The Discriminating Beta: Prices and Capacity with Correlated Demands.
Uniform customer-class pricing can do much of the work of congestion-based or time-of-day pricing in communication or wireless networks. A monopolist exploits differences in the stochastic characteristics of demands. If demands are correlated and the firm faces a capacity constraint, then it can set...
| Publicado en: | Southern Economic Journal Vol. 81; no. 1; pp. 56 - 68 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Jul2014
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=97102208&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 97102208 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: Jul2014 vid: 81 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 97102208 10.4284/0038-4038-2013.302 ppf: 56 ppct: 12 formats: fmt: – @attributes: type: T – @attributes: type: P size: 4.6MB tig: atl: The Discriminating Beta: Prices and Capacity with Correlated Demands. aug: au: Eckel, Catherine C. Smith, William T. affil: Department of Economics, TAMU 4228, Texas A&M University, College Station, TX 77845, USA Department of Economics, Fogelman College of Business & Economics, University of Memphis, Memphis, TN 38152, USA su: Monopolies Wireless communications Securities trading Quality of service Price discrimination Profitability sug: subj: Monopolies Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing Wireless Telecommunications Carriers (except Satellite) Investment Banking and Securities Dealing Securities Brokerage Wireless communications Securities trading Quality of service Price discrimination Profitability ab: Uniform customer-class pricing can do much of the work of congestion-based or time-of-day pricing in communication or wireless networks. A monopolist exploits differences in the stochastic characteristics of demands. If demands are correlated and the firm faces a capacity constraint, then it can set prices to reduce the variability of aggregate demand, thereby reducing the probability of excess demand and the associated service quality deterioration. Demands that covary negatively with aggregate demand are valuable to the firm in much the same way that securities that covary negatively with the market are valuable in a stock portfolio Customer classes that exhibit low covariance with aggregate demand realize lower optimal prices. Optimal capacity is also affected by these covariances. As long as demands are not perfectly positively correlated, expected costs of joint production are less than expected costs of serving demands separately. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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