In each case, the relative cost of postponing the purchase for buyer and seller determines the intensity of competition between the [past and future] selves of the seller. If the buyer has a lower cost of postponing the purchase (delay, making do with an interior model) than the seller (inventory, staff salaries) the buyer has the bargaining power.
RV
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Rakesh V. Vohra
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About Rakesh V. Vohra on QuoteMust
Rakesh V. Vohra currently has 1 indexed quotes and 1 linked works on QuoteMust. This page is the canonical destination for that author archive.
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Principles of Pricing: An Analytical Approach
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