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Psychological Heterogeneity in a Queue:The Impact of Loss Aversion on Service Pricing
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作者 JIANG Tao GAO Li +1 位作者 CHAI Xudong BU Qihui 《Journal of Systems Science & Complexity》 SCIE EI CSCD 2023年第6期2536-2558,共23页
The authors consider an M/M/1 queue with two types of customers,where customers are classified into two categories according to their psychological feelings when facing uncertainty about queue information.In the unobs... The authors consider an M/M/1 queue with two types of customers,where customers are classified into two categories according to their psychological feelings when facing uncertainty about queue information.In the unobservable queue,experienced customers could accurately calculate their expected utilities,while first-time customers are loss-averse and the psychological feelings could incur additional gain-loss utilities.By defining customers'willingness to pay,the authors derive the equilibrium joining-balking behaviors for each type of customer and obtain the service provider's optimal pricing decision.The authors also classify the implications of the obtained results. 展开更多
关键词 Loss aversion psychological heterogeneity queueing behavior service pricing
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Research on the measurement of the price change of telecom services in China
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作者 ZHAO Hui-juan 《The Journal of China Universities of Posts and Telecommunications》 EI CSCD 2006年第3期110-113,共4页
It is difficult to measure the total change of the telecom service price (TSP) in China due to the complexity of TSP and the diversity of telecom service. This article analyzes the relation between telecom service r... It is difficult to measure the total change of the telecom service price (TSP) in China due to the complexity of TSP and the diversity of telecom service. This article analyzes the relation between telecom service revenue and traffic volumes of telecom service and deduces the method of measuring the total change in tendency of telecom price, which is based on the consumer's actual payment for telecom services. After describing the changing trend of TSP with the time series data from 1949 to 2000, the TSP showed a continuous declining tendency during 1949~1975. In contrast, the TSP showed a rising tendency from 1976 to 1991 and a sharp declining trend after 1992. Empirical tests and actual background of telecom reform support the results. 展开更多
关键词 PRICE telecom service price revenue traffic volumes of telecom service
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Cheaper Prices Or Better Services?
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作者 DING WENLEI 《Beijing Review》 2009年第37期28-29,共2页
China’s e-commerce platform operators start to reconsider what their customers really need The financial crisis inadvertently provided a boon to e-commerce development in China.
关键词 Cheaper Prices Or Better services
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Impacts of COVID-19 Pandemic on Italian Electricity Demand and Markets
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作者 Mahmood Hosseini Imani Ettore Bompard +1 位作者 Pietro Colella Tao Huang 《CSEE Journal of Power and Energy Systems》 SCIE EI CSCD 2023年第2期824-827,共4页
In this paper,the short-,medium-,and long-term effects of the COVID-19 pandemic on the Italian power system,particularly electricity consumption behavior and electricity market prices,are investigated by defining vari... In this paper,the short-,medium-,and long-term effects of the COVID-19 pandemic on the Italian power system,particularly electricity consumption behavior and electricity market prices,are investigated by defining various metrics.The investigation reveals that COVID-19 lockdown caused a drop in load consumption and,consequently,a decrement in day-ahead market prices and an increase in ancillary service prices. 展开更多
关键词 Ancillary service market price COVID-19 day-ahead market price Italian electricity markets load consumption
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