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Reverse pricing has been recognized as an effective tool to handle demand uncertainty in the travel industry (e.g., airlines and hotels). To investigate its viability for communication networks, we study the practical limitations of (operator-driven) time-dependent pricing that has been recently introduced, taking into account demand uncertainty. Compared to (operator-driven) time-dependent pricing,...
In December 2004, the bookbuilding method was introduced in the Chinese IPO market and the PE ratio restriction was abolished. The purpose of the study is to examine whether the IPO shares after reform are priced efficiently so that the different levels of underpricing can be explained rationally by economic variables for information asymmetry theory. The result of the study revealed that only a small...
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