TY - BOOK AU - Marburger,Daniel R. TI - Innovative pricing strategies to increase profits T2 - Economics collection, SN - 9781631573705 AV - HF5416.5 .M275 2015 U1 - 658.816 23 PY - 2015/// CY - New York, New York (222 East 46th Street, New York, NY 10017) PB - Business Expert Press KW - Pricing KW - Open price system KW - Internet auctions KW - Bundling KW - common value auction KW - consumer surplus KW - Dutch auction KW - dynamic pricing KW - e-commerce KW - English auction KW - first-price sealed bid auction KW - online auctions KW - peak-load pricing KW - price discrimination KW - price elasticity KW - price penetration KW - price skimming KW - pricing KW - private value auction KW - quality choices KW - quantity discounts KW - reference price KW - Robinson- Patman Act KW - second-price sealed bid auction KW - surge pricing KW - two-part tariffs KW - tying KW - winner's curse N1 - Includes bibliographical references (pages 137-144) and index; Part I. If you could choose any price, what would it be? Fundamentals for the single price firm -- 1. Economics and the business manager -- 2. Consumer behavior: the law of demand and its effect on pricing -- 3. Understanding the price sensitivity of buyers -- 4. One perfect price: profit maximization for the single price firm -- Part II. Different strokes for different folks: charging more than one price for the same good -- 5. If you could read my mind: first-degree price discrimination strategies -- 6. Allowing buyers to self-select by willingness to pay: second-degree price discrimination strategies -- 7. Segmenting your market based on willingness to pay: third-degree price discrimination strategies -- Part III. How does my e-tailer know that I read comic books and cook with a wok? Pricing in the digital age -- 8. Dynamic pricing and e-commerce -- 9. Legal and ethical issues -- Table of strategies -- Appendix. Relevant published case studies -- Notes -- References -- Index; Access restricted to authorized users and institutions; Also available in print N2 - The practice of setting a single price that all buyers pay is slowly becoming a thing of the past. Today's marketplace requires firms to develop innovative pricing strategies to remain competitive. Is it better to bundle goods or price them separately? What type of online auction will generate the most revenue? The purpose of this book is to use microeconomic theory to determine which pricing strategies will succeed, and under what conditions UR - http://site.ebrary.com/lib/daystar/Doc?id=11129158 ER -