Type & year
Business Papers · 2022
Business Papers · 2022 · Behavioral Operations
Managerial regret and inventory pricing
Meng Li, Yan Liu
Management Science 68(6), 4398–4414
Summary
A seller with limited inventory prices dynamically while comparing chosen prices with forgone alternatives. Regret lowers prices relative to an unbiased seller, preserves familiar inventory and time patterns, and can make additional inventory fail to increase revenue.
Record
Research theme
Behavioral Operations
Publication
Management Science 68(6), 4398–4414
Suggested citation
Meng Li, Yan Liu (2022). Managerial regret and inventory pricing. Management Science 68(6), 4398–4414.