Abstract: | We consider the dynamic pricing and rationing policy of a firm facing strategic customers under the influence of shortage effect. We provide conditions under which it is optimal for the firm to ration. We also identify the necessary and sufficient conditions for the existence of steady state. We also characterize the firm’s pricing and rationing policy under this steady state. |
Date: | 5 December 2016 |
Time: | 9:00am - 9:30am |
Speaker: |
Ms Hanqing LIU PhD Student Department of Management Sciences City University of Hong Kong |
Venue: | Room 7-207, 7/F, Academic 3 |
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