Chapter
Apr 26, 2012
Optimal Pricing Model for Monopoly Third Party Logistics Enterprises under Information Asymmetry
Publication: International Conference on Transportation Engineering 2009
Abstract
In actual economic life, information required is asymmetric between the third party logistics enterprises and demanders. It is difficult for the third party logistic enterprises to understand willingness-to-pay of each potential demander. To avoid arbitrary pricing for logistics services, the third party logistics enterprises can use information-discriminating principle and mechanism design principle to design an optimal consumption combination sequence, so as to demonstrate the actual demand pattern of logistics demanders, maximizing customer utility and profits of logistics enterprises. This paper discusses about determination of nonlinear optimal pricing in monopoly market where logistics demanders having high-demand or low-demand exist, so as to give references to pricing standard for logistics enterprises.
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© 2009 American Society of Civil Engineers.
History
Published online: Apr 26, 2012
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ASCE Technical Topics:
- Arbitration
- Asymmetry
- Business management
- Client relationships
- Contracts and subcontracts
- Dispute resolution
- Economic factors
- Engineering fundamentals
- Financial management
- Freight transportation
- Infrastructure
- Legal affairs
- Lifeline systems
- Logistics
- Mathematics
- Practice and Profession
- Pricing
- Profits
- Symmetry
- Transportation engineering
- Utilities
Authors
Affiliations
College of Logistics, South West Jiaotong University, Chengdu. E-mail: [email protected]
College of Logistics, South West Jiaotong University, Chengdu. E-mail: [email protected]
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ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.