(n\\)th period is \\(p(1- p)^{n-1}\\). The discounted assets value on \\(n\\)th period actually is \\(P_n= P(1+ r)^{1-n}\\). So, let \\(X\\) be the random variable modelling the seller's return from the sale. The expected return is a function of \\(P\\), \\(E(P)= Pp{1+r\\over r+p}\\). Assuming sufficient conditions on the probability distribution function \\(F\\), a risk neutral seller can optimize \\(P\\mapsto E(P)\\) and the optimal price \\(P^*\\) satisfies \\(P^*\\leq b\\), \\(P^*= a\\) or satisfies the implicit equation \\(P^*= {p(p+r)\\over rf(P^*)}\\).   On another side, the authors consider the asking price strategy, \\(P\\) being the asking price: when \\(E\\) is a strictly concave function, then the optimal asking price will be greater than the optimal fixed price \\(P^*\\). Finally, the authors discuss the seller's behaviour in case of his non risk-neutrality.","type":"string"},"datatype":"string"},"type":"statement","id":"Q885075$A6288359-3EA7-4751-9C00-F034B6E60E68","rank":"normal"}],"P1447":[{"mainsnak":{"snaktype":"value","property":"P1447","hash":"3837007a882772e8d3d762eafa11e184219cd907","datavalue":{"value":{"entity-type":"item","numeric-id":411547,"id":"Q411547"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q885075$4428FA3C-41A2-4388-9388-89C65D5AF8C6","rank":"normal"}],"P226":[{"mainsnak":{"snaktype":"value","property":"P226","hash":"b0e497fa25972a5e8a0353b17744210646653683","datavalue":{"value":"91B24","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q885075$DB8BD95D-8F9B-4E9F-B9BE-8D7DB5F4C66E","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"6e419163fd9b5f210c8c0c28cdb07c2197a2bcac","datavalue":{"value":"91B26","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q885075$27982837-C396-4B31-8E5D-A956A3C49BDB","rank":"normal"}],"P1451":[{"mainsnak":{"snaktype":"value","property":"P1451","hash":"fdd3b753fe087add625c7e4145599176fce9e37f","datavalue":{"value":"5162454","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q885075$22716A39-AF30-4D5D-A795-3257F30AA0F4","rank":"normal"}],"P1450":[{"mainsnak":{"snaktype":"value","property":"P1450","hash":"9d0a2009f2824a74a2a948216dad6b3ae2538aff","datavalue":{"value":"fixed price","type":"string"},"datatype":"string"},"type":"statement","id":"Q885075$C29C0D05-0C22-4368-8070-B37557D683F3","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"607a6295779c37eed8d5ea7ae91f43ae79729fb6","datavalue":{"value":"asking price","type":"string"},"datatype":"string"},"type":"statement","id":"Q885075$AC078D02-428E-42A2-9CD0-195CF1B73D8A","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"1499aff6419b15c7782d57212ead9231fe30fb47","datavalue":{"value":"price discounts","type":"string"},"datatype":"string"},"type":"statement","id":"Q885075$F74A5FFE-9C1C-4E52-9F64-FBDAF2D36B5E","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"3b727599063765a19467d49c91947354f06ec857","datavalue":{"value":"reservation price","type":"string"},"datatype":"string"},"type":"statement","id":"Q885075$287D5BB8-A0CA-41EA-BF7C-85890F3B6220","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"efc08539634192e229b9d39ed14cc850e5006faa","datavalue":{"value":"risk attitude","type":"string"},"datatype":"string"},"type":"statement","id":"Q885075$E9BBB884-F974-4796-ABD4-8FE53F1009AB","rank":"normal"}],"P1460":[{"mainsnak":{"snaktype":"value","property":"P1460","hash":"57f7fea50d2ce1b39b695c4a1313582eed405e38","datavalue":{"value":{"entity-type":"item","numeric-id":5976449,"id":"Q5976449"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q885075$01EFA26E-DB22-4253-8D06-07670CA827D1","rank":"normal"}],"P205":[{"mainsnak":{"snaktype":"value","property":"P205","hash":"d167ecd2d5ab30ca06a87f952ff84862e4681d8a","datavalue":{"value":"https://doi.org/10.1007/s11238-007-9031-9","type":"string"},"datatype":"url"},"type":"statement","id":"Q885075$8FCECA95-CAE0-411B-94E2-FFF251E3FBB4","rank":"normal"}],"P388":[{"mainsnak":{"snaktype":"value","property":"P388","hash":"4bff3c2663ed093aafe871f9284caef956c22220","datavalue":{"value":"W2089097707","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q885075$7852AB69-B9B1-4747-91CA-1444D9EE805C","rank":"normal"}],"P223":[{"mainsnak":{"snaktype":"value","property":"P223","hash":"299941907734a8ba20ed191966319595f82708e1","datavalue":{"value":{"entity-type":"item","numeric-id":4147847,"id":"Q4147847"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q885075$791F3DB8-3B61-4F07-9E7B-895E73A76023","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"d731f214a913f81f7465f5d3868e5b388511eae1","datavalue":{"value":{"entity-type":"item","numeric-id":1050900,"id":"Q1050900"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q885075$329D962C-0BAD-4BE3-B9CA-0A0F02B02B70","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"5f6feace5b63159d712b051c7ba09619ff07072a","datavalue":{"value":{"entity-type":"item","numeric-id":5341352,"id":"Q5341352"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q885075$DA967B38-9FED-433A-A7D8-A846F084A9F5","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"0fec3f1bb4eefe062f51913b30b941bbfb69fec7","datavalue":{"value":{"entity-type":"item","numeric-id":3673468,"id":"Q3673468"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q885075$A00E6113-E95D-4474-A98F-EB5E6F76CEC7","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"f219fc61037fe446d1ca49ad11fa711f2080f43a","datavalue":{"value":{"entity-type":"item","numeric-id":707294,"id":"Q707294"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q885075$7905F5B3-E40B-4E23-B623-225CB4362A81","rank":"normal"}],"P27":[{"mainsnak":{"snaktype":"value","property":"P27","hash":"0e698a9f1741a0fc611eb4b1d7c9093fa40cd842","datavalue":{"value":"10.1007/S11238-007-9031-9","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q885075$AA235421-C339-4801-9114-E24F2EC0A653","rank":"normal"}],"P1643":[{"mainsnak":{"snaktype":"value","property":"P1643","hash":"36f0daf7e4c2e9adecef9209f3c02facd3e6b744","datavalue":{"value":{"entity-type":"item","numeric-id":3117704,"id":"Q3117704"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"9ef209486dd349118ad66cb8802cfc955d914274","datavalue":{"value":{"amount":"+0.81304353","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q885075$12ADDC0B-6196-48D6-9B83-EC0871C1BAD8","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"fe4ed2b37b40d2d10330dca0f49d739769b37fdd","datavalue":{"value":{"entity-type":"item","numeric-id":1690076,"id":"Q1690076"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"7a9e8fdb977b214cb1d4212b1148d81e5ae31550","datavalue":{"value":{"amount":"+0.8125784","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q885075$666424FA-C5E9-4EB3-B7FA-AAED9F583AD0","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"2dbf9349a9284c2439e0f556e65de79c64660ebe","datavalue":{"value":{"entity-type":"item","numeric-id":655226,"id":"Q655226"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"e2a76e2a55e7463856d99e23019bcd67ff078d37","datavalue":{"value":{"amount":"+0.80983746","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q885075$2815BD55-BDA0-4DA7-9630-242B2D7DDE8B","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"452411f115f64df046c7f53bbf27880d96061133","datavalue":{"value":{"entity-type":"item","numeric-id":3570214,"id":"Q3570214"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"f8c8b5de08d1edcd02cd38528a8ce0ba4f3baf62","datavalue":{"value":{"amount":"+0.80133766","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q885075$AD9D31AF-0C3B-4234-A7E2-ABDC95AD08C4","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"e50c44afaeca1d6dd4ce99d7c29dd85bb471eb5c","datavalue":{"value":{"entity-type":"item","numeric-id":1046244,"id":"Q1046244"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"8b7c1b6029d329b1ad511a95b8d05b3921b6a5ec","datavalue":{"value":{"amount":"+0.80070263","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q885075$10E76EE2-1112-4B4C-92C2-4C4EBBD0EC4F","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"377fceedca6997ad04145c6420a6be2e6d4f64e0","datavalue":{"value":{"entity-type":"item","numeric-id":1927306,"id":"Q1927306"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"3abc7de8847222526893f41ce5f37721c370205a","datavalue":{"value":{"amount":"+0.7998564","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q885075$FB4C7DB2-61CB-4B43-96BA-B4946F61CDCA","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"fcfaa089add77986861eb0aff620848dc22eb7c8","datavalue":{"value":{"entity-type":"item","numeric-id":6170042,"id":"Q6170042"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"b657fba9cfce97403643360149e6e23fd65691b9","datavalue":{"value":{"amount":"+0.7954601","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q885075$CE7A79DD-9782-4DB1-B584-0CB485F6892F","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"e2ad1893187598e08558f1ae58f6dc5f5331de58","datavalue":{"value":{"entity-type":"item","numeric-id":1977848,"id":"Q1977848"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"8348f0d5c4df0e6fdbf5380dbb412b194d7d5fd1","datavalue":{"value":{"amount":"+0.7949045","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q885075$0B2845C0-EC45-4ADC-B974-5CC91A5862BD","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"e1165b4ebd69ad86fb417aab66bf14740fd875aa","datavalue":{"value":{"entity-type":"item","numeric-id":5429592,"id":"Q5429592"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"e6a025706c23ae8478732888226fd6586bcfe161","datavalue":{"value":{"amount":"+0.7929677","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q885075$39892B81-DA8D-4402-8983-0B675CCCA76E","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"cf77a266c8e2f943373c73dfaa38f1298ab052f7","datavalue":{"value":{"entity-type":"item","numeric-id":3117269,"id":"Q3117269"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"e17f3cd5e5ddec3ba5dc1ac55c45f3add26629a4","datavalue":{"value":{"amount":"+0.79280627","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q885075$550F526C-47A0-498B-AFEA-40B4C7415088","rank":"normal"}]},"sitelinks":{"mardi":{"site":"mardi","title":"Asking price and price discounts: the strategy of selling an asset under price uncertainty","badges":[]}}}}}