Information commodities make use of storage, processing, and communication capabilities in varying degrees to acquire market value. We have identified five major value-adding dimensions of information commodities: (1) kernel; (2) storage; (3) processing; (4) distribution; and (5) presentation. The k
The Value of Dynamic Pricing in Mass Markets
โ Scribed by Ahmad Faruqui; Stephen S George
- Publisher
- Elsevier Science
- Year
- 2002
- Tongue
- English
- Weight
- 407 KB
- Volume
- 15
- Category
- Article
- ISSN
- 1040-6190
No coin nor oath required. For personal study only.
โฆ Synopsis
The simpler forms of dynamic pricing, in which prices vary only during extreme supply conditions, may capture many of the economic beneยฎts of real-time pricing, and may be suitable for wide-scale deployment to mass-market consumers, for whom dynamic pricing options have largely been ignored.
๐ SIMILAR VOLUMES
The derived-demand price of an information commodity depends on the commodity's cost impact on a user's production process. We model an arbitrary production process as a collection of interrelated tasks which can be represented in the form of a production digraph. The nodes of the digraph represent
## Abstract We advance a model of the tradable permit market and derive a pricing formula for contingent claims traded in the market in a general equilibrium framework. It is shown that prices of such contingent claims exhibit significantly different properties from those in the ordinary financial
We thank an anonymous referee for helpful comments on the initial draft.