TWO-PART TARIFFS AND MULTISTAGE PROGRAMMING

TWO-PART TARIFFS AND MULTISTAGE PROGRAMMING

This article demonstrates the relationship between the utility function's parameters which represent consumer's taste and the reservation price. We describe the changes in the reservation price analytically and supplement the geometrical illustrations by economic interpretations. We formul...

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Bibliographic Details
Main Authors: Ilko Vrankić, Zrinka Lukač, Mira Oraić
Format: Article
Language:English
Published: Croatian Operational Research Society 2011-02-01
Series:Croatian Operational Research Review
Subjects:
two-part tariff
reservation price
price of a capital good
service price
homogeneous and heterogeneous consumers
two-stage programming
Online Access:http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=142222
id doaj-62aaa983611d4e4793dfb4eedada6b2d
record_format Article
spelling doaj-62aaa983611d4e4793dfb4eedada6b2d2020-11-24T20:58:36ZengCroatian Operational Research SocietyCroatian Operational Research Review1848-02251848-99312011-02-0121232242TWO-PART TARIFFS AND MULTISTAGE PROGRAMMINGIlko Vrankić0Zrinka Lukač1Mira Oraić2Faculty of Economics Zagreb, University of Zagreb, Zagreb, CroatiaFaculty of Economics Zagreb, University of Zagreb, Zagreb, CroatiaFaculty of Economics Zagreb, University of Zagreb, Zagreb, CroatiaThis article demonstrates the relationship between the utility function's parameters which represent consumer's taste and the reservation price. We describe the changes in the reservation price analytically and supplement the geometrical illustrations by economic interpretations. We formulate the monopolist’s problem of setting the price of a capital good and the price of a service that the capital good provides as the two stage programming problem and illustrate the influence of consumers’ preferences and their income on the service market client structure and monopolist’s decisions on couple of illustrative examples.http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=142222two-part tariffreservation priceprice of a capital goodservice pricehomogeneous and heterogeneous consumerstwo-stage programming
collection DOAJ
language English
format Article
sources DOAJ
author Ilko Vrankić
Zrinka Lukač
Mira Oraić
spellingShingle Ilko Vrankić
Zrinka Lukač
Mira Oraić
TWO-PART TARIFFS AND MULTISTAGE PROGRAMMING
Croatian Operational Research Review
two-part tariff
reservation price
price of a capital good
service price
homogeneous and heterogeneous consumers
two-stage programming
author_facet Ilko Vrankić
Zrinka Lukač
Mira Oraić
author_sort Ilko Vrankić
title TWO-PART TARIFFS AND MULTISTAGE PROGRAMMING
title_short TWO-PART TARIFFS AND MULTISTAGE PROGRAMMING
title_full TWO-PART TARIFFS AND MULTISTAGE PROGRAMMING
title_fullStr TWO-PART TARIFFS AND MULTISTAGE PROGRAMMING
title_full_unstemmed TWO-PART TARIFFS AND MULTISTAGE PROGRAMMING
title_sort two-part tariffs and multistage programming
publisher Croatian Operational Research Society
series Croatian Operational Research Review
issn 1848-0225
1848-9931
publishDate 2011-02-01
description This article demonstrates the relationship between the utility function's parameters which represent consumer's taste and the reservation price. We describe the changes in the reservation price analytically and supplement the geometrical illustrations by economic interpretations. We formulate the monopolist’s problem of setting the price of a capital good and the price of a service that the capital good provides as the two stage programming problem and illustrate the influence of consumers’ preferences and their income on the service market client structure and monopolist’s decisions on couple of illustrative examples.
topic two-part tariff
reservation price
price of a capital good
service price
homogeneous and heterogeneous consumers
two-stage programming
url http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=142222
work_keys_str_mv AT ilkovrankic twoparttariffsandmultistageprogramming
AT zrinkalukac twoparttariffsandmultistageprogramming
AT miraoraic twoparttariffsandmultistageprogramming
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