In this paper, we develop a model of experience goods pricing with indepedent private valuations. We show that the optimal paths of sales and prices take qualitatively different shapes for different products. If the buyers are initially pessimistic, then the prices are declining over time. If the buyers are initially optimistic, then the optimal prices are initially low followed by higher price...

in the present work the magnitudes of pigments in the synthetic leather, were measured by means of scanner. initially synthetic leather samples pigmented by three different pigments of yellow, blue and red colors were prepared. then the pigmented samples were scanned, and the values of rgb of images were calculated. the artificial neural network (ann) method used to make relation between rgb va...