Optimal dynamic pricing with inventories

Authors
Das Varma, G Vettas, N
Citation
G. Das Varma et N. Vettas, Optimal dynamic pricing with inventories, ECON LETT, 72(3), 2001, pp. 335-340
Citations number
3
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
72
Issue
3
Year of publication
2001
Pages
335 - 340
Database
ISI
SICI code
0165-1765(200109)72:3<335:ODPWI>2.0.ZU;2-G
Abstract
We characterize optimal dynamic pricing by a monopolist with a finite stock of goods to sell. We show that the monopolist finds it optimal to charge a price that increases monotonically as his stock depletes. (C) 2001 Elsevie r Science B.V. All rights reserved.