An hypothesis regarding pricing of black-market goods
Article Abstract:
Black markets exert varying pricing effects on commodity-market and individual-item markets. It increases prices and earnings of prohibited goods classified under commodity-market. On the other hand, it exerts a negative effect on prices and demand of prohibited goods classified under individual-item market, such as stolen paintings. Further depreciation in resale-price of such goods can also be attributed to the increase in probability that the stolen good will be recovered.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Rationalizable predatory pricing
Article Abstract:
Predatory pricing is rational even with no variable structural indicators such as cost and demand. An infinite period, perfect information model indicates predatory pricing are rationalizable when competitors are fully informed about the game's probabilities except each other's strategies. Despite the absence of structural variables, the beliefs of the competitors could result in the alteration of standard strategies and induce predatory attitudes among the competitors.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
On the fairness of pricing - an empirical survey among the general population
Article Abstract:
An analysis of pricing fairness is presented. The analysis focuses on the condition that price increases can be justified for coping with surplus demand.It is shown that most consumers consider such a practice unfair. Fairness of pricing is conditioned by choice as a decision-making procedure under recurrentsituations or as a ration demand device for specific fixed supply situations.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The pricing of credit risk derivatives. A stochastic equilibrium model of internet pricing. Experimental analysis of the efficiency of uniform-price versus discriminatory auctions in the England and Wales electricity market
- Abstracts: The matching market institution: a laboratory investigation. Inefficient information aggregation as a source of asset price bubbles
- Abstracts: The current state of the law and economics of predatory pricing. The black hole of graft: the predatory state and the informal economy
- Abstracts: Welfare effects of strategic price setting in anticipation of price regulation. Welfare and monetary precommitment in an economy with menu costs and unionized wage setting
- Abstracts: Efficiency testing revisited: a foreign exchange market with Bayesian learning. Dollarization and inflation in a two-country optimization model