Responsive Pricing

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dc.contributor.author COURTY, Pascal
dc.contributor.author PAGLIERO, Mario
dc.date.accessioned 2008-01-30T16:49:02Z
dc.date.available 2008-01-30T16:49:02Z
dc.date.issued 2008
dc.identifier.citation Economic Theory, 2008, 34, 235–259 en
dc.identifier.uri http://hdl.handle.net/1814/7916
dc.description.abstract Abstract 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.iso en en
dc.relation.ispartof Economic Theory
dc.subject Responsive pricing en
dc.subject Congestion pricing en
dc.subject D60 en
dc.subject L50 en
dc.subject R48 en
dc.title Responsive Pricing en
dc.type Article en
dc.neeo.contributor COURTY|Pascal|aut|EUI70003
dc.neeo.contributor PAGLIERO|Mario|aut|
dc.identifier.volume 34
dc.identifier.startpage 235


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