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In 2000, Amazon, the large e-commerce vendor, apparently engaged in dynamic pricing, where the price it charges its customers today depends on these customers' actions in the recent past-including what they bought, how much they paid, and whether they paid for high-speed shipping-and personal data such as where they live. One customer reported that he had bought Julie Taylor's Titus for $24.49. The next week, he returned to Amazon and saw that the price had jumped to $26.24. As an experiment, he removed the cookie that identified him, and found that the price dropped to $22.74. Other DVDTalk .com visitors reported that regular Amazon customers were charged 3% to 5% more than new customers. Amazon announced that its pricing variations stopped as soon as it started receiving complaints from DVDTalk members. However, Amazon may have resumed this practice in 2007. (David Streitfeld, "Amazon Pays a Price for Marketing Test," Los Angeles Times, October 2, 2000:C1; David Streitfeld, "Amazon Mystery: Pricing of Books," Los Angeles Times, January 2, 2007.) What type of price discrimination is this dynamic pricing?
Design a simple econometric research project
Multiplicative decomposition method
The Australian government administers two programs that affect the market for cigarettes.
Solve the forecast model
What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).
Explain why this model violates the assumption of no perfect collinearity. Write the t statistic for testing the null hypothesis
What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type
Determine when a competitively produced product generates negative externalities in production, the industry will,
Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.
M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.
Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:
Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.
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