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Levin, Y., McGill, J. and Nediak, M. (2010) Optimal Dynamic Pricing of Perishable Items by a Monopolist Facing Strategic Consumers. Management Science, 19, 40-60.

has been cited by the following article:

• TITLE: Dynamic Pricing of Perishable Products with Competition

  AUTHORS: Weiwei Ji

  KEYWORDS: Dynamic Pricing; Perishable Products; Competition

  JOURNAL NAME: Open Journal of Social Sciences, Vol.3 No.3, March 18, 2015

  ABSTRACT: With the development of product development technology and the rapid rise of online retailing, the market competition becomes increasingly fierce. Based on consumer utility function, this article established a two-stage dynamic pricing model and discussed pricing strategies under consumer behavior and market competition. Findings indicate that product quality difference and consumer valuation decreasing coefficient determine the order of the consumer purchase decisions. The firm who provides lower-quality products suffered more loss than the firm who provides high-quality products.