The performance of a stochastic model of individual buyer behavior relative to a set of gasoline diary panel data is explored. Use of the model for pricing decision making under a set of assumptions about competitive behavior in a market situation is discussed and illustrated through the use of numerical examples.
No takes yet. Share an insight, caveat, or question.
Gary L. Lilien (1974) studied this question.
Synapse has enriched 4 closely related papers on similar clinical questions. Consider them for comparative context: