dc.contributor.author | COURTY, Pascal | |
dc.contributor.author | PAGLIERO, Mario | |
dc.date.accessioned | 2008-01-14T08:46:44Z | |
dc.date.available | 2008-01-14T08:46:44Z | |
dc.date.issued | 2008 | |
dc.identifier.issn | 1725-6704 | |
dc.identifier.uri | https://hdl.handle.net/1814/7761 | |
dc.description.abstract | Using data from a unique pricing experiment, we investigate Vickrey’s conjecture
that responsive pricing can be used to smooth both predictable and unpredictable demand
shocks. Our evidence shows that increasing the responsiveness of price to demand conditions
reduces the magnitude of deviations in capacity utilization rates from a pre-determined target
level. A 10 percent increase in price variability leads to a decrease in the variability of capacity
utilization rates between 2 and 6 percent. We discuss implications for the use of demand-side
incentives to deal with congestible resources. | en |
dc.format.mimetype | application/pdf | |
dc.language.iso | en | en |
dc.publisher | European University Institute | |
dc.relation.ispartofseries | EUI ECO | en |
dc.relation.ispartofseries | 2008/01 | en |
dc.rights | info:eu-repo/semantics/openAccess | |
dc.subject | D01 | en |
dc.subject | D12 | en |
dc.subject | L11 | en |
dc.subject | L86 | en |
dc.subject | Consumer demand | en |
dc.subject | responsive pricing | en |
dc.subject | capacity utilization | en |
dc.subject | price variability | en |
dc.title | Does Responsive Pricing Smooth Demand Shocks? | en |
dc.type | Working Paper | en |
dc.neeo.contributor | COURTY|Pascal|aut|EUI70003 | |
dc.neeo.contributor | PAGLIERO|Mario|aut| | |
eui.subscribe.skip | true | |