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The Achilles tendon of dynamic pricing –– the effect of consumers' fairness preferences on platform's dynamic pricing strategies

Yong Wang, Tianze Tang, Weiyi Zhang, Zhen Sun, Qiaoqin Xiong
2021 Journal of Internet and Digital Economics  
illustrate the importance of incorporating behavioral elements in understanding and designing the dynamic pricing strategies for platforms and the implications on social welfare in general.Originality  ...  The authors also discuss the effect of platforms' discounting factors, the consumers' income and alternative choices of consumption on the dynamic prices.Research limitations/implicationsThe study findings  ...  Efficient market theory justifies the dynamic pricing strategies as they serve to efficiently balance the supply and demand on a real-time basis.  ... 
doi:10.1108/jide-08-2021-0004 fatcat:kwp4yccitvbe5er6c4aprofznu

An agent-based simulation testbed for evaluating internet-based matching mechanisms

Marijn Janssen, Alexander Verbraeck
2005 Simulation modelling practice and theory  
Verbraeck). www.elsevier.com/locate/simpat Simulation Modelling Practice and Theory 13 (2005) 371-388  ...  In this way both the autonomous trading behavior of organizations and their business processes can be simulated.  ...  Verbraeck / Simulation Modelling Practice and Theory 13 (2005) 371-388  ... 
doi:10.1016/j.simpat.2004.12.002 fatcat:olxyxsujzbgwnb3lmxqxy6ft24

The Impact of Price Disclosure on Dynamic Shopping Decisions

Benedict G. C. Dellaert, Vladislav Y. Golounov, Jaideep Prabhu
2005 Social Science Research Network  
A potentially powerful way to assist consumers in making dynamic shopping decisions is to disclose price information to them before they shop, for example by posting prices on the Internet.  ...  This paper addresses the differential impact of disclosing either only current, or both current and future prices, on consumer shopping decisions in multi-period tasks involving multiple product purchases  ...  Drawing on previous research on the effects of task complexity on consumer decision-making (e.g., Bettman et al., 1993; Swait and Adamowicz 2001a, b) and the behavioral theory of dynamic consumer decisions  ... 
doi:10.2139/ssrn.672083 fatcat:tpvtrgnjbndsjlf6iiv3v2jfn4

The Impact of Price Disclosure on Dynamic Shopping Decisions

Benedict G. C. Dellaert, Vladislav Y. Golounov, Jaideep Prabhu
2005 Marketing letters  
A potentially powerful way to assist consumers in making dynamic shopping decisions is to disclose price information to them before they shop, for example by posting prices on the Internet.  ...  This paper addresses the differential impact of disclosing either only current, or both current and future prices, on consumer shopping decisions in multi-period tasks involving multiple product purchases  ...  Drawing on previous research on the effects of task complexity on consumer decision-making (e.g., Bettman et al., 1993; Swait and Adamowicz 2001a, b) and the behavioral theory of dynamic consumer decisions  ... 
doi:10.1007/s11002-005-0719-8 fatcat:wj6nre6wgjde7nxf2cwqqa7qhy

Anchoring and Loss Aversion in the Housing Market: Implications on Price Dynamics

Tin Cheuk Leung, Kwok Ping Tsang
2011 Social Science Research Network  
In this paper we develop a simple model with anchoring and loss aversion to explain house price dynamics.  ...  The finding is consistent with the strong correlations among house price, price dispersion, and volume found in the data.  ...  By simulating a search model in which sellers differ by their time on the market, Berkovec and Goodman (1996) generate the correlation among demand, turnover and prices over time.  ... 
doi:10.2139/ssrn.1934731 fatcat:xr7lmbvfhjhafbpma72xtevkja

Anchoring and Loss Aversion in the Housing Market: Implications on Price Dynamics

Tin Cheuk Leung, Kwok Ping Tsang
2010 Social Science Research Network  
In this paper we develop a simple model with anchoring and loss aversion to explain house price dynamics.  ...  The finding is consistent with the strong correlations among house price, price dispersion, and volume found in the data.  ...  By simulating a search model in which sellers differ by their time on the market, Berkovec and Goodman (1996) generate the correlation among demand, turnover and prices over time.  ... 
doi:10.2139/ssrn.1716826 fatcat:hikwrcfg2fen5njviglhzpv27m

Testing social theories in computer-mediated communication through gaming and simulation

Avi Noy, Daphne R. Raban, Gilad Ravid
2006 Simulation & Gaming  
These games and simulation served as research tools for testing a variety of social theories aiming to offer some explanations for information behavior in online spaces and its subsequent effect on the  ...  Validating a variety of theories using three different artifacts, while acknowledging their strengths and limitations, shows promise for the continued development of games and simulations as important  ...  and implemented a variation on the well-known production-distribution BEER GAME simulation in an Internet-based environment.  ... 
doi:10.1177/1046878105286184 fatcat:fwuoj3p7jfdd3a6odll4t2iloa

Network modelling and simulation tools

Muhammad Azizur Rahman, Algirdas Pakštas, Frank Zhigang Wang
2009 Simulation modelling practice and theory  
To make this task easy, different users, researchers and companies have developed different network modelling and simulation (MS) tools.  ...  Computer network technologies have been growing explosively and the study in computer networks is being a challenging task.  ...  However rapid advances in simulation technology enable to execute highly interactive and dynamic, parallel simulations/animations on the network technology.  ... 
doi:10.1016/j.simpat.2009.02.005 fatcat:micyepqhpjck3dcylb74juwbqu

An Approach to Hotel Services Dynamic Pricing Based on the Delphi Method and Fuzzy Cognitive Maps [chapter]

Dimitris K. Kardaras, Xenia J. Mamakou, Bill Karakostas, George Gkourakoukis
2013 IFIP Advances in Information and Communication Technology  
E-tourism services open up new opportunities for businesses to expand and when possible to gain completive advantage. Dynamic pricing is an area of interest for both researchers and professionals.  ...  Many research studies have addressed dynamic pricing from different perspectives.  ...  Drawing on the theory of FCM, by multiplying the SV and the FCM, the management can examine the implication on prices and then decide what the most favourable pricing policies can be assumed and followed  ... 
doi:10.1007/978-3-642-41142-7_56 fatcat:fopmqdbluvfdpbh46pp2zcfsaq

Evaluation and comparison of models and modelling tools simulating nitrogen processes in treatment wetlands

Stina Edelfeldt, Peter Fritzson
2008 Simulation modelling practice and theory  
These models were implemented, simulated, and visualized in the Modelica language [5].  ...  One commonly proposed and used solution is to append artificial or constructed wetlands as a final step in the treatment of wastewater.  ...  Note that tools not commonly present on the internet may have been overlooked in this search.  ... 
doi:10.1016/j.simpat.2007.08.010 fatcat:apkx62b37feyvlezlx7ujhq6ue

Internet congestion control

2002 IEEE Control Systems  
We also look at the dynamics of TCP and employ linear models to exhibit stability limitations in the predominant TCP versions, despite certain built-in compensations for delay.  ...  T his article reviews the current transmission control protocol (TCP) congestion control protocols and overviews recent advances that have brought analytical tools to this problem.  ...  Acknowledgments The simulation results are taken from [47] and conducted by Sachin Adlakha and Jiantao Wang.  ... 
doi:10.1109/37.980245 fatcat:54plske6bffd7aseat7pagmr6u

A hierarchical framework for evaluating simulation software

Jalal Nikoukaran, Vlatka Hlupic, Ray J Paul
1999 Simulation Practice and Theory  
Although various simulation software evaluation checklists do exist, there are dierences in the lists provided and the terminologies used.  ...  In simulation software selection problems, packages are evaluated either on their own merits or in comparison with other packages.  ...  Having a homepage and INTERNET discussions, user group meetings, and newsletters are good means of communication between the users and the vendor.  ... 
doi:10.1016/s0928-4869(98)00028-7 fatcat:imsi5gynzzavtjnuvtizdi4ckm

Research on Dynamic Game Model and Application of China's Imported Soybean Price in the Context of China-US Economic and Trade Friction

Yi Wang, Hui Wang, Shubing Guo
2019 Complexity  
The influence of price adjustment speed on equilibrium price is analyzed.  ...  The numerical simulation of price adjustment speed is carried out, which is compared with the actual situation of imported soybean price before and after the trade friction.  ...  Acknowledgments is work was supported by the National Natural Science Foundation of China (no. 11601270). is work was also supported by the Philosophy and Social Science Program of Jinan (no.  ... 
doi:10.1155/2019/6048186 fatcat:3vaqaadzfbfmrcqez4gloy3qkm

Internet 4: Congestion control

2008 2008 5th International Conference on Broadband Communications, Networks and Systems  
We also look at the dynamics of TCP and employ linear models to exhibit stability limitations in the predominant TCP versions, despite certain built-in compensations for delay.  ...  T his article reviews the current transmission control protocol (TCP) congestion control protocols and overviews recent advances that have brought analytical tools to this problem.  ...  Acknowledgments The simulation results are taken from [47] and conducted by Sachin Adlakha and Jiantao Wang.  ... 
doi:10.1109/broadnets.2008.4769142 fatcat:uakvvk6o2za5jlh7gw473trghm

Distributed simulation of DEVS and Cell-DEVS models using the RISE middleware

Khaldoon Al-Zoubi, Gabriel Wainer
2015 Simulation modelling practice and theory  
To enhance simulation interoperability on the Web, we implemented the RISE (RESTful Interoperability Simulation Environment) middleware, the first existing simulation middleware to be based on RESTful  ...  One of such services is called Distributed CD++ (DCD++) simulation system, an extension of the CD++ core engine that allows executing DEVS and Cell-DEVS models.  ...  This is because distributed simulation is usually performed on the Internet between different partitions over wide geographical area.  ... 
doi:10.1016/j.simpat.2015.03.010 fatcat:jn75nfcyjvarhmrgddjcnzbqeq
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