reservation price

One way to do this is to set a Reservation price on the item.

This spilled over to a fall in the reservation prices.

Once a team is selected, fans are given its associated reservation price.

The properties of the reservation price can be determined in the usual fashion.

Reservation prices are commonly used in auctions, but the concept is extended beyond.

The indifference price is also known as the reservation price or private valuation.

In auctions the ask price is the reservation price.

If you offer below asking price, be prepared for counteroffers and know what your true reservation price is.

Thus for each unit the seller tries to set the price equal to the consumer's reservation price.

Buyers-especially if by proxy-may have their own reservation price at which they are unwilling to further bid.

The marginal consumer is the one whose reservation price equals to the marginal cost of the product.

The maximum price a consumer is willing to pay for a unit of the good is the reservation price.

We then add on a first dynamic element:(b) a reservation sales strategy, with a constant reservation price.

The action set of each player is a set of bid functions or reservation prices (reserves).

Finally, we add on a third dynamic element:(d) a declining reservation price to use with the reservation sales strategy.

Reservation prices are commonly used in auctions, where the seller may or may not make it known what the lowest acceptable price is.

Over the past 20 years, cigarette tax increases have drastically driven up retail prices, while reservation prices have remained relatively low.

Auctions may set a reservation price which is the least/maximum acceptable price for which a good may be sold/bought.

A ZOPA exists if there is an overlap between each party's reservation price (bottom line).

A reservation price can be used to help calculate the consumer surplus or the producer surplus with reference to the equilibrium price.

Onexim managed the Norilsk Nickel auction, with a reservation price of US$170 million.

The Pacman Conjecture requires that the monopolist to have perfect information about consumer reservation prices and an infinite time horizon.

This results if the profit maximizing price in the aggregate market is above the intercept, or reservation price, in the small market (Figure 2).

Hotels in France All France Hotels: Here you will find lowest reservation prices.

It found that some hotels exclude what are commonly referred to as resort fees from the quoted reservation price, for amenities like newspapers, exercise facilities or internet access.