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dc.contributor.authorCOURTY, Pascal
dc.contributor.authorPAGLIERO, Mario
dc.date.accessioned2008-01-30T16:49:02Z
dc.date.available2008-01-30T16:49:02Z
dc.date.issued2008
dc.identifier.citationEconomic Theory, 2008, 34, 235–259en
dc.identifier.urihttp://hdl.handle.net/1814/7916
dc.description.abstractAbstract We study the efficiency property of responsive pricing, a scheme that proposes to increase prices as a function of the level of capacity utilization in environments where traditional allocation schemes (e.g. competitive markets, non-linear pricing) cannot be implemented in practice. We show that although responsive pricing implements allocations that are arbitrarily close to full capacity utilization (no wasted capacity and no excess demand), these allocations are not always efficient. We identify conditions under which efficiency occurs and discuss implications for the use of responsive pricing.en
dc.language.isoenen
dc.relation.ispartofEconomic Theory
dc.subjectResponsive pricingen
dc.subjectCongestion pricingen
dc.subjectD60en
dc.subjectL50en
dc.subjectR48en
dc.titleResponsive Pricingen
dc.typeArticleen
dc.neeo.contributorCOURTY|Pascal|aut|EUI70003
dc.neeo.contributorPAGLIERO|Mario|aut|
dc.identifier.volume34
dc.identifier.startpage235


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