Analysis of inventory systems involving market-oriented pricing decisions has recently become an interesting topic in the field of inventory control. Price and marketing expenditure are considered as important elements when selling goods and enhancing revenues by manufacturers. The importance of accounting for uncertainty in such environments spurs an interest to develop appropriate decision ma...

In the retail industry, customer value has become key to maintaining competitive advantages. era of new retail, is not only affected by product price, but it also closely related innovations, such as value-added services and unique business models. this paper, we study joint innovation investment pricing decisions in a retailer–supplier supply chain based on revenue sharing contracts value. We ...

Retailers often stock items that are only slightly di¤erentiated from others’–di¤erent sizes of a popular brand, or di¤erent ‡avors in a common product line for instance. We argue that this practice is a form of strategic obfuscation, intended to raise consumer search costs, and margins on non-comparable products. We test our hypothesis using examples from several product categories in German a...

The private for-profit sector is an important source of treatment for malaria. However, private patients face high prices for the recommended treatment for uncomplicated malaria, artemisinin combination therapies (ACTs), which makes them more likely to receive cheaper, less effective non-artemisinin therapies (nATs). This study seeks to better understand consumer antimalarial prices by document...

Recent empirical work suggests that demand functions may, in some cases, be ÒasymmetricÓ. For example, evidence suggests that high quality items ÔstealÕ sales from low quality items, but the converse is not true. It is important to consider the possible impact of such empirical findings of consumer behavior on managerial decision making. In particular, there can be important implications for re...

Recent years have witnessed phenomenal growth of successful deployments of innovative pricing strategies in a variety of industries. For instance, no company underscores the impact of the Internet on product pricing strategies more than Dell Computers. The price of a product is not fixed on Dell’s Web site; it may change significantly over time. Of course, Dell is not alone in its use of sophis...

Mainstream economic theory outlines four main causes of market failure and it is already well established that two of these (information failure and externalities) exist in a tobacco market. A third cause of market failure, market power, is also a serious problem in many tobacco markets. Market power--combined with unintended and often overlooked consequences of tobacco tax policies, notably th...