Advance selling occurs when sellers allow buyers to purchase at a time preceding consumption (Shugan and Xie 2000). Electronic tickets, smart cards, online prepayments, and other technological advances make advance selling possible for many, if not all, service providers. These technologies lower the cost of making complex transactions at a greater distance from the seller’s site. They also giv...

Abstract This paper studies the effect of trade opportunities on a seller’s incentive to acquire information through experimentation. I characterize unique equilibrium outcome and discuss effects variations in structure probability trade. The main result is that more accurate for buyer can reduce social welfare. Efficiency requires offers price seller always accepts experiments when it socially...

Abstract— We investigate the problem of marketmechanism design for wind energy. We consider a dynamic two-step model with one strategic seller with wind generation and onebuyer, who trade energy through a mechanism determined by adesigner. The seller has private information about his technologyand wind condition, which he learns dynamically over time. Weconsider (static)...

W study the effect of strategic customer behavior on pricing and rationing decisions of a firm selling a single product over two periods. The seller may limit the availability of the product (that is, ration) in the second (clearance) period. Some customers are strategic and respond to the firm’s decisions by timing their purchases. When capacity is nonconstraining and the seller has pricing fl...

in this article, decisions about price and stock allocation for a seller with multiple customer classes are analyzed. with each customer arrival, the seller needs to decide about accepting or rejecting the customer’s demand by considering the stock on hand. in the case of acceptance, one needs to decide about the selling price. after any change in the inventory level, decision about continuing ...

This paper models sequential auctioning of two perfect substitutes by a strategic seller, who learns about demand from the first-auction price. The seller holds the second auction only when the remaining demand is strong enough to cover her opportunity cost. Bidding in anticipation of such a contingent future auction is characterized, including a sufficient condition for existence of an inverti...

the purpose of this research is to evaluate the effective factors on relational marketing in mature relationships between buyer-seller. transaction versus relationship has been considered as a very important topic for research. in this research, marketing strategies are evaluated from two perspectives. the first view is marketing mix management (transactional marketing). transactional marketing...