Pricing in electronic markets and networks

Pricing Liquidity in Electronic Markets

Intermediation and electronic markets: aggregation and pricing in Internet commerce

The Internet continues to grow as a medium to support commerce. Economic analysis of Internet commerce is still in a nascent stage while Internet technology and use has rapidly advanced. The result is an Internet marketplace brimming with entrepreneurs and major corporations experimenting with business strategies and technology advances even though the economics of Internet commerce is not well...

Dual Pricing and the Information Deficit in Electronic Markets

We model the availability of product information in Internet-based markets, and explain the underlying causes for the phenomenon of less than perfect information available to consumers of products and services in these markets. We use Salop’s model of product differentiation and explore the conditions under which sellers make horizontal information available to buyers. We demonstrate that under...

A DSS-Based Dynamic Programming for Finding Optimal Markets Using Neural Networks and Pricing

One of the substantial challenges in marketing efforts is determining optimal markets, specifically in market segmentation. The problem is more controversial in electronic commerce and electronic marketing. Consumer behaviour is influenced by different factors and thus varies in different time periods. These dynamic impacts lead to the uncertain behaviour of consumers and therefore harden the t...

Estimating Demand for Dynamic Pricing in Electronic Markets

Economic theory suggests sellers can increase revenue through dynamic pricing; selling identical goods or services at different prices. However, such discrimination requires knowledge of the maximum price that each consumer is willing to pay; information that is often unavailable. Fortunately, electronic markets offer a solution; generating vast quantities of transaction data that, if used inte...