Why do consumers prefer static instead of dynamic pricing plans? An empirical study for a better understanding of the low preferences for time-variant pricing plans

DOI10.1016/J.EJOR.2018.03.033zbMath1390.91249OpenAlexW2795012887MaRDI QIDQ1749528

Christian Schlereth, Bernd Skiera, Fabian Schulz

Publication date: 17 May 2018

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ejor.2018.03.033

zbMATH Keywords

pricingelectricitydiscrete choice experimentshierarchical Bayes extended covariate logit modelprice fairness

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Consumer behavior, demand theory (91B42)

Cites Work

• Unnamed Item
• Pricing of fluctuations in electricity markets
• A robust optimization approach to energy and reserve dispatch in electricity markets
• Forecasting day-ahead electricity load using a multiple equation time series approach
• The structural impact of renewable portfolio standards and feed-in tariffs on electricity markets
• Optimization and analysis of the profitability of tariff structures with two-part tariffs
• Real world performance of choice-based conjoint models
• Hybrid pricing in a coupled European power market with more wind power
• When do changes in consumer preferences make forecasts from choice-based conjoint models unreliable?
• The ability to compensate for suboptimal capacity decisions by optimal pricing decisions
• Estimation methods for choice-based conjoint analysis of consumer preferences
• Discrete Choice Methods with Simulation
• Bayesian Statistics and Marketing
• Choice Models in Marketing: Economic Assumptions, Challenges and Trends
• Bayes Factors

This page was built for publication: Why do consumers prefer static instead of dynamic pricing plans? An empirical study for a better understanding of the low preferences for time-variant pricing plans