Principles of Pricing: An Analytical Approach

Principles of Pricing: An Analytical Approach

ISBN: 9781107010659
Publisher: Cambridge University Press
Edition: 1
Publication Date: 2012-03-05
Number of pages: 262
  • $39.99

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Pricing drives three of the most important elements of firm success: revenue and profits, customer behavior, and firm image. This book provides an introduction to the basic principles for thinking clearly about pricing. Unlike other marketing books on pricing, the authors use a more analytic approach and relate ideas to the basic principles of microeconomics. Rakesh Vohra and Lakshman Krishnamurthi also cover three areas in greater depth and provide more insight than may be gleaned from existing books: 1) the use of auctions, 2) price discrimination, and 3) pricing in a competitive environment.

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