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Online Pricing

In: Pricing, Online Marketing Behavior, and Analytics

Author

Listed:
  • Giampaolo Viglia

    (University of Eastern Piedmont)

Abstract

This chapter is fully devoted to pricing. After explaining the many price models available for online marketing, the author discusses the general area of dynamic pricing. The issue of fairness to consumers is explored with real cases and applications from different industries. Next is an explanation of reference price, the standard against which consumers evaluate a price. Stemming from a behavioral approach, this section of the chapter investigates how people form price expectations. The objective is also to study the evolution of reference prices from a firm’s perspective. Finally, there is an analysis on how to elicit reference prices from laboratory and field experiments, paying attention to internal and external validity.

Suggested Citation

  • Giampaolo Viglia, 2014. "Online Pricing," Palgrave Macmillan Books, in: Pricing, Online Marketing Behavior, and Analytics, chapter 4, pages 48-67, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-41326-0_5
    DOI: 10.1057/9781137413260_5
    as

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