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Electric utilities --- Rates --- Peak-load pricing --- Peak-load pricing.
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Electric utilities --- Rates --- Peak-load pricing
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This examination of customer responsiveness to peak-load, or time-of-use (TOU), electricity tariffs focuses on responses by individual industrial customers in England and Wales and relies on in-person interviews with representatives of firms. The design of peak-load tariffs depends on the projected extent of customer response, and if peak demands are reduced by TOU pricing, then less aggregate generating and transmission capacity will be needed to meet the load, operating costs will be reduced, and savings to both the customers and the utility system will result. The British experience is suggestive of one pattern of long-run adjustment to TOU pricing. The report examines the likelihood of a similar pattern of response in the United States and other advanced countries.
Electric utilities --- Rates --- Peak-load pricing
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The practice of setting a single price that all buyers pay is slowly becoming a thing of the past. Today's marketplace requires firms to develop innovative pricing strategies to remain competitive. Is it better to bundle goods or price them separately? What type of online auction will generate the most revenue? The purpose of this book is to use microeconomic theory to determine which pricing strategies will succeed, and under what conditions.
Pricing. --- Open price system. --- Internet auctions. --- Price discrimination --- bundling --- price skimming --- price penetration --- online auctions --- English auction --- Dutch auction --- first-price sealed bid auction --- second-price sealed bid auction --- price elasticity --- consumer surplus --- two-part tariffs --- quantity discounts --- quality choices --- tying --- peak-load pricing --- dynamic pricing --- e-commerce --- pricing --- Robinson-Patman Act --- winner's curse --- reference price --- private value auction --- common value auction
Choose an application
The practice of setting a single price that all buyers pay is slowly becoming a thing of the past. Today's marketplace requires firms to develop innovative pricing strategies to remain competitive. Is it better to bundle goods or price them separately? What type of online auction will generate the most revenue? The purpose of this book is to use microeconomic theory to determine which pricing strategies will succeed, and under what conditions.
Pricing. --- Open price system. --- Internet auctions. --- Bundling --- common value auction --- consumer surplus --- Dutch auction --- dynamic pricing --- e-commerce --- English auction --- first-price sealed bid auction --- online auctions --- peak-load pricing --- price discrimination --- price elasticity --- price penetration --- price skimming --- pricing --- private value auction --- quality choices --- quantity discounts --- reference price --- Robinson- Patman Act --- second-price sealed bid auction --- surge pricing --- two-part tariffs --- tying --- winner's curse
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