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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| Format: | Article |
| Language: | English |
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Croatian Operational Research Society
2011-02-01
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| Series: | Croatian Operational Research Review |
| Subjects: | |
| Online Access: | http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=142222 |
| _version_ | 1818951355292712960 |
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| author | Ilko Vrankić Zrinka Lukač Mira Oraić |
| author_facet | Ilko Vrankić Zrinka Lukač Mira Oraić |
| author_sort | Ilko Vrankić |
| collection | DOAJ |
| 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. |
| first_indexed | 2024-12-20T09:33:10Z |
| format | Article |
| id | doaj.art-62aaa983611d4e4793dfb4eedada6b2d |
| institution | Directory Open Access Journal |
| issn | 1848-0225 1848-9931 |
| language | English |
| last_indexed | 2024-12-20T09:33:10Z |
| publishDate | 2011-02-01 |
| publisher | Croatian Operational Research Society |
| record_format | Article |
| series | Croatian Operational Research Review |
| spelling | doaj.art-62aaa983611d4e4793dfb4eedada6b2d2022-12-21T19:45:03ZengCroatian 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 |
| 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 |
| title | 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_short | TWO-PART TARIFFS AND MULTISTAGE PROGRAMMING |
| title_sort | two part tariffs and multistage programming |
| 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 |