Responsive Pricing

Pascal Courty () and Mario Pagliero

No 315, 2006 Meeting Papers from Society for Economic Dynamics

Abstract: We study the eciency property of responsive pricing, a scheme that proposes to increase prices as a function of the level of capacity utilization in environments where traditional allocation schemes (e.g. competitive markets, auctions) cannot be implemented in practice. We show that although responsive pricing implements allocations that are arbitrarily close to full capacity utilization (no wasted capacity and no excess demand), these allocations are not always ecient. We identify conditions under which eciency occurs and discuss implications for the use of responsive pricing

Keywords: Responsive pricing; congestion pricing (search for similar items in EconPapers)
JEL-codes: D60 R48 (search for similar items in EconPapers)
Date: Written

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Responsive Pricing (2003)
Journal Article: Responsive pricing (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:red:sed006:315

Access Statistics for this paper

More papers in 2006 Meeting Papers from Society for Economic Dynamics
Address: Society for Economic Dynamics Anne Stubing CV Starr Center for Applied Economics 269 Mercer Street, Room 303 New York University New York, NY 10003
Contact information at EDIRC.
Series data maintained by Christian Zimmermann ().