Rationing in a durable goods monopoly

Article Abstract:

A study was conducted to analyze equilibrium pricing and show that rationing minimizes initiatives to lower future prices. The two-period durable goods monopoly framework was utilized to carry out the analysis. It was then assumed that consumers' willingness to pay is uniformly distributed over an interval that supports a linear static demand function. In addition, backward induction was used to compute time-consistent strategies.

Pricing Policy, Analysis, Monopolies, Rationing

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Bilateral most-favored-customer pricing and collusion

Article Abstract:

An analysis of most-favored-customer (MFC) pricing scheme and collusion is presented. Firms are able to implement such price policies under two-period differentiated products duopoly conditions. However, results show that demand conditions must be clearly set such that MFC pricing firms achieve equilibrium. In addition, one of the firms must exhibit more price sensitivity than the other to achieve a stable price set.

Price control, Price regulations

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Using yield management to shift demand when the peak time is unknown

Article Abstract:

A novel approach to yield management was developed to address the traditional loopholes of stochastic peak-load and conventional peak-load models. The proposed framework dwells on the use of equilibrium price dispersion concept to adopt a demand shifting scheme that is optimal even if the peak time is unknown. Such an approach has been proven to reduce equilibrium capacity costs substantially.

Research, Management, Shift work, Systems engineering, Peak load

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