Ontology highlight
ABSTRACT:
SUBMITTER: Kramer F
PROVIDER: S-EPMC5425341 | biostudies-literature | 2017 Jun
REPOSITORIES: biostudies-literature
Krämer Florentin F Schmidt Klaus M KM Spann Martin M Stich Lucas L
Data in brief 20170504
Pay What You Want (PWYW) and Name Your Own Price (NYOP) are customer-driven pricing mechanisms that give customers (some) pricing power and that have been used in service industries with high fixed costs to price discriminate without setting a reference price. This paper describes buyer and seller data in a series of induced-value laboratory experiments that compare PWYW and NYOP in monopoly and competitive situations. Sellers are in a one-shot interaction with buyers. Sellers using customer-dri ...[more]