Author: Oz Shy
- Trading books are a form of accounting ledger that contains records of all tradeable financial assets of a bank.
- Trading books are subject to gains and losses that affect the financial institution directly.
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Over the past four decades, business and academic economists, operations researchers, marketing scientists, and consulting firms have increased their interest and research on pricing and revenue management. This book attempts to introduce the reader to a wide variety of their research results on pricing techniques in a unified, systematic way and at varying levels of difficulty.
“This book provides an extremely valuable introduction to ‘the art of pricing’.
“Oz Shy has yet again succeeded in providing an innovative and lucid exposition of a longstanding issue: how to price. The outcome is a cleverly presented toolkit for understanding yield management and pricing strategies. The comprehensible yet rigorous style, its original focus and varying levels of mathematical formalization, as well as the novel use of computer algorithms make this book an exceptionally useful instrument not only for teachers and students in economics, management, and marketing, but also for practitioners and business people.” – Tomaso Duso, Social Science Research Center Berlin
“A valuable book for both students and practitioners — it will be a key reference for anyone working in the field. The author is an expert who himself has made important contributions to industrial organization.” – Paul Klemperer, Oxford University
“How to Price is a coherent and straight to the point introduction to the state of the art of strategic pricing. This book is especially suitable for master’s level students in economics as well as managers responsible for pricing decisions. At the targeted level the book is the first in its kind.” – Staffan Ringbom, Swedish School of Economics and Business Administration, Helsinki, and HECER
“This is a must-read for all economists interested in pricing of services. It provides a wealth of exciting pricing issues and their solutions. It is accessible for undergraduates, yet exceedingly valuable to graduate economists, MBA students, practitioners and researchers. How to Price is both a textbook and a reference for the various types of pricing. At the same time, it provides algorithms for those trying to apply the concepts in practice. Oz Shy has shown us the usefulness of applying economic concepts to pricing and provides us with fun in doing so.” – Ingo Vogelsang, Boston University