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pricing</title> <meta name="description" content="Search results for: hedonic pricing"> <meta name="keywords" content="hedonic pricing"> <meta name="viewport" content="width=device-width, initial-scale=1, minimum-scale=1, maximum-scale=1, user-scalable=no"> <meta charset="utf-8"> <link href="https://cdn.waset.org/favicon.ico" type="image/x-icon" rel="shortcut icon"> <link href="https://cdn.waset.org/static/plugins/bootstrap-4.2.1/css/bootstrap.min.css" rel="stylesheet"> <link href="https://cdn.waset.org/static/plugins/fontawesome/css/all.min.css" rel="stylesheet"> <link href="https://cdn.waset.org/static/css/site.css?v=150220211555" rel="stylesheet"> </head> <body> <header> <div class="container"> <nav class="navbar navbar-expand-lg navbar-light"> <a class="navbar-brand" href="https://waset.org"> <img src="https://cdn.waset.org/static/images/wasetc.png" alt="Open Science Research Excellence" title="Open Science Research Excellence" /> </a> <button class="d-block d-lg-none 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action="https://publications.waset.org/abstracts/search"> <div id="custom-search-input"> <div class="input-group"> <i class="fas fa-search"></i> <input type="text" class="search-query" name="q" placeholder="Author, Title, Abstract, Keywords" value="hedonic pricing"> <input type="submit" class="btn_search" value="Search"> </div> </div> </form> </div> </div> <div class="row mt-3"> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Commenced</strong> in January 2007</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Frequency:</strong> Monthly</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Edition:</strong> International</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Paper Count:</strong> 335</div> </div> </div> </div> <h1 class="mt-3 mb-3 text-center" style="font-size:1.6rem;">Search results for: hedonic pricing</h1> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">335</span> Supersized Pricing and Anticipated Consumption Guilt: The Moderating Role of Product Type and Health Claims</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Asim%20Shabir">Asim Shabir</a>, <a href="https://publications.waset.org/abstracts/search?q=Ruqia%20Shaikh"> Ruqia Shaikh</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Supersized pricing is an effective strategy often used by marketers to make consumers buy more. However, such a strategy also results in more purchases and consumption, especially of hedonic food products. This study brings interesting insights about supersized pricing as it provides value-based justification to consumers; as a result, the guilt associated with the purchase and consumption of hedonic products diminishes, which mediates the impact between supersized pricing and size choice. Interestingly, there is a three-way interaction between pricing, product type, and health goal prime. Health prime diminishes the impact of supersized pricing in the case of more hedonic products (unhealthy) compared to less hedonic (perceived as healthy) products. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=supersized%20pricing" title="supersized pricing">supersized pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=anticipated%20consumption%20guilt" title=" anticipated consumption guilt"> anticipated consumption guilt</a>, <a href="https://publications.waset.org/abstracts/search?q=health%20claim" title=" health claim"> health claim</a>, <a href="https://publications.waset.org/abstracts/search?q=product%20type" title=" product type"> product type</a> </p> <a href="https://publications.waset.org/abstracts/169085/supersized-pricing-and-anticipated-consumption-guilt-the-moderating-role-of-product-type-and-health-claims" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/169085.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">108</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">334</span> Valuation of Cultural Heritage: A Hedonic Pricing Analysis of Housing via GIS-based Data</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Dai-Ling%20Li">Dai-Ling Li</a>, <a href="https://publications.waset.org/abstracts/search?q=Jung-Fa%20Cheng"> Jung-Fa Cheng</a>, <a href="https://publications.waset.org/abstracts/search?q=Min-Lang%20Huang"> Min-Lang Huang</a>, <a href="https://publications.waset.org/abstracts/search?q=Yun-Yao%20Chi"> Yun-Yao Chi</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The hedonic pricing model has been popularly applied to describe the economic value of environmental amenities in urban housing, but the results for cultural heritage variables remain relatively ambiguous. In this paper, integrated variables extending by GIS-based data and an existing typology of communities used to examine how cultural heritage and environmental amenities and disamenities affect housing prices across urban communities in Tainan, Taiwan. The developed models suggest that, although a sophisticated variable for central services is selected, the centrality of location is not fully controlled in the price models and thus picked up by correlated peripheral and central amenities such as cultural heritage, open space or parks. Analysis of these correlations permits us to qualify results and present a revised set of relatively reliable estimates. Positive effects on housing prices are identified for views, various types of recreational infrastructure and vicinity of nationally cultural sites and significant landscapes. Negative effects are found for several disamenities including wasteyards, refuse incinerators, petrol stations and industries. The results suggest that systematic hypothesis testing and reporting of correlations may contribute to consistent explanatory patterns in hedonic pricing estimates for cultural heritage and landscape amenities in urban. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=hedonic%20pricing%20model" title="hedonic pricing model">hedonic pricing model</a>, <a href="https://publications.waset.org/abstracts/search?q=cultural%20heritage" title=" cultural heritage"> cultural heritage</a>, <a href="https://publications.waset.org/abstracts/search?q=landscape%20amenities" title=" landscape amenities"> landscape amenities</a>, <a href="https://publications.waset.org/abstracts/search?q=housing" title=" housing"> housing</a> </p> <a href="https://publications.waset.org/abstracts/82549/valuation-of-cultural-heritage-a-hedonic-pricing-analysis-of-housing-via-gis-based-data" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/82549.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">339</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">333</span> Hedonic Motivations for Online Shopping</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Pui-Lai%20To">Pui-Lai To</a>, <a href="https://publications.waset.org/abstracts/search?q=E-Ping%20Sung"> E-Ping Sung</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The purpose of this study is to investigate hedonic online shopping motivations. A qualitative analysis was conducted to explore the factors influencing online hedonic shopping motivations. The results of the study indicate that traditional hedonic values, consisting of social, role, self-gratification, learning trends, pleasure of bargaining, stimulation, diversion, status, and adventure, and dimensions of flow theory, consisting of control, curiosity, enjoyment, and telepresence, exist in the online shopping environment. Two hedonic motivations unique to Internet shopping, privacy and online shopping achievement, were found. It appears that the most important hedonic value to online shoppers is having the choice to interact or not interact with others while shopping on the Internet. This study serves as a basis for the future growth of Internet marketing. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=internet%20shopping" title="internet shopping">internet shopping</a>, <a href="https://publications.waset.org/abstracts/search?q=shopping%20motivation" title=" shopping motivation"> shopping motivation</a>, <a href="https://publications.waset.org/abstracts/search?q=hedonic%20motivation" title=" hedonic motivation"> hedonic motivation</a> </p> <a href="https://publications.waset.org/abstracts/10050/hedonic-motivations-for-online-shopping" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/10050.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">475</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">332</span> Economic Valuation of Environmental Services Sustained by Flamboyant Park in Goiania-Go, Brazil</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Brenda%20R.%20Berca">Brenda R. Berca</a>, <a href="https://publications.waset.org/abstracts/search?q=Jessica%20S.%20Vieira"> Jessica S. Vieira</a>, <a href="https://publications.waset.org/abstracts/search?q=Lucas%20G.%20Candido"> Lucas G. Candido</a>, <a href="https://publications.waset.org/abstracts/search?q=Matheus%20C.%20Ferreira"> Matheus C. Ferreira</a>, <a href="https://publications.waset.org/abstracts/search?q=Paulo%20S.%20A.%20Lopes%20Filho"> Paulo S. A. Lopes Filho</a>, <a href="https://publications.waset.org/abstracts/search?q=Rafaella%20O.%20Baracho"> Rafaella O. Baracho</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This study aims to estimate the economic value environmental services sustained by Flamboyant Lourival Louza Municipal Park in Goiânia, Goiás, Brazil. The Flamboyant Park is one of the most relevant urban parks, and it is located near a stadium, a shopping center, and two supercenters. In order to define the methods used for the valuation of Flamboyant Park, the first step was carrying out bibliographical research with the view to better understand which method is most feasible to valuate the Park. Thus, the following direct methods were selected: travel cost, hedonic pricing, and contingent valuation. In addition, an indirect method (replacement cost) was applied at Flamboyant Park. The second step was creating and applying two surveys. The first survey aimed at the visitors of the park, addressing socio-economic issues, the use of the Park, as well as its importance and the willingness the visitors, had to pay for its existence. The second survey was destined to the existing trade in the Park, in order to collect data regarding the profits obtained by them. In the end, the characterization of the profile of the visitors and the application of the methods of contingent valuation, travel cost, replacement cost and hedonic pricing were obtained, thus monetarily valuing the various ecosystem services sustained by the park. Some services were not valued due to difficulties encountered during the process. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=contingent%20valuation" title="contingent valuation">contingent valuation</a>, <a href="https://publications.waset.org/abstracts/search?q=ecosystem%20services" title=" ecosystem services"> ecosystem services</a>, <a href="https://publications.waset.org/abstracts/search?q=economic%20environmental%20valuation" title=" economic environmental valuation"> economic environmental valuation</a>, <a href="https://publications.waset.org/abstracts/search?q=hedonic%20pricing" title=" hedonic pricing"> hedonic pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=travel%20cost" title=" travel cost"> travel cost</a> </p> <a href="https://publications.waset.org/abstracts/109560/economic-valuation-of-environmental-services-sustained-by-flamboyant-park-in-goiania-go-brazil" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/109560.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">226</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">331</span> Beggar-Thy-Neighbor's Beach: Pricing Adaptation to Sea-Level Rise </h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Arlan%20Zandro%20Brucal">Arlan Zandro Brucal</a>, <a href="https://publications.waset.org/abstracts/search?q=John%20Lynham"> John Lynham</a> </p> <p class="card-text"><strong>Abstract:</strong></p> With the accelerated sea-level rise (SLR) increasingly becoming a concern, demand for coastal management and protection is expected to grow. Among the coastal management and protection methods, building seawalls are among the most controversial due to the negative externalities they impose on beachgoers and neighboring properties. This paper provides estimates of the external cost associated with building seawalls on the island of Oahu in Hawaii. Using hedonic pricing approach on real properties sold between 1980-2010 and aerial photographs of seawalls in 1995, the paper finds that (1) while seawalls do increase the value of protected properties, the share of armored properties appear to be negatively correlated with property sale prices, suggesting that the positive effect of seawalls tend to decline as more and more rely on this coastal management method; and (2) the value of beachfront properties tend to decline as they get approach seawalls. Results suggest that policymakers should devise a policy that would internalize the externalities associated with private-sector adaptation to climate change. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=private%20sector%20climate%20change%20adaptation" title="private sector climate change adaptation">private sector climate change adaptation</a>, <a href="https://publications.waset.org/abstracts/search?q=externalities" title=" externalities"> externalities</a>, <a href="https://publications.waset.org/abstracts/search?q=sea-level%20rise" title=" sea-level rise"> sea-level rise</a>, <a href="https://publications.waset.org/abstracts/search?q=hedonic%20pricing" title=" hedonic pricing"> hedonic pricing</a> </p> <a href="https://publications.waset.org/abstracts/75039/beggar-thy-neighbors-beach-pricing-adaptation-to-sea-level-rise" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/75039.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">288</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">330</span> Assessing the Impacts of Urbanization on Urban Precincts: A Case of Golconda Precinct, Hyderabad</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Sai%20AKhila%20Budaraju">Sai AKhila Budaraju</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Heritage sites are an integral part of cities and carry a sense of identity to the cities/ towns, but the process of urbanization is a carrying potential threat for the loss of these heritage sites/monuments. Both Central and State Governments listed the historic Golconda fort as National Important Monument and the Heritage precinct with eight heritage-listed buildings and two historical sites respectively, for conservation and preservation, due to the presence of IT Corridor 6kms away accommodating more people in the precinct is under constant pressure. The heritage precinct possesses high property values, being a prime location connecting the IT corridor and CBD (central business district )areas. The primary objective of the study was to assess and identify the factors that are affecting the heritage precinct through Mapping and documentation, Identifying and assessing the factors through empirical analysis, Ordinal regression analysis and Hedonic Pricing Model. Ordinal regression analysis was used to identify the factors that contribute to the changes in the precinct due to urbanization. Hedonic Pricing Model was used to understand and establish a relation whether the presence of historical monuments is also a contributing factor to the property value and to what extent this influence can contribute. The above methods and field visit indicates the Physical, socio-economic factors and the neighborhood characteristics of the precinct contributing to the property values. The outturns and the potential elements derived from the analysis of the Development Control Rules were derived as recommendations to Integrate both Old and newly built environments. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=heritage%20planning" title="heritage planning">heritage planning</a>, <a href="https://publications.waset.org/abstracts/search?q=heritage%20conservation" title=" heritage conservation"> heritage conservation</a>, <a href="https://publications.waset.org/abstracts/search?q=hedonic%20pricing%20model" title=" hedonic pricing model"> hedonic pricing model</a>, <a href="https://publications.waset.org/abstracts/search?q=ordinal%20regression%20analysis" title=" ordinal regression analysis"> ordinal regression analysis</a> </p> <a href="https://publications.waset.org/abstracts/135298/assessing-the-impacts-of-urbanization-on-urban-precincts-a-case-of-golconda-precinct-hyderabad" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/135298.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">193</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">329</span> Hedonic Pricing Model of Parboiled Rice</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Roengchai%20Tansuchat">Roengchai Tansuchat</a>, <a href="https://publications.waset.org/abstracts/search?q=Wassanai%20Wattanutchariya"> Wassanai Wattanutchariya</a>, <a href="https://publications.waset.org/abstracts/search?q=Aree%20Wiboonpongse"> Aree Wiboonpongse</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Parboiled rice is one of the most important food grains and classified in cereal and cereal product. In 2015, parboiled rice was traded more than 14.34 % of total rice trade. The major parboiled rice export countries are Thailand and India, while many countries in Africa and the Middle East such as Nigeria, South Africa, United Arab Emirates, and Saudi Arabia, are parboiled rice import countries. In the global rice market, parboiled rice pricing differs from white rice pricing because parboiled rice is semi-processing product, (soaking, steaming and drying) which affects to their color and texture. Therefore, parboiled rice export pricing does not depend only on the trade volume, length of grain, and percentage of broken rice or purity but also depend on their rice seed attributes such as color, whiteness, consistency of color and whiteness, and their texture. In addition, the parboiled rice price may depend on the country of origin, and other attributes, such as certification mark, label, packaging, and sales locations. The objectives of this paper are to study the attributes of parboiled rice sold in different countries and to evaluate the relationship between parboiled rice price in different countries and their attributes by using hedonic pricing model. These results are useful for product development, and marketing strategies development. The 141 samples of parboiled rice were collected from 5 major parboiled rice consumption countries, namely Nigeria, South Africa, Saudi Arabia, United Arab Emirates and Spain. The physicochemical properties and optical properties, namely size and shape of seed, colour (L*, a*, and b*), parboiled rice texture (hardness, adhesiveness, cohesiveness, springiness, gumminess, and chewiness), nutrition (moisture, protein, carbohydrate, fat, and ash), amylose, package, country of origin, label are considered as explanatory variables. The results from parboiled rice analysis revealed that most of samples are classified as long grain and slender. The highest average whiteness value is the parboiled rice sold in South Africa. The amylose value analysis shows that most of parboiled rice is non-glutinous rice, classified in intermediate amylose content range, and the maximum value was found in United Arab Emirates. The hedonic pricing model showed that size and shape are the key factors to determine parboiled rice price statistically significant. In parts of colour, brightness value (L*) and red-green value (a*) are statistically significant, but the yellow-blue value (b*) is insignificant. In addition, the texture attributes that significantly affect to the parboiled rice price are hardness, adhesiveness, cohesiveness, and gumminess. The findings could help both parboiled rice miller, exporter and retailers formulate better production and marketing strategies by focusing on these attributes. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=hedonic%20pricing%20model" title="hedonic pricing model">hedonic pricing model</a>, <a href="https://publications.waset.org/abstracts/search?q=optical%20properties" title=" optical properties"> optical properties</a>, <a href="https://publications.waset.org/abstracts/search?q=parboiled%20rice" title=" parboiled rice"> parboiled rice</a>, <a href="https://publications.waset.org/abstracts/search?q=physicochemical%20properties" title=" physicochemical properties"> physicochemical properties</a> </p> <a href="https://publications.waset.org/abstracts/58829/hedonic-pricing-model-of-parboiled-rice" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/58829.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">331</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">328</span> Internet Shopping: A Study Based On Hedonic Value and Flow Theory</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Pui-Lai%20To">Pui-Lai To</a>, <a href="https://publications.waset.org/abstracts/search?q=E-Ping%20Sung"> E-Ping Sung</a> </p> <p class="card-text"><strong>Abstract:</strong></p> With the flourishing development of online shopping, an increasing number of customers see online shopping as an entertaining experience. Because the online consumer has a double identity as a shopper and an Internet user, online shopping should offer hedonic values of shopping and Internet usage. The purpose of this study is to investigate hedonic online shopping motivations from the perspectives of traditional hedonic value and flow theory. The study adopted a focus group interview method, including two online and two offline interviews. Four focus groups of shoppers consisted of online professionals, online college students, offline professionals and offline college students. The results of the study indicate that traditional hedonic values and dimensions of flow theory exist in the online shopping environment. The study indicated that online shoppers seem to appreciate being able to learn things and grow to become competitive achievers online. Comparisons of online hedonic motivations between groups are conducted. This study serves as a basis for the future growth of Internet marketing. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=flow%20theory" title="flow theory">flow theory</a>, <a href="https://publications.waset.org/abstracts/search?q=hedonic%20motivation" title=" hedonic motivation"> hedonic motivation</a>, <a href="https://publications.waset.org/abstracts/search?q=internet%20shopping" title=" internet shopping"> internet shopping</a> </p> <a href="https://publications.waset.org/abstracts/29860/internet-shopping-a-study-based-on-hedonic-value-and-flow-theory" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/29860.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">280</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">327</span> Examining the Effects of Ticket Bundling Strategies and Team Identification on Purchase of Hedonic and Utilitarian Options </h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Young%20Ik%20Suh">Young Ik Suh</a>, <a href="https://publications.waset.org/abstracts/search?q=Tywan%20G.%20Martin"> Tywan G. Martin</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Bundling strategy is a common marketing practice today. In the past decades, both academicians and practitioners have increasingly emphasized the strategic importance of bundling in today’s markets. The reason for increased interest in bundling strategy is that they normally believe that it can significantly increase profits on organization’s sales over time and it is convenient for the customer. However, little efforts has been made on ticket bundling and purchase considerations in hedonic and utilitarian options in sport consumer behavior context. Consumers often face choices between utilitarian and hedonic alternatives in decision making. When consumers purchase certain products, they are only interested in the functional dimensions, which are called utilitarian dimensions. On the other hand, others focus more on hedonic features such as fun, excitement, and pleasure. Thus, the current research examines how utilitarian and hedonic consumption can vary in typical ticket purchasing process. The purpose of this research is to understand the following two research themes: (1) the differential effect of discount framing on ticket bundling: utilitarian and hedonic options and (2) moderating effect of team identification on ticket bundling. In order to test the research hypotheses, an experimental study using a two-way ANOVA, 3 (team identification: low, medium, and high) X 2 (discount frame: ticket bundle sales with utilitarian product, and hedonic product), with mixed factorial design will be conducted to determine whether there is a statistical significance between purchasing intentions of two discount frames of ticket bundle sales within different team identification levels. To compare mean differences among the two different settings, we will create two conditions of ticket bundles: (1) offering a discount on a ticket ($5 off) if they would purchase it along with utilitarian product (e.g., iPhone8 case, t-shirt, cap), and (2) offering a discount on a ticket ($5 off) if they would purchase it along with hedonic product (e.g., pizza, drink, fans featured on big screen). The findings of the current ticket bundling study are expected to have many theoretical and practical contributions and implications by extending the research and literature pertaining to the relationship between team identification and sport consumer behavior. Specifically, this study can provide a reliable and valid framework to understanding the role of team identification as a moderator on behavioral intentions such as purchase intentions. From an academic perspective, the study will be the first known attempt to understand consumer reactions toward different discount frames related to ticket bundling. Even though the game ticket itself is the major commodity of sport event attendance and significantly related to teams’ revenue streams, most recent ticket pricing research has been done in terms of economic or cost-oriented pricing and not from a consumer psychological perspective. For sport practitioners, this study will also provide significant implications. The result will imply that sport marketers may need to develop two different ticketing promotions for loyal fan and non-loyal fans. Since loyal fans concern ticket price than tie-in products when they see ticket bundle sales, advertising campaign should be more focused on discounting ticket price. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=ticket%20bundling" title="ticket bundling">ticket bundling</a>, <a href="https://publications.waset.org/abstracts/search?q=hedonic" title=" hedonic"> hedonic</a>, <a href="https://publications.waset.org/abstracts/search?q=utilitarian" title=" utilitarian"> utilitarian</a>, <a href="https://publications.waset.org/abstracts/search?q=team%20identification" title=" team identification"> team identification</a> </p> <a href="https://publications.waset.org/abstracts/82655/examining-the-effects-of-ticket-bundling-strategies-and-team-identification-on-purchase-of-hedonic-and-utilitarian-options" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/82655.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">166</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">326</span> Optimal Price Points in Differential Pricing</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Katerina%20Kormusheva">Katerina Kormusheva</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Pricing plays a pivotal role in the marketing discipline as it directly influences consumer perceptions, purchase decisions, and overall market positioning of a product or service. This paper seeks to expand current knowledge in the area of discriminatory and differential pricing, a main area of marketing research. The methodology includes developing a framework and a model for determining how many price points to implement in differential pricing. We focus on choosing the levels of differentiation, derive a function form of the model framework proposed, and lastly, test it empirically with data from a large-scale marketing pricing experiment of services in telecommunications. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=marketing" title="marketing">marketing</a>, <a href="https://publications.waset.org/abstracts/search?q=differential%20pricing" title=" differential pricing"> differential pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=price%20points" title=" price points"> price points</a>, <a href="https://publications.waset.org/abstracts/search?q=optimization" title=" optimization"> optimization</a> </p> <a href="https://publications.waset.org/abstracts/169535/optimal-price-points-in-differential-pricing" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/169535.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">93</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">325</span> A Study on Characteristics of Hedonic Price Models in Korea Based on Meta-Regression Analysis</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Minseo%20Jo">Minseo Jo</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The purpose of this paper is to examine the factors in the hedonic price models, that has significance impact in determining the price of apartments. There are many variables employed in the hedonic price models and their effectiveness vary differently according to the researchers and the regions they are analysing. In order to consider various conditions, the meta-regression analysis has been selected for the study. In this paper, four meta-independent variables, from the 65 hedonic price models to analysis. The factors that influence the prices of apartments, as well as including factors that influence the prices of apartments, regions, which are divided into two of the research performed, years of research performed, the coefficients of the functions employed. The covariance between the four meta-variables and p-value of the coefficients and the four meta-variables and number of data used in the 65 hedonic price models have been analyzed in this study. The six factors that are most important in deciding the prices of apartments are positioning of apartments, the noise of the apartments, points of the compass and views from the apartments, proximity to the public transportations, companies that have constructed the apartments, social environments (such as schools etc.). <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=hedonic%20price%20model" title="hedonic price model">hedonic price model</a>, <a href="https://publications.waset.org/abstracts/search?q=housing%20price" title=" housing price"> housing price</a>, <a href="https://publications.waset.org/abstracts/search?q=meta-regression%20analysis" title=" meta-regression analysis"> meta-regression analysis</a>, <a href="https://publications.waset.org/abstracts/search?q=characteristics" title=" characteristics"> characteristics</a> </p> <a href="https://publications.waset.org/abstracts/17128/a-study-on-characteristics-of-hedonic-price-models-in-korea-based-on-meta-regression-analysis" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/17128.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">402</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">324</span> Gaming Mouse Redesign Based on Evaluation of Pragmatic and Hedonic Aspects of User Experience</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Thedy%20Yogasara">Thedy Yogasara</a>, <a href="https://publications.waset.org/abstracts/search?q=Fredy%20Agus"> Fredy Agus</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In designing a product, it is currently crucial to focus not only on the product’s usability based on performance measures, but also on user experience (UX) that includes pragmatic and hedonic aspects of product use. These aspects play a significant role in fulfillment of user needs, both functionally and psychologically. Pragmatic quality refers to as product’s perceived ability to support the fulfillment of behavioral goals. It is closely linked to functionality and usability of the product. In contrast, hedonic quality is product’s perceived ability to support the fulfillment of psychological needs. Hedonic quality relates to the pleasure of ownership and use of the product, including stimulation for personal development and communication of user’s identity to others through the product. This study evaluates the pragmatic and hedonic aspects of gaming mice G600 and Razer Krait using AttrakDiff tool to create an improved design that is able to generate positive UX. AttrakDiff is a method that measures pragmatic and hedonic scores of a product with a scale between -3 to +3 through four attributes (i.e. Pragmatic Quality, Hedonic Quality-Identification, Hedonic Quality-Stimulation, and Attractiveness), represented by 28 pairs of opposite words. Based on data gathered from 15 participants, it is identified that gaming mouse G600 needs to be redesigned because of its low grades (pragmatic score: -0.838, hedonic score: 1, attractiveness score: 0.771). The redesign process focuses on the attributes with poor scores and takes into account improvement suggestions collected from interview with the participants. The redesigned mouse G600 is evaluated using the previous method. The result shows higher scores in pragmatic quality (1.929), hedonic quality (1.703), and attractiveness (1.667), indicating that the redesigned mouse is more capable of creating pleasurable experience of product use. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=AttrakDiff" title="AttrakDiff">AttrakDiff</a>, <a href="https://publications.waset.org/abstracts/search?q=hedonic%20aspect" title=" hedonic aspect"> hedonic aspect</a>, <a href="https://publications.waset.org/abstracts/search?q=pragmatic%20aspect" title=" pragmatic aspect"> pragmatic aspect</a>, <a href="https://publications.waset.org/abstracts/search?q=product%20design" title=" product design"> product design</a>, <a href="https://publications.waset.org/abstracts/search?q=user%20experience" title=" user experience"> user experience</a> </p> <a href="https://publications.waset.org/abstracts/92984/gaming-mouse-redesign-based-on-evaluation-of-pragmatic-and-hedonic-aspects-of-user-experience" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/92984.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">157</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">323</span> An Investigation for Information Asymmetry Nexus IPO Under-Pricing: A Case of Pakistan</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Saqib%20Mehmood">Saqib Mehmood</a>, <a href="https://publications.waset.org/abstracts/search?q=Naveed%20Iqbal%20Chaudhry"> Naveed Iqbal Chaudhry</a>, <a href="https://publications.waset.org/abstracts/search?q=Asif%20Mehmood"> Asif Mehmood</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This study intends to investigate the information asymmetry theories of IPO and under-pricing in Pakistan. The purpose of the study is to validate the information asymmetry about firm value which leads to under-pricing. A total of 55 IPOs listed from 2000-2011 were included in this study. OLS multiple regression was applied to achieve the objectives of this study. The findings of the study confirm the significance of information asymmetry on under-pricing in Pakistan. The findings have implications for issuing firms and prospective investors. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=information%20asymmetry" title="information asymmetry">information asymmetry</a>, <a href="https://publications.waset.org/abstracts/search?q=initial%20public%20offerings" title=" initial public offerings"> initial public offerings</a>, <a href="https://publications.waset.org/abstracts/search?q=under-pricing" title=" under-pricing"> under-pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=firm%20value" title=" firm value"> firm value</a> </p> <a href="https://publications.waset.org/abstracts/15450/an-investigation-for-information-asymmetry-nexus-ipo-under-pricing-a-case-of-pakistan" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/15450.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">480</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">322</span> Pricing Strategy in Marketing: Balancing Value and Profitability</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mohsen%20Akhlaghi">Mohsen Akhlaghi</a>, <a href="https://publications.waset.org/abstracts/search?q=Tahereh%20Ebrahimi"> Tahereh Ebrahimi</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Pricing strategy is a vital component in achieving the balance between customer value and business profitability. The aim of this study is to provide insights into the factors, techniques, and approaches involved in pricing decisions. The study utilizes a descriptive approach to discuss various aspects of pricing strategy in marketing, drawing on concepts from market research, consumer psychology, competitive analysis, and adaptability. This approach presents a comprehensive view of pricing decisions. The result of this exploration is a framework that highlights key factors influencing pricing decisions. The study examines how factors such as market positioning, product differentiation, and brand image shape pricing strategies. Additionally, it emphasizes the role of consumer psychology in understanding price elasticity, perceived value, and price-quality associations that influence consumer behavior. Various pricing techniques, including charm pricing, prestige pricing, and bundle pricing, are mentioned as methods to enhance sales by influencing consumer perceptions. The study also underscores the importance of adaptability in responding to market dynamics through regular price monitoring, dynamic pricing, and promotional strategies. It recognizes the role of digital platforms in enabling personalized pricing and dynamic pricing models. In conclusion, the study emphasizes that effective pricing strategies strike a balance between customer value and business profitability, ultimately driving sales, enhancing brand perception, and fostering lasting customer relationships. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=business" title="business">business</a>, <a href="https://publications.waset.org/abstracts/search?q=customer%20benefits" title=" customer benefits"> customer benefits</a>, <a href="https://publications.waset.org/abstracts/search?q=marketing" title=" marketing"> marketing</a>, <a href="https://publications.waset.org/abstracts/search?q=pricing" title=" pricing"> pricing</a> </p> <a href="https://publications.waset.org/abstracts/169226/pricing-strategy-in-marketing-balancing-value-and-profitability" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/169226.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">79</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">321</span> Online Impulse Buying: A Study Based on Hedonic Shopping Value and Website Quality</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Chechen%20Liao">Chechen Liao</a>, <a href="https://publications.waset.org/abstracts/search?q=Hung%20Wen%20Shaw"> Hung Wen Shaw</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Recently, online impulse buying has been growing rapidly. It has become a major issue of concern and provided a lot of opportunities for online businesses. This study examines the effect of hedonic shopping values on hedonic motivations, and in turn affecting the urge of impulse buying. The study also explores the effects of website quality and the individual characteristics of impulsiveness on the urge of impulse buying. A total of 459 valid questionnaires were collected. Structural equation modelling was used to test the research hypothesis. This study found that adventure shopping, value shopping, and social shopping have a positive effect on hedonic motivations, which in turn positively affect the urge of impulse buying. Website quality and the individual characteristics of impulsiveness have a positive effect on the urge of impulse buying. The result of this study validates the phenomenon of online impulse buying behavior. This study also suggests that having a good website quality is the most important factor for increasing the likelihood of consumer impulse purchase. The study could serve as a basis for future research regarding online impulse buying behavior. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=hedonic%20motivation" title="hedonic motivation">hedonic motivation</a>, <a href="https://publications.waset.org/abstracts/search?q=hedonic%20shopping%20value" title=" hedonic shopping value"> hedonic shopping value</a>, <a href="https://publications.waset.org/abstracts/search?q=impulse%20buying" title=" impulse buying"> impulse buying</a>, <a href="https://publications.waset.org/abstracts/search?q=impulsiveness" title=" impulsiveness"> impulsiveness</a>, <a href="https://publications.waset.org/abstracts/search?q=website%20quality" title=" website quality"> website quality</a> </p> <a href="https://publications.waset.org/abstracts/106858/online-impulse-buying-a-study-based-on-hedonic-shopping-value-and-website-quality" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/106858.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">208</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">320</span> Variation of Hedonic Capacity of People According to Age and Its Correlation with Chronotype</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=T.%20Hojageldiyev">T. Hojageldiyev</a>, <a href="https://publications.waset.org/abstracts/search?q=Y.%20Bolmammedov"> Y. Bolmammedov</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Increasing evidence suggests late chronotype individuals are at increased risk of developing psychopathological conditions. Our previously conducted study aimed to know the distribution of chronotypes according to age revealed that evening-types reaching a peak at age 14. While there is growing number of studies evaluating associations between chronotype and affective symptoms, to our best knowledge there are no studies addressing the issue of prevalence of anhedonia according to age groups of people. The sample included 545 healthy students between 13-21 years old from secondary schools and universities of Turkmenistan. Self-report 14 item Snaith-Hamilton Pleasure Scale (SHAPS) was used to assess hedonic tone of students. SHAPS score of 3 or higher indicates the criteria for the anhedonia. According to similarity of hedonic capacity participants divided into three age groups. Group I (age 13-14-15) includes 206 students (92 female), group II (age 16-17) includes 256 students (111 female) and group III (age 18-19-20-21) includes 83 (37 female). Statistical analysis was performed using Microsoft Excel 2013 and GraphPad Prism 7.0 programs. According to results average SHAPS scores of group I is 1.93 ± 1.94, group II 1.08 ± 1.43 and group III 1.29 ± 1.62. Students with anhedonia in group I consisted 30.5%, in group II 13,2% and in group III 12.04%. There are no gender differences. According to questionnaire results, higher prevalence of anhedonia is at the age between 13-15 than other age groups, and hedonic capacity increases as the age of students increases (p < 0.05). As a result, distribution of evening-types according to age correlates with hedonic capacity which is evening-types tends to have lower hedonic capacity. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=anhedonia" title="anhedonia">anhedonia</a>, <a href="https://publications.waset.org/abstracts/search?q=age" title=" age"> age</a>, <a href="https://publications.waset.org/abstracts/search?q=chronotype" title=" chronotype"> chronotype</a>, <a href="https://publications.waset.org/abstracts/search?q=hedonic%20capacity" title=" hedonic capacity"> hedonic capacity</a> </p> <a href="https://publications.waset.org/abstracts/83016/variation-of-hedonic-capacity-of-people-according-to-age-and-its-correlation-with-chronotype" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/83016.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">161</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">319</span> Predatory Pricing at Services Markets: Incentives, Mechanisms, Standards of Proving, and Remedies</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mykola%20G.%20Boichuk">Mykola G. Boichuk</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The paper concerns predatory pricing incentives and mechanisms in the markets of services, as well as its anti-competitive effects. As cost estimation at services markets is more complex in comparison to markets of goods, predatory pricing is more difficult to detect in the provision of services. For instance, this is often the case for professional services, which is analyzed in the paper. The special attention is given to employment markets as de-facto main supply markets for professional services markets. Also, the paper concerns such instances as travel agents' services, where predatory pricing may have implications not only on competition but on a wider range of public interest as well. Thus, the paper develops on effective ways to apply competition law rules on predatory pricing to the provision of services. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=employment%20markets" title="employment markets">employment markets</a>, <a href="https://publications.waset.org/abstracts/search?q=predatory%20pricing" title=" predatory pricing"> predatory pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=services%20markets" title=" services markets"> services markets</a>, <a href="https://publications.waset.org/abstracts/search?q=unfair%20competition" title=" unfair competition"> unfair competition</a> </p> <a href="https://publications.waset.org/abstracts/68895/predatory-pricing-at-services-markets-incentives-mechanisms-standards-of-proving-and-remedies" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/68895.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">325</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">318</span> 4G LTE Dynamic Pricing: The Drivers, Benefits, and Challenges</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ahmed%20Rashad%20Harb%20Riad%20Ismail">Ahmed Rashad Harb Riad Ismail</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The purpose of this research is to study the potential of Dynamic Pricing if deployed by mobile operators and analyse its effects from both operators and consumers side. Furthermore, to conclude, throughout the research study, the recommended conditions for successful Dynamic Pricing deployment, recommended factors identifying the type of markets where Dynamic Pricing can be effective, and proposal for a Dynamic Pricing stakeholders’ framework were presented. Currently, the mobile telecommunications industry is witnessing a dramatic growth rate in the data consumption, being fostered mainly by higher data speed technology as the 4G LTE and by the smart devices penetration rates. However, operators’ revenue from data services lags behind and is decupled from this data consumption growth. Pricing strategy is a key factor affecting this ecosystem. Since the introduction of the 4G LTE technology will increase the pace of data growth in multiples, consequently, if pricing strategies remain constant, then the revenue and usage gap will grow wider, risking the sustainability of the ecosystem. Therefore, this research study is focused on Dynamic Pricing for 4G LTE data services, researching the drivers, benefits and challenges of 4G LTE Dynamic Pricing and the feasibility of its deployment in practice from different perspectives including operators, regulators, consumers, and telecommunications equipment manufacturers point of views. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=LTE" title="LTE">LTE</a>, <a href="https://publications.waset.org/abstracts/search?q=dynamic%20pricing" title=" dynamic pricing"> dynamic pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=EPC" title=" EPC"> EPC</a>, <a href="https://publications.waset.org/abstracts/search?q=research" title=" research"> research</a> </p> <a href="https://publications.waset.org/abstracts/6817/4g-lte-dynamic-pricing-the-drivers-benefits-and-challenges" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/6817.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">332</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">317</span> Investigation on Cost Reflective Network Pricing and Modified Cost Reflective Network Pricing Methods for Transmission Service Charges</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=K.%20Iskandar">K. Iskandar</a>, <a href="https://publications.waset.org/abstracts/search?q=N.%20H.%20Radzi"> N. H. Radzi</a>, <a href="https://publications.waset.org/abstracts/search?q=R.%20Aziz"> R. Aziz</a>, <a href="https://publications.waset.org/abstracts/search?q=M.%20S.%20Kamaruddin"> M. S. Kamaruddin</a>, <a href="https://publications.waset.org/abstracts/search?q=M.%20N.%20Abdullah"> M. N. Abdullah</a>, <a href="https://publications.waset.org/abstracts/search?q=S.%20A.%20Jumaat"> S. A. Jumaat</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Nowadays many developing countries have been undergoing a restructuring process in the power electricity industry. This process has involved disaggregating former state-owned monopoly utilities both vertically and horizontally and introduced competition. The restructuring process has been implemented by the Australian National Electricity Market (NEM) started from 13 December 1998, began operating as a wholesale market for supply of electricity to retailers and end-users in Queensland, New South Wales, the Australian Capital Territory, Victoria and South Australia. In this deregulated market, one of the important issues is the transmission pricing. Transmission pricing is a service that recovers existing and new cost of the transmission system. The regulation of the transmission pricing is important in determining whether the transmission service system is economically beneficial to both side of the users and utilities. Therefore, an efficient transmission pricing methodology plays an important role in the Australian NEM. In this paper, the transmission pricing methodologies that have been implemented by the Australian NEM which are the Cost Reflective Network Pricing (CRNP) and Modified Cost Reflective Network Pricing (MCRNP) methods are investigated for allocating the transmission service charges to the transmission users. A case study using 6-bus system is used in order to identify the best method that reflects a fair and equitable transmission service charge. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=cost-reflective%20network%20pricing%20method" title="cost-reflective network pricing method">cost-reflective network pricing method</a>, <a href="https://publications.waset.org/abstracts/search?q=modified%20cost-reflective%20network%20pricing%20method" title=" modified cost-reflective network pricing method"> modified cost-reflective network pricing method</a>, <a href="https://publications.waset.org/abstracts/search?q=restructuring%20process" title=" restructuring process"> restructuring process</a>, <a href="https://publications.waset.org/abstracts/search?q=transmission%20pricing" title=" transmission pricing"> transmission pricing</a> </p> <a href="https://publications.waset.org/abstracts/62287/investigation-on-cost-reflective-network-pricing-and-modified-cost-reflective-network-pricing-methods-for-transmission-service-charges" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/62287.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">445</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">316</span> A Study on Inference from Distance Variables in Hedonic Regression</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Yan%20Wang">Yan Wang</a>, <a href="https://publications.waset.org/abstracts/search?q=Yasushi%20Asami"> Yasushi Asami</a>, <a href="https://publications.waset.org/abstracts/search?q=Yukio%20Sadahiro"> Yukio Sadahiro</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In urban area, several landmarks may affect housing price and rents, hedonic analysis should employ distance variables corresponding to each landmarks. Unfortunately, the effects of distances to landmarks on housing prices are generally not consistent with the true price. These distance variables may cause magnitude error in regression, pointing a problem of spatial multicollinearity. In this paper, we provided some approaches for getting the samples with less bias and method on locating the specific sampling area to avoid the multicollinerity problem in two specific landmarks case. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=landmarks" title="landmarks">landmarks</a>, <a href="https://publications.waset.org/abstracts/search?q=hedonic%20regression" title=" hedonic regression"> hedonic regression</a>, <a href="https://publications.waset.org/abstracts/search?q=distance%20variables" title=" distance variables"> distance variables</a>, <a href="https://publications.waset.org/abstracts/search?q=collinearity" title=" collinearity"> collinearity</a>, <a href="https://publications.waset.org/abstracts/search?q=multicollinerity" title=" multicollinerity"> multicollinerity</a> </p> <a href="https://publications.waset.org/abstracts/17025/a-study-on-inference-from-distance-variables-in-hedonic-regression" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/17025.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">452</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">315</span> Price Setting and the Role of Accounting Information</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Chris%20Durden">Chris Durden</a>, <a href="https://publications.waset.org/abstracts/search?q=Peter%20Lane"> Peter Lane</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Cost accounting information potentially plays an important role in price setting. According to prior research fixed and variable cost information often is a key influence on pricing decisions. The literature highlights the benefits of applying systematic costing systems for enhanced price setting processes. This paper explores how costing systems are used for pricing decisions in the tourism and hospitality industry relative to other sources of price setting information. Pricing based on full cost information was found to have relatively greater importance and short-term survival and customer oriented objectives were found to be the more important pricing objectives. This paper contributes to the literature by providing a recent analysis of accounting’s role in price setting within the tourism and hospitality industry. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=cost%20accounting%20systems" title="cost accounting systems">cost accounting systems</a>, <a href="https://publications.waset.org/abstracts/search?q=pricing%20decisions" title=" pricing decisions"> pricing decisions</a>, <a href="https://publications.waset.org/abstracts/search?q=cost-plus%20pricing" title=" cost-plus pricing"> cost-plus pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=market%20pricing" title=" market pricing"> market pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=tourism%20industry" title=" tourism industry"> tourism industry</a> </p> <a href="https://publications.waset.org/abstracts/31372/price-setting-and-the-role-of-accounting-information" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/31372.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">387</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">314</span> Econophysics: The Use of Entropy Measures in Finance</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Muhammad%20Sheraz">Muhammad Sheraz</a>, <a href="https://publications.waset.org/abstracts/search?q=Vasile%20Preda"> Vasile Preda</a>, <a href="https://publications.waset.org/abstracts/search?q=Silvia%20Dedu"> Silvia Dedu</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Concepts of econophysics are usually used to solve problems related to uncertainty and nonlinear dynamics. In the theory of option pricing the risk neutral probabilities play very important role. The application of entropy in finance can be regarded as the extension of both information entropy and the probability entropy. It can be an important tool in various financial methods such as measure of risk, portfolio selection, option pricing and asset pricing. Gulko applied Entropy Pricing Theory (EPT) for pricing stock options and introduced an alternative framework of Black-Scholes model for pricing European stock option. In this article, we present solutions to maximum entropy problems based on Tsallis, Weighted-Tsallis, Kaniadakis, Weighted-Kaniadakies entropies, to obtain risk-neutral densities. We have also obtained the value of European call and put in this framework. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=option%20pricing" title="option pricing">option pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=Black-Scholes%20model" title=" Black-Scholes model"> Black-Scholes model</a>, <a href="https://publications.waset.org/abstracts/search?q=Tsallis%20entropy" title=" Tsallis entropy"> Tsallis entropy</a>, <a href="https://publications.waset.org/abstracts/search?q=Kaniadakis%20entropy" title=" Kaniadakis entropy"> Kaniadakis entropy</a>, <a href="https://publications.waset.org/abstracts/search?q=weighted%20entropy" title=" weighted entropy"> weighted entropy</a>, <a href="https://publications.waset.org/abstracts/search?q=risk-neutral%20density" title=" risk-neutral density"> risk-neutral density</a> </p> <a href="https://publications.waset.org/abstracts/55546/econophysics-the-use-of-entropy-measures-in-finance" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/55546.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">303</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">313</span> Potentials and Influencing Factors of Dynamic Pricing in Business: Empirical Insights of European Experts</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Christopher%20Reichstein">Christopher Reichstein</a>, <a href="https://publications.waset.org/abstracts/search?q=Ralf-Christian%20H%C3%A4rting"> Ralf-Christian Härting</a>, <a href="https://publications.waset.org/abstracts/search?q=Martina%20H%C3%A4u%C3%9Fler"> Martina Häußler</a> </p> <p class="card-text"><strong>Abstract:</strong></p> With a continuously increasing speed of information exchange on the World Wide Web, retailers in the E-Commerce sector are faced with immense possibilities regarding different online purchase processes like dynamic price settings. By use of Dynamic Pricing, retailers are able to set short time price changes in order to optimize producer surplus. The empirical research illustrates the basics of Dynamic Pricing and identifies six influencing factors of Dynamic Pricing. The results of a structural equation modeling approach show five main drivers increasing the potential of dynamic price settings in the E-Commerce. Influencing factors are the knowledge of customers’ individual willingness to pay, rising sales, the possibility of customization, the data volume and the information about competitors’ pricing strategy. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=e-commerce" title="e-commerce">e-commerce</a>, <a href="https://publications.waset.org/abstracts/search?q=empirical%20research" title=" empirical research"> empirical research</a>, <a href="https://publications.waset.org/abstracts/search?q=experts" title=" experts"> experts</a>, <a href="https://publications.waset.org/abstracts/search?q=dynamic%20pricing%20%28DP%29" title=" dynamic pricing (DP)"> dynamic pricing (DP)</a>, <a href="https://publications.waset.org/abstracts/search?q=influencing%20factors" title=" influencing factors"> influencing factors</a>, <a href="https://publications.waset.org/abstracts/search?q=potentials" title=" potentials"> potentials</a> </p> <a href="https://publications.waset.org/abstracts/72524/potentials-and-influencing-factors-of-dynamic-pricing-in-business-empirical-insights-of-european-experts" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/72524.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">261</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">312</span> Discrimination in Insurance Pricing: A Textual-Analysis Perspective</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ruijuan%20Bi">Ruijuan Bi</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Discrimination in insurance pricing is a topic of increasing concern, particularly in the context of the rapid development of big data and artificial intelligence. There is a need to explore the various forms of discrimination, such as direct and indirect discrimination, proxy discrimination, algorithmic discrimination, and unfair discrimination, and understand their implications in insurance pricing models. This paper aims to analyze and interpret the definitions of discrimination in insurance pricing and explore measures to reduce discrimination. It utilizes a textual analysis methodology, which involves gathering qualitative data from relevant literature on definitions of discrimination. The research methodology focuses on exploring the various forms of discrimination and their implications in insurance pricing models. Through textual analysis, this paper identifies the specific characteristics and implications of each form of discrimination in the general insurance industry. This research contributes to the theoretical understanding of discrimination in insurance pricing. By analyzing and interpreting relevant literature, this paper provides insights into the definitions of discrimination and the laws and regulations surrounding it. This theoretical foundation can inform future empirical research on discrimination in insurance pricing using relevant theories of probability theory. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=algorithmic%20discrimination" title="algorithmic discrimination">algorithmic discrimination</a>, <a href="https://publications.waset.org/abstracts/search?q=direct%20and%20indirect%20discrimination" title=" direct and indirect discrimination"> direct and indirect discrimination</a>, <a href="https://publications.waset.org/abstracts/search?q=proxy%20discrimination" title=" proxy discrimination"> proxy discrimination</a>, <a href="https://publications.waset.org/abstracts/search?q=unfair%20discrimination" title=" unfair discrimination"> unfair discrimination</a>, <a href="https://publications.waset.org/abstracts/search?q=insurance%20pricing" title=" insurance pricing"> insurance pricing</a> </p> <a href="https://publications.waset.org/abstracts/178477/discrimination-in-insurance-pricing-a-textual-analysis-perspective" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/178477.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">73</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">311</span> Implied Adjusted Volatility by Leland Option Pricing Models: Evidence from Australian Index Options</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mimi%20Hafizah%20Abdullah">Mimi Hafizah Abdullah</a>, <a href="https://publications.waset.org/abstracts/search?q=Hanani%20Farhah%20Harun"> Hanani Farhah Harun</a>, <a href="https://publications.waset.org/abstracts/search?q=Nik%20Ruzni%20Nik%20Idris"> Nik Ruzni Nik Idris</a> </p> <p class="card-text"><strong>Abstract:</strong></p> With the implied volatility as an important factor in financial decision-making, in particular in option pricing valuation, and also the given fact that the pricing biases of Leland option pricing models and the implied volatility structure for the options are related, this study considers examining the implied adjusted volatility smile patterns and term structures in the S&P/ASX 200 index options using the different Leland option pricing models. The examination of the implied adjusted volatility smiles and term structures in the Australian index options market covers the global financial crisis in the mid-2007. The implied adjusted volatility was found to escalate approximately triple the rate prior the crisis. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=implied%20adjusted%20volatility" title="implied adjusted volatility">implied adjusted volatility</a>, <a href="https://publications.waset.org/abstracts/search?q=financial%20crisis" title=" financial crisis"> financial crisis</a>, <a href="https://publications.waset.org/abstracts/search?q=Leland%20option%20pricing%20models" title=" Leland option pricing models"> Leland option pricing models</a>, <a href="https://publications.waset.org/abstracts/search?q=Australian%20index%20options" title=" Australian index options"> Australian index options</a> </p> <a href="https://publications.waset.org/abstracts/9747/implied-adjusted-volatility-by-leland-option-pricing-models-evidence-from-australian-index-options" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/9747.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">379</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">310</span> A Research on Inference from Multiple Distance Variables in Hedonic Regression Focus on Three Variables</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Yan%20Wang">Yan Wang</a>, <a href="https://publications.waset.org/abstracts/search?q=Yasushi%20Asami"> Yasushi Asami</a>, <a href="https://publications.waset.org/abstracts/search?q=Yukio%20Sadahiro"> Yukio Sadahiro</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In urban context, urban nodes such as amenity or hazard will certainly affect house price, while classic hedonic analysis will employ distance variables measured from each urban nodes. However, effects from distances to facilities on house prices generally do not represent the true price of the property. Distance variables measured on the same surface are suffering a problem called multicollinearity, which is usually presented as magnitude variance and mean value in regression, errors caused by instability. In this paper, we provided a theoretical framework to identify and gather the data with less bias, and also provided specific sampling method on locating the sample region to avoid the spatial multicollinerity problem in three distance variable’s case. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=hedonic%20regression" title="hedonic regression">hedonic regression</a>, <a href="https://publications.waset.org/abstracts/search?q=urban%20node" title=" urban node"> urban node</a>, <a href="https://publications.waset.org/abstracts/search?q=distance%20variables" title=" distance variables"> distance variables</a>, <a href="https://publications.waset.org/abstracts/search?q=multicollinerity" title=" multicollinerity"> multicollinerity</a>, <a href="https://publications.waset.org/abstracts/search?q=collinearity" title=" collinearity "> collinearity </a> </p> <a href="https://publications.waset.org/abstracts/18033/a-research-on-inference-from-multiple-distance-variables-in-hedonic-regression-focus-on-three-variables" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/18033.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">464</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">309</span> Investigating the Effective Parameters in Determining the Type of Traffic Congestion Pricing Schemes in Urban Streets</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Saeed%20Sayyad%20Hagh%20Shomar">Saeed Sayyad Hagh Shomar</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Traffic congestion pricing – as a strategy in travel demand management in urban areas to reduce traffic congestion, air pollution and noise pollution – has drawn many attentions towards itself. Unlike the satisfying findings in this method, there are still problems in determining the best functional congestion pricing scheme with regard to the situation. The so-called problems in this process will result in further complications and even the scheme failure. That is why having proper knowledge of the significance of congestion pricing schemes and the effective factors in choosing them can lead to the success of this strategy. In this study, first, a variety of traffic congestion pricing schemes and their components are introduced; then, their functional usage is discussed. Next, by analyzing and comparing the barriers, limitations and advantages, the selection criteria of pricing schemes are described. The results, accordingly, show that the selection of the best scheme depends on various parameters. Finally, based on examining the effective parameters, it is concluded that the implementation of area-based schemes (cordon and zonal) has been more successful in non-diversion of traffic. That is considering the topology of the cities and the fact that traffic congestion is often created in the city centers, area-based schemes would be notably functional and appropriate. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=congestion%20pricing" title="congestion pricing">congestion pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=demand%20management" title=" demand management"> demand management</a>, <a href="https://publications.waset.org/abstracts/search?q=flat%20toll" title=" flat toll"> flat toll</a>, <a href="https://publications.waset.org/abstracts/search?q=variable%20toll" title=" variable toll"> variable toll</a> </p> <a href="https://publications.waset.org/abstracts/94312/investigating-the-effective-parameters-in-determining-the-type-of-traffic-congestion-pricing-schemes-in-urban-streets" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/94312.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">390</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">308</span> A Theoretical Framework of Multifactor Systematic Risks in Equity Market: Behavioral Finance Paradigm</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Jasman%20Tuyon">Jasman Tuyon</a>, <a href="https://publications.waset.org/abstracts/search?q=Zamri%20Ahmad"> Zamri Ahmad</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Behavioral asset pricing research has been gaining momentum since in 1990s. However, it is still incomplete and has been criticized for some philosophical, theoretical and model specification limitations. Due to these drawbacks, investors’ behaviors as a source of risk in behavioral asset pricing modeling still remains disputable. This paper aims to address these issues with an alternative perspective based on behavioral finance paradigm. Specifically, this paper proposes a theoretical linkages of both fundamental and behavioral risks on stock prices formation and an extension of the multifactor stock pricing model by combining multi-factor fundamentals and behavioral risks factors. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=behavioral%20finance" title="behavioral finance">behavioral finance</a>, <a href="https://publications.waset.org/abstracts/search?q=multifactor%20asset%20pricing" title=" multifactor asset pricing"> multifactor asset pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=behavioral%20risks" title=" behavioral risks"> behavioral risks</a>, <a href="https://publications.waset.org/abstracts/search?q=fundamental%20risks" title=" fundamental risks"> fundamental risks</a> </p> <a href="https://publications.waset.org/abstracts/11989/a-theoretical-framework-of-multifactor-systematic-risks-in-equity-market-behavioral-finance-paradigm" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/11989.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">499</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">307</span> Derivation of Fractional Black-Scholes Equations Driven by Fractional G-Brownian Motion and Their Application in European Option Pricing</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Changhong%20Guo">Changhong Guo</a>, <a href="https://publications.waset.org/abstracts/search?q=Shaomei%20Fang"> Shaomei Fang</a>, <a href="https://publications.waset.org/abstracts/search?q=Yong%20He"> Yong He</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In this paper, fractional Black-Scholes models for the European option pricing were established based on the fractional G-Brownian motion (fGBm), which generalizes the concepts of the classical Brownian motion, fractional Brownian motion and the G-Brownian motion, and that can be used to be a tool for considering the long range dependence and uncertain volatility for the financial markets simultaneously. A generalized fractional Black-Scholes equation (FBSE) was derived by using the Taylor’s series of fractional order and the theory of absence of arbitrage. Finally, some explicit option pricing formulas for the European call option and put option under the FBSE were also solved, which extended the classical option pricing formulas given by F. Black and M. Scholes. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=European%20option%20pricing" title="European option pricing">European option pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=fractional%20Black-Scholes%20equations" title=" fractional Black-Scholes equations"> fractional Black-Scholes equations</a>, <a href="https://publications.waset.org/abstracts/search?q=fractional%20g-Brownian%20motion" title=" fractional g-Brownian motion"> fractional g-Brownian motion</a>, <a href="https://publications.waset.org/abstracts/search?q=Taylor%27s%20series%20of%20fractional%20order" title=" Taylor's series of fractional order"> Taylor's series of fractional order</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertain%20volatility" title=" uncertain volatility"> uncertain volatility</a> </p> <a href="https://publications.waset.org/abstracts/127107/derivation-of-fractional-black-scholes-equations-driven-by-fractional-g-brownian-motion-and-their-application-in-european-option-pricing" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/127107.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">163</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">306</span> Dynamic Pricing With Demand Response Managment in Smart Grid: Stackelberg Game Approach</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Hasibe%20Berfu%20Demi%CC%87r">Hasibe Berfu Demi̇r</a>, <a href="https://publications.waset.org/abstracts/search?q=%C5%9Eakir%20Esnaf"> Şakir Esnaf</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In the past decade, extensive improvements have been done in electrical grid infrastructures. It is very important to make plans on supply, demand, transmission, distribution and pricing for the development of the electricity energy sector. Based on this perspective, in this study, Stackelberg game approach is proposed for demand participation management (DRM), which has become an important component in the smart grid to effectively reduce power generation costs and user bills. The purpose of this study is to examine electricity consumption from a dynamic pricing perspective. The results obtained were compared with the current situation and the results were interpreted. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=lectricity" title="lectricity">lectricity</a>, <a href="https://publications.waset.org/abstracts/search?q=stackelberg" title=" stackelberg"> stackelberg</a>, <a href="https://publications.waset.org/abstracts/search?q=smart%20grid" title=" smart grid"> smart grid</a>, <a href="https://publications.waset.org/abstracts/search?q=demand%20response%20managment" title=" demand response managment"> demand response managment</a>, <a href="https://publications.waset.org/abstracts/search?q=dynamic%20pricing" title=" dynamic pricing"> dynamic pricing</a> </p> <a href="https://publications.waset.org/abstracts/150930/dynamic-pricing-with-demand-response-managment-in-smart-grid-stackelberg-game-approach" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/150930.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">97</span> </span> </div> </div> <ul class="pagination"> <li class="page-item disabled"><span class="page-link">&lsaquo;</span></li> <li class="page-item active"><span class="page-link">1</span></li> <li class="page-item"><a class="page-link" href="https://publications.waset.org/abstracts/search?q=hedonic%20pricing&page=2">2</a></li> <li class="page-item"><a class="page-link" href="https://publications.waset.org/abstracts/search?q=hedonic%20pricing&page=3">3</a></li> <li class="page-item"><a class="page-link" href="https://publications.waset.org/abstracts/search?q=hedonic%20pricing&page=4">4</a></li> <li class="page-item"><a class="page-link" href="https://publications.waset.org/abstracts/search?q=hedonic%20pricing&page=5">5</a></li> <li class="page-item"><a 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