[{"abstract":[{"lang":"eng","text":"This paper presents a classroom experiment on pricing strategies available to monopolists. Each student makes production decisions as a monopolist during the experiment, learning from his/her own experiences what it means to be a price searcher. Full information is provided on cost conditions, while the demand function remains unknown to the participants. Given a sufficient number of periods, students will in principle be able to maximise their profits by applying a simple trial and error strategy. However, one of the objectives of the experiment is to demonstrate to students that search strategies based on economic principles are more efficient.</jats:p>"}],"page":"1-10","keyword":["Classroom experiment","monopoly","trial and error","pricing strategy"],"status":"public","user_id":"15514","year":2015,"department":[{"_id":"DEP7034"}],"doi":"10.1155/2015/875301","date_updated":"2023-03-15T13:49:39Z","publisher":"Hindawi Publ. Corp.","type":"journal_article","_id":"2269","oa":"1","publication":"Economics Research International","main_file_link":[{"open_access":"1","url":"https://www.hindawi.com/journals/ecri/2015/875301/"}],"title":"Monopoly Profit Maximization: Success and Economic Principles","place":"New York, NY   ","citation":{"chicago-de":"von Blanckenburg, Korbinian und Milena Neubert. 2015. Monopoly Profit Maximization: Success and Economic Principles. <i>Economics Research International</i>: 1–10. doi:<a href=\"https://doi.org/10.1155/2015/875301,\">10.1155/2015/875301,</a> .","chicago":"Blanckenburg, Korbinian von, and Milena Neubert. “Monopoly Profit Maximization: Success and Economic Principles.” <i>Economics Research International</i>, 2015, 1–10. <a href=\"https://doi.org/10.1155/2015/875301\">https://doi.org/10.1155/2015/875301</a>.","ufg":"<b>von Blanckenburg, Korbinian/Neubert, Milena (2015)</b>: Monopoly Profit Maximization: Success and Economic Principles, in: <i>Economics Research International</i>, S. 1–10.","din1505-2-1":"<span style=\"font-variant:small-caps;\">von Blanckenburg, Korbinian</span> ; <span style=\"font-variant:small-caps;\">Neubert, Milena</span>: Monopoly Profit Maximization: Success and Economic Principles. In: <i>Economics Research International</i>. New York, NY   , Hindawi Publ. Corp. (2015), S. 1–10","apa":"von Blanckenburg, K., &#38; Neubert, M. (2015). Monopoly Profit Maximization: Success and Economic Principles. <i>Economics Research International</i>, 1–10. <a href=\"https://doi.org/10.1155/2015/875301\">https://doi.org/10.1155/2015/875301</a>","mla":"von Blanckenburg, Korbinian, and Milena Neubert. “Monopoly Profit Maximization: Success and Economic Principles.” <i>Economics Research International</i>, Hindawi Publ. Corp., 2015, pp. 1–10, doi:<a href=\"https://doi.org/10.1155/2015/875301\">10.1155/2015/875301</a>.","bjps":"<b>von Blanckenburg K and Neubert M</b> (2015) Monopoly Profit Maximization: Success and Economic Principles. <i>Economics Research International</i> 1–10.","short":"K. von Blanckenburg, M. Neubert, Economics Research International (2015) 1–10.","van":"von Blanckenburg K, Neubert M. Monopoly Profit Maximization: Success and Economic Principles. Economics Research International. 2015;1–10.","ama":"von Blanckenburg K, Neubert M. Monopoly Profit Maximization: Success and Economic Principles. <i>Economics Research International</i>. 2015:1-10. doi:<a href=\"https://doi.org/10.1155/2015/875301\">10.1155/2015/875301</a>","ieee":"K. von Blanckenburg and M. Neubert, “Monopoly Profit Maximization: Success and Economic Principles,” <i>Economics Research International</i>, pp. 1–10, 2015.","havard":"K. von Blanckenburg, M. Neubert, Monopoly Profit Maximization: Success and Economic Principles, Economics Research International. (2015) 1–10."},"language":[{"iso":"eng"}],"date_created":"2020-05-04T08:57:55Z","publication_status":"published","author":[{"full_name":"von Blanckenburg, Korbinian","last_name":"von Blanckenburg","id":"58841","first_name":"Korbinian"},{"last_name":"Neubert","full_name":"Neubert, Milena","first_name":"Milena"}],"publication_identifier":{"issn":["2090-2123","2090-2131"]}},{"conference":{"name":"8th International Heinz Nixdorf Symposium, IHNS 2010","start_date":"2010-04-21","end_date":"2010-04-22","location":"Paderborn"},"page":"332-344","abstract":[{"text":"Groupage transports are frequently calculated based on freight rates assuming a declining rate with respect to volume and to transportation distance. This paper investigates the case of feeding many small shipments to customers via a freight forwarder network. It is argued that costs for post-carriage transport dominate other costs. Based on a theoretical estimate, simulation experiments for the case of a uniform distribution of customer locations around the subsidiary with a fixed shipment size per drop suggest that the aggregate costs grow progressively with increasing customer drop distances from the subsidiary. The resulting implications for transport modelling are discussed.","lang":"eng"}],"keyword":["cost-by-cause principle","freight forwarder","freight rates","network","overhead costs","pricing","simulation","transport"],"status":"public","department":[{"_id":"DEP1520"}],"user_id":"15514","year":2011,"date_updated":"2023-03-15T13:50:03Z","doi":"doi.org/10.1007/978-3-642-12494-5_30","publisher":"Springer","type":"book_chapter","_id":"5932","publication":"Advanced manufacturing and sustainable logistics : proceedings / 8th International Heinz Nixdorf Symposium, IHNS 2010, Paderborn","title":"Modelling post-carriage transport costs in groupage networks","publication_status":"published","date_created":"2021-05-19T07:26:49Z","language":[{"iso":"eng"}],"citation":{"chicago-de":"Boone, Nicholas und Tim Quisbrock. 2011. Modelling post-carriage transport costs in groupage networks. In: <i>Advanced manufacturing and sustainable logistics : proceedings / 8th International Heinz Nixdorf Symposium, IHNS 2010, Paderborn</i>, 332–344. Berlin: Springer. doi:<a href=\"https://doi.org/doi.org/10.1007/978-3-642-12494-5_30,\">doi.org/10.1007/978-3-642-12494-5_30,</a> .","ufg":"<b>Boone, Nicholas/Quisbrock, Tim (2011)</b>: Modelling post-carriage transport costs in groupage networks, in: <i>Advanced manufacturing and sustainable logistics : proceedings / 8th International Heinz Nixdorf Symposium, IHNS 2010, Paderborn</i>, Berlin, S. 332–344.","apa":"Boone, N., &#38; Quisbrock, T. (2011). Modelling post-carriage transport costs in groupage networks. In <i>Advanced manufacturing and sustainable logistics : proceedings / 8th International Heinz Nixdorf Symposium, IHNS 2010, Paderborn</i> (pp. 332–344). Berlin: Springer. <a href=\"https://doi.org/doi.org/10.1007/978-3-642-12494-5_30\">https://doi.org/doi.org/10.1007/978-3-642-12494-5_30</a>","mla":"Boone, Nicholas, and Tim Quisbrock. “Modelling Post-Carriage Transport Costs in Groupage Networks.” <i>Advanced Manufacturing and Sustainable Logistics : Proceedings / 8th International Heinz Nixdorf Symposium, IHNS 2010, Paderborn</i>, Springer, 2011, pp. 332–44, doi:<a href=\"https://doi.org/doi.org/10.1007/978-3-642-12494-5_30\">doi.org/10.1007/978-3-642-12494-5_30</a>.","short":"N. Boone, T. Quisbrock, in: Advanced Manufacturing and Sustainable Logistics : Proceedings / 8th International Heinz Nixdorf Symposium, IHNS 2010, Paderborn, Springer, Berlin, 2011, pp. 332–344.","havard":"N. Boone, T. Quisbrock, Modelling post-carriage transport costs in groupage networks, in: Advanced Manufacturing and Sustainable Logistics : Proceedings / 8th International Heinz Nixdorf Symposium, IHNS 2010, Paderborn, Springer, Berlin, 2011: pp. 332–344.","chicago":"Boone, Nicholas, and Tim Quisbrock. “Modelling Post-Carriage Transport Costs in Groupage Networks.” In <i>Advanced Manufacturing and Sustainable Logistics : Proceedings / 8th International Heinz Nixdorf Symposium, IHNS 2010, Paderborn</i>, 332–44. Berlin: Springer, 2011. <a href=\"https://doi.org/doi.org/10.1007/978-3-642-12494-5_30\">https://doi.org/doi.org/10.1007/978-3-642-12494-5_30</a>.","din1505-2-1":"<span style=\"font-variant:small-caps;\">Boone, Nicholas</span> ; <span style=\"font-variant:small-caps;\">Quisbrock, Tim</span>: Modelling post-carriage transport costs in groupage networks. In: <i>Advanced manufacturing and sustainable logistics : proceedings / 8th International Heinz Nixdorf Symposium, IHNS 2010, Paderborn</i>. Berlin : Springer, 2011, S. 332–344","bjps":"<b>Boone N and Quisbrock T</b> (2011) Modelling Post-Carriage Transport Costs in Groupage Networks. <i>Advanced Manufacturing and Sustainable Logistics : Proceedings / 8th International Heinz Nixdorf Symposium, IHNS 2010, Paderborn</i>. Berlin: Springer, pp. 332–344.","ama":"Boone N, Quisbrock T. Modelling post-carriage transport costs in groupage networks. In: <i>Advanced Manufacturing and Sustainable Logistics : Proceedings / 8th International Heinz Nixdorf Symposium, IHNS 2010, Paderborn</i>. Berlin: Springer; 2011:332-344. doi:<a href=\"https://doi.org/doi.org/10.1007/978-3-642-12494-5_30\">doi.org/10.1007/978-3-642-12494-5_30</a>","van":"Boone N, Quisbrock T. Modelling post-carriage transport costs in groupage networks. In: Advanced manufacturing and sustainable logistics : proceedings / 8th International Heinz Nixdorf Symposium, IHNS 2010, Paderborn. Berlin: Springer; 2011. p. 332–44.","ieee":"N. Boone and T. Quisbrock, “Modelling post-carriage transport costs in groupage networks,” in <i>Advanced manufacturing and sustainable logistics : proceedings / 8th International Heinz Nixdorf Symposium, IHNS 2010, Paderborn</i>, Berlin: Springer, 2011, pp. 332–344."},"place":"Berlin","publication_identifier":{"isbn":["978-3-642-12461-7"],"eisbn":["978-3-642-12494-5"]},"author":[{"first_name":"Nicholas","full_name":"Boone, Nicholas","last_name":"Boone","id":"24251"},{"id":"24033","last_name":"Quisbrock","full_name":"Quisbrock, Tim","first_name":"Tim"}]}]