Pricing Theater Seats: The Value of Price Commitment and Monotone Discounting
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چکیده
منابع مشابه
Pricing Theater Seats: The Value of Price Commitment and Monotone Discounting
We examine the value of price commitment for a nonprofit organization using individual level purchases over a series of concert performances. To decide on a pricing policy, the performing arts organization must be able to accurately measure when each ticket will be sold and what type of audience will purchase the tickets for each performance. We use a competing hazards framework to model the ti...
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Endogenous price commitment, sticky and leadership pricing: Evidence from the Italian petrol market
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متن کاملFilling Seats at a Theater: Estimating the Impact of Posted Prices and Dynamic Discounts
Applying revenue management techniques for the entertainment industries, such as theaters, faces several specific challenges. Many theaters increase their audience and revenues through promotional discounts and pricing strategies based on the quality of the seats. Due to the varying quality of shows, and the high availability of seats, many customers purchase tickets or postpone their purchases...
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ژورنال
عنوان ژورنال: Production and Operations Management
سال: 2016
ISSN: 1059-1478
DOI: 10.1111/poms.12611