期刊名称:International Journal for Research in Vocational Education and Training (IJRVET)
印刷版ISSN:2197-8646
出版年度:2012
卷号:4
期号:1
出版社:European Research Network in Vocational Education and Training (VETNET), European Educational Research Association
摘要:We consider fixed and asking price strategies in the context of selling an asset with Bernoullian updating of the seller’s subjective probability of sale at a given price. The determination of optimal fixed, asking and endogenous reservation prices is discussed under risk-neutrality and expected utility maximisation. With risk-neutrality, the optimal asking price exceeds the optimal fixed price when the expected gain is a strictly concave function. The seller’s choice between the fixed and the asking price strategies depends on several factors: the expected cost of haggling, price competition and the seller’s attitude towards risk.