Pricing Mechanism in Information Goods
Xinming Li, Huaqing Wang
TL;DR
This paper analyzes three different pricing mechanisms in the data industry, providing analytical solutions and proposing a win-win strategy to benefit all participants in the data supply chain.
Contribution
It introduces a comprehensive analysis of decentralized, centralized, Nash bargaining, and revenue sharing pricing mechanisms with new analytical solutions.
Findings
Analytical solutions for each pricing mechanism
A proposed win-win pricing strategy
Insights into participant benefits in data supply chains
Abstract
We study three pricing mechanisms' performance and their effects on the participants in the data industry from the data supply chain perspective. A win-win pricing strategy for the players in the data supply chain is proposed. We obtain analytical solutions in each pricing mechanism, including the decentralized and centralized pricing, Nash Bargaining pricing, and revenue sharing mechanism.
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Taxonomy
TopicsAuction Theory and Applications · Consumer Market Behavior and Pricing · Blockchain Technology Applications and Security