Two Part Tariff

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Two Part Tariff

Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 316 pages
Book Rating : 4.:/5 (661 download)

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Book Synopsis Two Part Tariff by : Fouad Sabry

Download or read book Two Part Tariff written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-04-15 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Two Part Tariff A two-part tariff (TPT) is a form of price discrimination wherein the price of a product or service is composed of two parts - a lump-sum fee as well as a per-unit charge. In general, such a pricing technique only occurs in partially or fully monopolistic markets. It is designed to enable the firm to capture more consumer surplus than it otherwise would in a non-discriminating pricing environment. Two-part tariffs may also exist in competitive markets when consumers are uncertain about their ultimate demand. Health club consumers, for example, may be uncertain about their level of future commitment to an exercise regimen. Two-part tariffs are easy to implement when connection or entrance fees can be charged along with a price per unit consumed. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Two-part tariff Chapter 2: Microeconomics Chapter 3: Monopoly Chapter 4: Monopolistic competition Chapter 5: Perfect competition Chapter 6: Imperfect competition Chapter 7: Deadweight loss Chapter 8: Economic surplus Chapter 9: Price discrimination Chapter 10: Profit maximization Chapter 11: Economic equilibrium Chapter 12: Monopoly profit Chapter 13: Allocative efficiency Chapter 14: Marginal revenue Chapter 15: Ramsey problem Chapter 16: Pricing strategies Chapter 17: Market distortion Chapter 18: Profit (economics) Chapter 19: Monopoly price Chapter 20: Markup (business) Chapter 21: Double marginalization (II) Answering the public top questions about two part tariff. (III) Real world examples for the usage of two part tariff in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Two Part Tariff.

Two-Part Tariff Competition in Duopoly

Author : Xiangkang Yin
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Two-Part Tariff Competition in Duopoly by : Xiangkang Yin

Download or read book Two-Part Tariff Competition in Duopoly written by Xiangkang Yin and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the market equilibrium and welfare effects of two-part tariff competition. When consumers are uniformly distributed on a Hotelling line, equilibrium prices are equal to marginal costs if and only if the demand of the marginal consumer is equal to the average demand. Entry fees are socially optimal in a symmetric equilibrium if all consumers participate in the market. In comparison with uniform pricing, two-part tariffs tend to have lower prices, higher profits and social welfare. In the logit model, marginal cost pricing holds but entry fees are higher than the social optimum. Two-part tariffs also lead to lower aggregate net consumer surplus but higher profits than uniform pricing.

Two-part Tariff Competition with Switching Costs and Sales Agents

Author : Solange Berstein J.
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Two-part Tariff Competition with Switching Costs and Sales Agents by : Solange Berstein J.

Download or read book Two-part Tariff Competition with Switching Costs and Sales Agents written by Solange Berstein J. and published by . This book was released on 2002 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

How to Price

Author : Oz Shy
Publisher : Cambridge University Press
ISBN 13 : 1139469223
Total Pages : 421 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis How to Price by : Oz Shy

Download or read book How to Price written by Oz Shy and published by Cambridge University Press. This book was released on 2008-01-14 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past four decades, business and academic economists, operations researchers, marketing scientists, and consulting firms have increased their interest and research on pricing and revenue management. This book introduces the reader to a wide variety of research results on pricing techniques in a unified, systematic way and at varying levels of difficulty. The book contains a large number of exercises and solutions and therefore can serve as a main or supplementary course textbook, as well as a reference guidebook for pricing consultants, managers, industrial engineers, and writers of pricing software applications. Despite a moderate technical orientation, the book is accessible to readers with a limited knowledge in these fields as well as to readers who have had more training in economics.

Optimal Control and Dynamic Games

Author : Christophe Deissenberg
Publisher : Springer Science & Business Media
ISBN 13 : 0387258051
Total Pages : 351 pages
Book Rating : 4.3/5 (872 download)

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Book Synopsis Optimal Control and Dynamic Games by : Christophe Deissenberg

Download or read book Optimal Control and Dynamic Games written by Christophe Deissenberg and published by Springer Science & Business Media. This book was released on 2005-11-03 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Optimal Control and Dynamic Games has been edited to honor the outstanding contributions of Professor Suresh Sethi in the fields of Applied Optimal Control. Professor Sethi is internationally one of the foremost experts in this field. He is, among others, co-author of the popular textbook "Sethi and Thompson: Optimal Control Theory: Applications to Management Science and Economics". The book consists of a collection of essays by some of the best known scientists in the field, covering diverse aspects of applications of optimal control and dynamic games to problems in Finance, Management Science, Economics, and Operations Research. In doing so, it provides both a state-of-the-art overview over recent developments in the field, and a reference work covering the wide variety of contemporary questions that can be addressed with optimal control tools, and demonstrates the fruitfulness of the methodology.

Doing More with Less

Author : Adib Bagh
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Doing More with Less by : Adib Bagh

Download or read book Doing More with Less written by Adib Bagh and published by . This book was released on 2008 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multi-part tariffs, such as menus of two-part tariffs and three-part tariffs, are widely used in industry, especially for pricing of information goods, online services, telecommunications products, etc. This paper examines the effectiveness of these price structures for price discriminating between heterogeneous customers. We show that a relatively small menu of three-part tariffs (3PTs) can be more profitable and, sometimes, socially more desirable than a larger menu (more items) of two-part tariffs (2PTs). Often, a single three-part tariff can beat a menu of multiple two-part tariffs. Moreover, this 3PT menu has lower hidden costs - it can be designed with less information about consumer preferences, relative to the menu of two-part tariffs. The 3PT structure not only produces higher profit, but has lower managerial and decision complexity.

Intermediate Microeconomics

Author : Patrick M. Emerson
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (123 download)

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Book Synopsis Intermediate Microeconomics by : Patrick M. Emerson

Download or read book Intermediate Microeconomics written by Patrick M. Emerson and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Two-part Tariffs with Quality Degradation

Author : Sissel Jensen
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (5 download)

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Book Synopsis Two-part Tariffs with Quality Degradation by : Sissel Jensen

Download or read book Two-part Tariffs with Quality Degradation written by Sissel Jensen and published by . This book was released on 2006 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

When two-part tariffs are not enough : mixing with nonlinear pricing

Author : Steffen Hörnig
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (637 download)

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Book Synopsis When two-part tariffs are not enough : mixing with nonlinear pricing by : Steffen Hörnig

Download or read book When two-part tariffs are not enough : mixing with nonlinear pricing written by Steffen Hörnig and published by . This book was released on 2010 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Two-Part Pricing, Consumer Heterogeneity and Cournot Competition

Author : Sissel Jensen
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Two-Part Pricing, Consumer Heterogeneity and Cournot Competition by : Sissel Jensen

Download or read book Two-Part Pricing, Consumer Heterogeneity and Cournot Competition written by Sissel Jensen and published by . This book was released on 2009 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze two-part tariffs in an oligopoly, where each firm commits to a quantity and a fixed fee prior to the determination of unit prices. In the case of homogeneous consumers, Harrison and Kline (2001) showed that the equilibrium involves marginal cost pricing and that increased competition affects industry profit and the tariff structure solely by reducing the fixed fee. We show that firms' pricing strategies may change when we allow for demand side heterogeneity. In particular, we find that the price per unit can be either above or below marginal cost, and that the fixed fee increases with increased competition. Finally, some numerical examples show that full market coverage may arise as an equilibrium feature in cases where a monopolist would exclude low-demand types. Hence, fostering competition may contribute to the fulfillment of the Universal Service requirement that is common in industries such as telecommunications, which applies nonlinear pricing on a normal basis.

Price Discrimination

Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 374 pages
Book Rating : 4.:/5 (661 download)

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Book Synopsis Price Discrimination by : Fouad Sabry

Download or read book Price Discrimination written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-03-27 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Price Discrimination Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider in different market segments. Price discrimination is distinguished from product differentiation by the more substantial difference in production cost for the differently priced products involved in the latter strategy. Price differentiation essentially relies on the variation in the customers' willingness to pay and in the elasticity of their demand. For price discrimination to succeed, a firm must have market power, such as a dominant market share, product uniqueness, sole pricing power, etc. All prices under price discrimination are higher than the equilibrium price in a perfectly competitive market. However, some prices under price discrimination may be lower than the price charged by a single-price monopolist. Price discrimination is utilized by the monopolist to recapture some deadweight loss. This Pricing strategy enables firms to capture additional consumer surplus and maximize their profits while benefiting some consumers at lower prices. Price discrimination can take many forms and is prevalent in many industries, from education and telecommunications to healthcare. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Price discrimination Chapter 2: Monopoly Chapter 3: Monopolistic competition Chapter 4: Oligopoly Chapter 5: Perfect competition Chapter 6: Imperfect competition Chapter 7: Deadweight loss Chapter 8: Two-part tariff Chapter 9: Pricing Chapter 10: Barriers to entry Chapter 11: Yield management Chapter 12: Market power Chapter 13: Non-price competition Chapter 14: Market structure Chapter 15: Pricing strategies Chapter 16: Dynamic pricing Chapter 17: Revenue management Chapter 18: Value-based pricing Chapter 19: Rental value Chapter 20: Profit (economics) Chapter 21: Monopoly price (II) Answering the public top questions about price discrimination. (III) Real world examples for the usage of price discrimination in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Price Discrimination.

Confessions of the Pricing Man

Author : Hermann Simon
Publisher : Springer
ISBN 13 : 3319204009
Total Pages : 231 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis Confessions of the Pricing Man by : Hermann Simon

Download or read book Confessions of the Pricing Man written by Hermann Simon and published by Springer. This book was released on 2015-10-20 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world’s foremost expert on pricing strategy shows how this mysterious process works and how to maximize value through pricing to company and customer. In all walks of life, we constantly make decisions about whether something is worth our money or our time, or try to convince others to part with their money or their time. Price is the place where value and money meet. From the global release of the latest electronic gadget to the bewildering gyrations of oil futures to markdowns at the bargain store, price is the most powerful and pervasive economic force in our day-to-day lives and one of the least understood. The recipe for successful pricing often sounds like an exotic cocktail, with equal parts psychology, economics, strategy, tools and incentives stirred up together, usually with just enough math to sour the taste. That leads managers to water down the drink with hunches and rules of thumb, or leave out the parts with which they don’t feel comfortable. While this makes for a sweeter drink, it often lacks the punch to have an impact on the customer or on the business. It doesn’t have to be that way, though, as Hermann Simon illustrates through dozens of stories collected over four decades in the trenches and behind the scenes. A world-renowned speaker on pricing and a trusted advisor to Fortune 500 executives, Simon’s lifelong journey has taken him from rural farmers’ markets, to a distinguished academic career, to a long second career as an entrepreneur and management consultant to companies large and small throughout the world. Along the way, he has learned from Nobel Prize winners and leading management gurus, and helped countless managers and executives use pricing as a way to create new markets, grow their businesses and gain a sustained competitive advantage. He also learned some tough personal lessons about value, how people perceive it, and how people profit from it. In this engaging and practical narrative, Simon leaves nothing out of the pricing cocktail, but still makes it go down smoothly and leaves you wanting to learn more and do more—as a consumer or as a business person. You will never look at pricing the same way again.

When Talk is 'Free'

Author : Eva Ascarza
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis When Talk is 'Free' by : Eva Ascarza

Download or read book When Talk is 'Free' written by Eva Ascarza and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In many service industries, firms introduce three-part tariffs to replace or complement existing two-part tariffs. As opposed to two-part tariffs, three-part tariffs offer allowances, or “free” units of the service. Behavioral research suggests that the attributes of a pricing plan may affect behavior beyond their direct cost implications. There is evidence that customers value “free” units above and beyond what would be expected based on the change to their budget constraint. Nonlinear pricing research, however, has not considered such an effect. We consider a market where three-part tariffs were introduced for the first time. We analyze tariff choice and usage behavior for customers who switch from two-part to three-part tariffs. We find that switchers significantly “over-use” compared to their prior two-part tariff usage. They attain a level of consumption that cannot be explained by a shift in the budget constraint. We estimate a discrete-continuous model of tariff choice and usage that accounts for the valuation of “free” units. Our results show that 83.9% of three-part tariff users value minutes on a three-part tariff more than they would on a two-part tariff. We derive recommendations for how the provider can exploit these insights to further increase revenues.

Strategic Effects of Three-Part Tariffs Under Oligopoly

Author : Yong Chao
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Strategic Effects of Three-Part Tariffs Under Oligopoly by : Yong Chao

Download or read book Strategic Effects of Three-Part Tariffs Under Oligopoly written by Yong Chao and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A three-part tariff refers to a pricing scheme consisting of a fixed fee, a free allowance of units up to which the marginal price is zero, and a positive per-unit price for additional demand beyond that allowance. The three-part tariff and its variations are commonly used in both final-goods and intermediate-goods markets. Recently, the offering of three-part tariffs and the like by dominant firms has become a prominent antitrust issue. Existing studies have focused on monopoly models, interpreting the three-part tariff as a price discrimination device. In this paper, I investigate the strategic effects of three-part tariffs in a sequential-move game and offer an equilibrium theory of three-part tariffs in a competitive context. I show that, compared with linear pricing equilibrium and two-part tariff equilibrium, a three-part tariff always strictly increases the dominant firm's (the leader's) profit when competing against a rival (the follower) with substitute products, in the absence of usual price discrimination motive. To explore the effects of a three-part tariff on welfare, I further perform comparative statics analysis using general differentiated linear demand system. I show that the competitive effect of a three-part tariff in contrast to linear pricing depends on the degree of substitutability between products: Competition is intensified when two products are more differentiated, yet softened when two products are more substitutable. This is in stark contrast with the competitive scenario posed by a two-part tariff: A two-part tariff always enhances competition and gives the highest total surplus of these three pricing schemes. Moreover, the rival firm always gets hurt in both profit and quantity sale when the dominant firm switches from linear pricing to a two-part tariff, yet it enjoys higher profit when the dominant firm moves from a two-part tariff to the more ornate three-part tariff, despite the fact that its quantity and market share are decreased even further. My findings offer a new perspective on three-part tariffs, a perspective which could help antitrust enforcement agencies distinguish the exclusionary three-part tariff from the procompetitive one.

Optimal Two-part Tariffs for a Monopoly Firm

Author : Barbara Lynne Conrad
Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.:/5 (15 download)

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Book Synopsis Optimal Two-part Tariffs for a Monopoly Firm by : Barbara Lynne Conrad

Download or read book Optimal Two-part Tariffs for a Monopoly Firm written by Barbara Lynne Conrad and published by . This book was released on 1985 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

On two-part tariff competition in a homogeneous product duopoly

Author : Krina Griva
Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis On two-part tariff competition in a homogeneous product duopoly by : Krina Griva

Download or read book On two-part tariff competition in a homogeneous product duopoly written by Krina Griva and published by . This book was released on 2012 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Efficient Two-part Tariffs with Uncertainty and Interdependent Demand

Author : Sherrill Lynn Shaffer
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (25 download)

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Book Synopsis Efficient Two-part Tariffs with Uncertainty and Interdependent Demand by : Sherrill Lynn Shaffer

Download or read book Efficient Two-part Tariffs with Uncertainty and Interdependent Demand written by Sherrill Lynn Shaffer and published by . This book was released on 1991 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: