Hotel room rate pricing strategy for market share in oligopolistic competition — eight-year longitudinal study of super deluxe hotels in Seoul

2000 ◽  
Vol 21 (2) ◽  
pp. 135-145 ◽  
Author(s):  
Kyoo Yup Chung
Keyword(s):  
Longitudinal Study ◽  
Market Share ◽  
Pricing Strategy ◽  
Oligopolistic Competition ◽  
Hotel Room

scholarly journals The Pricing Strategy of Oligopolistic Competition Food Firms with the Asymmetric Information and Scientific Uncertainty

2017 ◽  
Vol 2017 ◽  
pp. 1-14
Author(s):  
Li Zhao ◽  
Changwei Wang ◽  
Xiaohui Peng ◽  
Bin Liu ◽  
David Ahlstrom
Keyword(s):  
Asymmetric Information ◽  
Pricing Strategy ◽  
Scientific Uncertainty ◽  
Pricing Strategies ◽  
Oligopolistic Competition ◽  
Market Mechanisms ◽  
Sensitive Parameter ◽  
Gm Food ◽  
Two Factors ◽  
Theoretical Results

The arguments for and against genetically modified (GM) food focus on the characteristics of the scientific uncertainty and asymmetric information for the GM food. How do these two factors affect the competition and pricing strategy of food firms that separate GM food and conventional food conforming to consumer’s right to know? We explore the issue of pricing strategies between two firms producing horizontally and vertically differentiated foods in the context of asymmetric information and scientific uncertainty. The theoretical results show that there are two separating perfect Bayesian equilibria in which the prices of the conventional food and GM food are strategic complements and the profits of two types of firms are both increasing in the price of GM food. The numerical example shows that a decrease of the expected potential net damage as the most sensitive parameter leads to an increase of the profits of the two firms. Additionally, an increase in product differentiation helps to increase the two firms’ profits. Finally, the decrease in risk aversion as the second sensitive parameter helps to increase both products’ prices and quantities and both firms’ profits. This paper contributes by combining food safety regulation with market mechanisms and competition.

scholarly journals Pricing Strategy for New Products with Presales

2019 ◽  
Vol 2019 ◽  
pp. 1-13 ◽  
Author(s):  
Shuai Feng ◽  
Xiaojian Hu ◽  
Aifeng Yang ◽  
Jiqiong Liu
Keyword(s):  
Market Share ◽  
New Products ◽  
Pricing Strategy ◽  
Sense Of Security ◽  
Willingness To Buy ◽  
Number Of Firms

An increasing number of firms and retailers use presale strategies to induce customers to purchase before new products enter the market to increase their market share. Presales have gradually become a hot issue in business and academic circles. Based on a skimming pricing strategy and a penetration pricing strategy, this paper uses the different choice behaviors of two types of consumers to investigate the pricing strategy of preselling new products. The results show that if the proportion of fashion consumers is relatively low and their willingness to buy in the spot channel is below the threshold, the retailer should focus on traditional consumers by using a skimming pricing strategy; otherwise, the retailer should switch to a penetration pricing strategy. Moreover, we find that to gain more profits, the retailer should introduce a presale channel using either a penetration pricing or skimming pricing strategy. The introduction of a presale channel may not only reduce inventory risk and cost and enhance the market share and profitability of the enterprise but also help consumers avoid the risk of shortage and enhance their sense of security.

scholarly journals A Study on High-Speed Rail Pricing Strategy in the Context of Modes Competition

2013 ◽  
Vol 2013 ◽  
pp. 1-6 ◽  
Author(s):  
Enjian Yao ◽  
Qirong Yang ◽  
Yongsheng Zhang ◽  
Xun Sun
Keyword(s):  
Theoretical Analysis ◽  
Market Share ◽  
High Speed ◽  
Stated Preference ◽  
Choice Models ◽  
Pricing Strategy ◽  
High Speed Rail ◽  
Nested Structure ◽  
Transport Modes ◽  
Occupancy Rates

High-speed rail (HSR) has developed rapidly in China over the recent years, for the less pollution, faster speed, comfort, and safety. However, there is still an issue on how to improve the seat occupancy rates for some HSR lines. This research analyzes the pricing strategy for HSR in Wuhan-Guangzhou corridor based on the competition among different transport modes with the aim of improving occupancy rates. It starts with the theoretical analysis of relationship between market share and ticket fare, and then disaggregate choice models with nested structure based on stated preference (SP) data are established to obtain the market share of HSR under specific ticket fare. Finally, a pricing strategy is proposed to improve the occupancy rates for Wuhan-Guangzhou HSR. The results confirm that a pricing strategy with floating fare should be accepted to improve the profit of HSR; to be specific, the ticket fare should be set in lower level on weekdays and higher level on holidays.

Spatial Competition Amongst Hierarchically Organized Corporations: Prices, Profits, and Shipment Patterns

1996 ◽  
Vol 28 (2) ◽  
pp. 199-222 ◽  
Author(s):  
P Plummer
Keyword(s):  
Market Share ◽  
Spatial Competition ◽  
Spatial Scales ◽  
Transportation Network ◽  
Profit Maximization ◽  
Oligopolistic Competition ◽  
Qualitative Properties ◽  
Urban Market ◽  
Corporate Objective ◽  
Costs Of Production

In recent years, there have been computational and theoretical advances in the analysis both of the equilibrium and of the disequilibrium properties of pricing models in which spatial markets are dominated by autonomous firms engaged in oligopolistic competition. In this paper I develop an approach to the modeling of spatial pricing that transcends the unrealistic institutional simplification that firms are autonomous and independent of corporate organizational structures. Specifically, I hypothesize that competition between corporations takes place at two spatial scales. At the intraurban scale, corporations compete for market share through their franchise sites, where market share is contingent upon the nature and degree of competition between franchises, the spatial structure of the urban market, and the costs of production to the franchise. At the intraurban scale, competition is defined in terms of the strategies of the individual corporations as they adjust their delivered prices to urban markets in response to changes in their costs of production and distribution, the interurban transportation network, and the achieved market share in each urban market. I demonstrate that, for a general corporate objective, there exists at least one spatial price equilibrium and that the stability conditions of this model are identical for two price-setting scenarios: a partial adjustment model and a Bertrand game. For the specific corporate objective of total-profit maximization, I examine the qualitative properties of the hierarchical model.

School Achievement and Adult Qualifications among Adoptees: A Longitudinal Study

1998 ◽  
Vol 39 (5) ◽  
pp. 669-685 ◽  
Author(s):  
Barbara Maughan ◽  
Stephan Collishaw ◽  
Andrew Pickles
Keyword(s):  
Longitudinal Study ◽  
School Achievement

A Longitudinal Posthumous Study of Letter Writing in a Late Elderly Case

2015 ◽  
Vol 20 (1) ◽  
pp. 22-33
Author(s):  
Angel Ball ◽  
Jean Neils-Strunjas ◽  
Kate Krival
Keyword(s):  
Longitudinal Study ◽  
Elderly Woman ◽  
Semantic Content ◽  
Cognitive Status ◽  
Letter Writing ◽  
Linguistic Performance ◽  
Errors Analysis ◽  
Normal Status

This study is a posthumous longitudinal study of consecutive letters written by an elderly woman from age 89 to 93. Findings reveal a consistent linguistic performance during the first 3 years, supporting “normal” status for late elderly writing. She produced clearly written cursive form, intact semantic content, and minimal spelling and stroke errors. A decline in writing was observed in the last 6–9 months of the study and an analysis revealed production of clausal fragmentation, decreasing semantic clarity, and a higher frequency of spelling, semantic, and stroke errors. Analysis of writing samples can be a valuable tool in documenting a change in cognitive status differentiated from normal late aging.

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