An empirical analysis of competitive nonlinear pricing
Sign Up to like & getrecommendations! Published in 2020 at "International Journal of Industrial Organization"
DOI: 10.1016/j.ijindorg.2019.102538
Abstract: In this paper I estimate a model of competitive nonlinear pricing with multidimensional adverse selection. I model competition using a Stackelberg duopoly and solve the multidimensional screening problem by aggregating the multidimensional type into a… read more here.
Keywords: nonlinear pricing; empirical analysis; joint density; density ... See more keywords
Nonlinear pricing under inequity aversion
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Economic Behavior and Organization"
DOI: 10.1016/j.jebo.2019.11.013
Abstract: Abstract We consider a monopoly which practices nonlinear pricing, where buyers may have inequity-averse preferences. Each buyer has a valuation for the good, drawn from a distribution. The monopoly knows the distribution but not the… read more here.
Keywords: pricing inequity; nonlinear pricing; inequity averse; inequity ... See more keywords
Nonlinear Pricing and the Market for Settling Payments
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Money, Credit and Banking"
DOI: 10.1111/jmcb.12553
Abstract: Fedwire Funds is a real‐time gross settlement system that uses a decreasing block pricing scheme to attract nonurgent payments. A bank's optimal response to Fedwire's pricing depends on its perceived benefits to settling nonurgent payments… read more here.
Keywords: settlement; nonlinear pricing; settling payments; market settling ... See more keywords
Symmetries and exact solutions of a nonlinear pricing options equation
Sign Up to like & getrecommendations! Published in 2017 at "Ufa Mathematical Journal"
DOI: 10.13108/2017-9-1-29
Abstract: We study the group structure of the Schönbucher–Wilmott equation with a free parameter, which models the pricing options. We find a five-dimensional group of equivalence transformations for this equation. By means of this group we… read more here.
Keywords: solutions nonlinear; nonlinear pricing; pricing options; symmetries exact ... See more keywords