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Limit price

About: Limit price is a research topic. Over the lifetime, 4865 publications have been published within this topic receiving 148546 citations.


Papers
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Journal ArticleDOI
TL;DR: In this paper, the authors investigated agricultural price transmission during price bubbles and the trade policy intervention put forward to mitigate the impact of price exuberance is considered, concluding that the bubble had only a slight impact on the price spread and the temporary trade-policy measure, when effective, has limited this impact.

73 citations

Journal ArticleDOI
TL;DR: The direct pricing strategy, i.e. the international reference pricing, was considered to be the most successful method in Norway after its accession to the European Economic Area (1994-2004), and due to the unpredictability of the market situation, the resulting effects of the indirect methods were more limited.

73 citations

Journal ArticleDOI
TL;DR: In this article, the authors examine the evidence for nonlinear price behavior in retail goods prices across U.S. cities and find that price discrepancies between U. S. cities are stationary and nonlinearly mean-reverting to price parity.
Abstract: This paper examines the evidence for nonlinear price behavior in retail goods prices across U.S. cities. First, a simple continuous-time model is used to explore the types of price behavior that can arise in the presence of market frictions. These frictions could be interpreted as transport costs, but we prefer a broader interpretation in which the frictions operate at the level of technology and preferences. Second, we gather price data from 24 U.S. cities on individual goods like orange juice and toothpaste. The empirical analysis reveals that price discrepancies between U.S. cities are stationary and nonlinearly mean-reverting to price parity.

73 citations

Patent
05 Sep 2007
TL;DR: In this paper, a system and method for simultaneous price optimization and asset allocation to maximize manufacturing profits is presented. But the authors focus on a single item and do not consider a set of price points and expected demand values for each price point.
Abstract: Systems and methods in accordance with various embodiments of the present invention provide for a system and method for simultaneous price optimization and asset allocation to maximize manufacturing profits. In one embodiment, a set of price points for the item and a set of expected demand values for each price point are determined. A supply-side constraint which models inventory, replenishment, and capacities associated with replenishment and a joining constraint, which requires that the set of expected demand values be equal to a planned supply of the item, are determined. A demand-side constraint is determined. Further, an objective function to maximize profits is determined, based on the set of price points, the set of expected demand values, and subject to the supply-side, joining, and demand-side constraints. Based on the objective function, an optimal price profile for the item is provided.

73 citations

Journal ArticleDOI
TL;DR: In this article, the sensitivity of the optimal price path of a new durable product to the price expectations of consumers is examined, and it is shown that the price path is cyclical with the following properties: at the beginning of the cycle, the price is at its highest level; it falls monotonically over time reaching a low price at the end of a cycle equal to the reservation price of the consumers willing to pay less.
Abstract: In this paper the sensitivity of the optimal price path of a new durable product to the price expectations of consumers is examined. Consumers enter the market every period in a diffusion type framework. During the initial periods more consumers enter the market due to word of mouth influence, but in the latter periods saturation effects set in. The entering set of cohorts form expectations about future prices; and in a stable equilibrium, these expectations are fulfilled. It is shown that the price path is cyclical with the following properties: at the beginning of the cycle, the price is at its highest level; it falls monotonically over time reaching a low price at the end of the cycle equal to the reservation price of the consumers willing to pay less; the cycle lengths are not equal. The sensitivity of the optimal price path to model parameters is explored through a numerical procedure.

73 citations


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Performance
Metrics
No. of papers in the topic in previous years
YearPapers
20238
202215
20217
202013
201922
201837