An experiment on investor behavior in markets with nonlinear transaction fees
Lecture Notes in Business Information Processing(2008)
摘要
Pricing of transaction services in electronic financial markets has been undergoing a continuous change. The design of transaction fees plays a crucial role for the business structure of market places. A key element in price schedule design is the order behavior of the customers and their sensitivity to transaction fee changes. We conduct a field experiment as a means to analyze customers' order behavior following transaction fee changes. The discussion highlights the need for a structured approach for price schedule design in the context of market engineering.
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关键词
field experiment,nonlinear pricing,price discrimination,quantity discounts,price schedule design,market engineering
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