Dynamic pricing with fairness concerns and a capacity constraint
Although some firms use dynamic pricing to respond to demand fluctuations, other firms claim that fairness concerns prevent them from raising prices during periods when demand exceeds capacity. This paper explores conditions in which fairness concerns can or cannot cause shortages. In our model, a f...
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| Format: | Article |
| Language: | English |
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Springer New York LLC
2019
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| Online Access: | View Fulltext in Publisher |