This paper analyses the impact of changes in product market competition on the marginal cost of public funds (MCPF) and public goods supply when distortionary commodity taxes are used to raise revenue. First, less competition (measured by a switch from Bertrand to Cournot conduct, or a decrease in the elasticity of demand) does not necessarily raise the MPCF. Second, even if it does, optimal pu...

O2O (Online to Offline) business model, a kind of new business model between online and offline channel, is put forward by some innovative enterprises. Supply chain decision under O2O business model completely changes price competition in traditional dualchannel supply chains. Operation strategies in O2O supply chains such as price discrimination and service free-riding have become important is...

This paper proposes a model for dynamic pricing that combines knowledge of production capacity and existing commitments, reasoning about uncertainty and learning of market conditions in an attempt to optimise expected profits. In particular, the changing market conditions are represented as a set of probabilities over the success rate of product prices. The dynamic pricing model is integrated i...

Perfect competition or Bertrand competition cause price to equal marginal cost, so that excise tax incidence can be illustrated with the most basic supply-demand diagram. Some results are: • excise taxes are shared by suppliers and demanders according to their relative price elasticities • holding revenue fixed, it doesn’t matter (for supply price, demand price, and quantity traded) whether the...

Supply chain management can be greatly improved using autonomous agents. The Trading Agent Competition Supply Chain Management (TAC SCM) competition is a forum for developing such agents. This paper introduces StormFront, a moderately successful agent that attempts to produce a high volume of products at a low profit margin, capturing the majority of customer demand. The underlying components a...