This study examines the effectiveness of two prevailingly used sets of mutually exclusive surcharge policies in C2C online auctions. The first policy is the option of using an all-inclusive pricing strategy or a partitioned pricing strategy. The second policy entails the flexibility of shipping policies based on shipping destinations (domestic shipping versus worldwide shipping). The impacts of...

The right pricing of products is one of the most important issues concerning the development of companies’ financial performance. Prices should be low enough to attract customers and at the same time high enough to cover all the emerged costs and expected profits. This research illustrates how self-organizing maps (SOM) can be used for pricing purposes. We show how changes in a company’s pricin...

We construct the contingent claims models that price participating policies with rate guarantees, bonuses and default risk. These policies are characterized by the sharing of profits from an investment portfolio between the insurer and the policy holders. A certain surplus distribution mechanism (reversionary bonus) is employed to credit interest at or above certain specified guaranteed rate pe...

This paper develops a spatial general equilibrium model that accommodates both congestion and agglomeration externalities, while firms’ and households’ land-use decisions are endogenous across continuous space. Focusing on the interaction between externalities and land use patterns, we examine the efficiencies of first-best policies and second-best pricing and placebased strategies using simula...

This paper develops and parameterizes an overarching analytical framework to estimate the welfare effects of energy efficiency standards applied to automobiles and electricity-using durables. We also compare standards with sectoral and economywide pricing policies. The model captures a wide range of externalities and preexisting energy policies, and it allows for possible “misperceptions”—marke...

This paper presents polynomially solvable stochastic models to tackle the Vehicle Sharing System (VSS) pricing problem. We focus on optimizing the average number of trips sold with static demands, infinite station capacities and null transportation times. The stochastic VSS pricing problem is modeled as a closed queuing network with infinite buffers and continuous controls on transition rates f...

In this paper, we introduce the concept of dynamic pricing within the context of our previous Stackelberg network game model and view the ISP’s policy as an incentive policy, and the underlying game as a reverse Stackelberg game. We study this incentive-design problem under complete information as well as incomplete information. In both cases, we show that the game is not generally incentive co...

This paper focuses on potential interaction between the mortgage underwriting and pricing decisions for fair lending analysis of mortgage pricing. We argue that the loan approval or denial decision determines the loan origination population and therefore the underwriting policies might affect the fair lending assessment of the subsequent pricing decisions. The paper also finds that sample selec...

This paper (a) provides a methodological taxonomy of pricing, financing, reimbursement, and cost containment methodologies for pharmaceuticals; (b) analyzes complex agency relationships and the health versus industrial policy tradeoff; (c) pinpoints financing measures to balance safety and effectiveness of medicines and their affordability by publicly funded systems in transition; and (d) highl...