Questions tagged [revenue]

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If $F$ is MHR (log-concave), can the monopoly reserve price exceed the mean?

Let $V\sim F$ be some positive valued random variable such that $F$ has a monotone hazard rate (alternatively $F$ is log-concave). Let $p = \operatorname{argmax}q(1-F(q))$. We call $p$ the monopoly ...
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dynamic pricing considering competitor's price

Let's say an online-only retailer (specialized market/without own brand) trying to play with the price of the product. If only matching amazon's price, it might end up not making much profit, since ...