Companies operating in passenger transport face the challenge that they cannot easily assess the effects of pricing decisions they take. Particularly, many incumbent European Railways are revisiting their traditional pricing structures based on static distancebased fares and develop new ways for pricing their services. Building on insights of behavioural pricing and Revenue Management, I invest...

We investigated the inter-day effects of price limits policies that are employed in agent-based simulations. To isolate the impact of price limits from the impact of other factors, we built an artificial stock market with higher frequency price limits hitting. The trading mechanisms in this market are the same as the trading mechanisms in China's stock market. Then, we designed a series of simu...

This paper aims to determine the impact of dividend policy on stock price volatility by taking firms listed on Tehran stock exchange.  A sample of 68 listed companies from Tehran stock exchange is examined for a period from 2001 to 2012.  The estimation is based on cross-sectional ordinary least square regression analysis to find the relationship between share price volatility and dividend poli...

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BACKGROUND Few studies have examined the impact of tobacco tax and price policies in China. In addition, very little is known about the differential responses to tax and price increases based on socioeconomic status in China. OBJECTIVE To estimate the conditional cigarette consumption price elasticity among adult urban smokers in China and to examine the differential responses to cigarette pr...

This work studies the information content of trades in world’s largest over-the-counter (OTC) market, foreign exchange (FX) market. It analyzes a novel, comprehensive order flow data set, distinguishing among different groups market participants and covering large cross-section currency pairs. We find compelling evidence heterogeneous superior across agents, time, pairs, consistent with asymmet...

Recent studies suggest that satisfaction with price affects overall customer satisfaction. In the internet market, customer satisfaction is determined by two separate measures: satisfaction with the pre-purchase experience (e.g. ease of use, selection) and satisfaction with the post-purchase experience (e.g., delivery, order tracking, customer service). Using data collected by a commercial web ...

Six hens pecked a key (Experiment 1) or pushed a door (Experiment 2) to obtain food reinforcement. In both experiments and as an analogue of price changes, the response requirements were varied in two ways: by increasing the number of responses required and by increasing the required force of each response. The two price manipulations (response number and response force) had different effects o...

Do online price estimates directly impact sales prices in the real estate market, and if so, how large is that impact? We develop an estimation model that uses the di↵erence between list prices and online price estimates to proxy for house specific unobservables. To account for neighborhood specific unobservables, we use neighborhood first di↵erencing. Using house price estimates, list prices a...