A note on utility-based pricing (Q2351402)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A note on utility-based pricing |
scientific article |
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A note on utility-based pricing (English)
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23 June 2015
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The paper points out some features of utility-based pricing method and indifference pricing method. Authors demonstrate the relationship between these methods. The utility approach enables to simply discuss the property of the partial equilibrium of the random endowment. At the end the authors discuss the features of random endowment using utility-based pricing and indifference pricing.
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utility-based pricing
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indifference pricing
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exponential utility
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partial equilibrium
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income effect
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substitution effect
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