𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Clearance sale

Book ID
112934701
Publisher
Springer-Verlag
Year
1973
Tongue
English
Weight
85 KB
Volume
50
Category
Article
ISSN
1099-209X

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This article considers advance selling problems. It explains why some goods (e.g. airline tickets) are sold cheap to early buyers, while others (e.g. theatre tickets) offer discounts to those who buy late. We derive the profit maximising selling strategy for a monopolist when aggregate demand is cer