Competitive dynamic pricing with alternating offers: theory and experiment

DOI10.1016/J.GEB.2011.08.018MaRDI QIDQ417697zbMATH OpenOpenAlexFDO

Authors Vincent Mak, Amnon Rapoport, Eyran J. Gisches

Publication date 14 May 2012

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.geb.2011.08.018

zbMATH Keywords

experimental economicsdynamic pricingcompetitive duopolystrategic vs. myopic buyers

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Experimental studies (91A90)

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• Dynamic price competition
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Cites work

• A Monopolistic and Oligopolistic Stochastic Flow Revenue Management Model
• A Multistage Model of Bargaining
• Capacity Choice Counters the Coase Conjecture
• Cyclic Pricing by a Durable Goods Monopolist
• Dynamic Edgeworth-Bertrand Competition
• Dynamic price competition with discrete customer choices
• Dynamic pricing in the presence of strategic consumers and oligopolistic competition
• Dynamic pricing under first order Markovian competition
• Intertemporal Price Discrimination
• Optimal Price Skimming by a Monopolist Facing Rational Consumers
• Perfect Equilibrium in a Bargaining Model
• Pricing Strategies in a Dynamic Duopoly: A Differential Game Model
• Purchasing, Pricing, and Quick Response in the Presence of Strategic Consumers
• The Timing of Sales
• The theory and practice of revenue management

Cited in

(9)

• Ascending prices and package bidding: further experimental analysis
• Sequential price setting: theory and evidence from a lab experiment
• Dynamic pricing decisions and seller-buyer interactions under capacity constraints
• Social learning and delay in a dynamic model of price competition
• Rational buyers search when prices increase
• Name your own price at priceline.com: strategic bidding and lockout periods
• Intertemporal pricing in laboratory posted offer markets with differential information
• Costly waiting in dynamic contests: theory and experiment
• Lottery pricing under time pressure

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