Consumer price sensitivity in the retail industry: latitude of acceptance with heterogeneous demand

DOI10.1016/J.EJOR.2013.01.010MaRDI QIDQ2355091zbMATH OpenOpenAlexFDO

Authors Esteban Casado, Juan-Carlos Ferrer

Publication date 28 July 2015

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

Full work available at URL https://doi.org/10.1016/j.ejor.2013.01.010

zbMATH Keywords

latitude of acceptanceprice elasticity of demandprice thresholdpricingreference price

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

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Cites work

• Algorithm AS 136: A K-Means Clustering Algorithm
• Automobile Prices in Market Equilibrium
• Maximizing profit of a food retailing chain by targeting and promoting valuable customers using loyalty card and scanner data
• Prospect Theory: An Analysis of Decision under Risk
• Stata

Cited in

(16)

• Variations in price elasticities
• Retail store operations: literature review and research directions
• Addressing endogeneity in aggregate logit models with time-varying parameters for optimal retail-pricing
• Determinants of regular, promotional and cross price elasticities
• Dynamic oligopoly pricing with reference-price effects
• The value of information for price dependent demand
• Ensemble learning from model based trees with application to differential price sensitivity assessment
• The optimal green strategies for competitive ocean carriers under potential regulation
• Product assortment and space allocation strategies to attract loyal and non-loyal customers
• Price optimization with reference price effects: a generalized Benders' decomposition method and a myopic heuristic approach
• Detecting price thresholds in choice models using a semi-parametric approach
• Consumers' price sensitivities across complementary categories
• Modelling category demand in retail chains
• Relations of brand price level and specifications to demand price elasticity of China's color TV products
• Effective price elasticity for the Taiwan Lotto
• An overview of revenue management and dynamic pricing models in hotel business

Describes a project that uses

Uses Software

• Stata
• AS 136
• ivreg2

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