A continuous-time dynamic pricing model knowing the competitor's pricing strategy

DOI10.1016/J.EJOR.2013.02.022MaRDI QIDQ2355835zbMATH OpenOpenAlexFDO

Authors Kimitoshi Sato, Katsushige Sawaki

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.2013.02.022

zbMATH Keywords

dynamic pricingrevenue managementtransport competition

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Dynamic programming in optimal control and differential games (49L20) Microeconomic theory (price theory and economic markets) (91B24) Special types of economic markets (including Cournot, Bertrand) (91B54) Optimal stochastic control (93E20)

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Cites work

• scientific article; zbMATH DE number 158461 (Why is no real title available?)
• A Monopolistic and Oligopolistic Stochastic Flow Revenue Management Model
• A Multiproduct Dynamic Pricing Problem and Its Applications to Network Yield Management
• Dynamic price competition with discrete customer choices
• Dynamic pricing in the presence of strategic consumers and oligopolistic competition
• Dynamic pricing of airline tickets with competition
• List pricing versus dynamic pricing: impact on the revenue risk
• Optimal Dynamic Pricing of Inventories with Stochastic Demand over Finite Horizons
• Revenue management for low-cost providers
• The endogenous price dynamics of emission allowances and an application to CO\(_2\) option pricing

Cited in

(7)

• Modeling the transient nature of dynamic pricing with demand learning in a competitive environment
• Dynamic pricing of airline tickets with competition
• Dynamic marketing model: the case of piece-wise constant pricing
• Two-period pricing and decision strategies in a two-echelon supply chain under price-dependent demand
• Price trends and dynamic pricing in perishable product market consisting of superior and inferior firms
• An overview of revenue management and dynamic pricing models in hotel business
• A nonatomic-game model for timing clearance sales under competition

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