OnDemand WTP Pricing Research

Tag: Econometrics

Light touch guidelines to control surge | Deccan Chronicle

Light touch guidelines to control surge | Deccan Chronicle

Pricing is one of the most debated topics vis-à-vis taxi aggregators. Surge pricing is basic market economics, which is related to demand and supply. Surge is applicable on everything, starting from the food grains we eat to the trains/airlines we use for travel. However, since their pricing doesn’t mention the word “surge”, it is deemed […]

Pricing News Daily > 1/29/15

Pricing News Daily > 1/29/15

Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is Sponsored by: Strategic Pricing Associates SPA is the leading provider of pricing analytics to 100′s of complex companies of all types: manufacturing, distribution, equipment, […]

The New Keynesian case for anti-inflation price controls | Worthwhile Canadian Initiative

The New Keynesian case for anti-inflation price controls | Worthwhile Canadian Initiative

Take a very standard New Keynesian macroeconomic model. The two key ingredients (the only ones that matter for this post) are: monopolistically competitive firms; the Calvo Phillips Curve. In that model, if there are no macroeconomic shocks, the equilibrium level of output and employment is below the efficient level of output and employment. Because it […]

Pricing News Daily > 7/16/14

Pricing News Daily > 7/16/14

Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is Sponsored by: Asia Pricing Professionals Asia Pricing Professionals (APP) is a not-for-profit community of pricing management practitioners. Our key objective is to raise […]

Pricer’s Points | July 2014

Pricer’s Points | July 2014

The “Pricer’s Points” blog series provides a forum for pricing professionals to share their insights and experience. Our guest bloggers share their knowledge about specific product or industry challenges, geographic complexities, strategies, tactics, and technologies. This Edition is Sponsored by: Value Innoruption Advisors Founded by Dr. Stephan Liozu, Value Innoruption Advisors provides training and consulting resources […]

The Case for Logarithms | Joe Brillantes

The Case for Logarithms | Joe Brillantes

The graphs below present the same data. The difference is the axis for quantity of the bottom graph is in natural logarithmic scale. Transforming data to their logarithms most often decreases variability, enables visualization, and linearizes the relationship between two variables. In the top graph, there seems to be three “outliers”, but when the quantity […]