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And the motivation to finally start utilizing dynamic pricing was borne from teams trying to enhance pricing efficiencies.
There is so much potential that can be unlocked by liberating us from mundane shopping tasks -- not to mention realizing significant pricing efficiencies by enabling robots to precisely match our needs with the best available prices.
Despite Mr. Bowen's warnings, however, Citigroup proceeded with the acquisition and in fact touted it, stating that "[t]hrough this acquisition, we gain important operational and pricing efficiencies... from point of origination through securitization and servicing".
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The commission said that could "potentially lessen some of the benefits of legitimate short-selling, including market liquidity and pricing efficiency," and asked for comment on whether that was likely.
Chinese scholars Xiaohua et al. (2006) empirically researched national IPO pricing efficiency in different periods and concluded that national issuings through bookbuilding offers higher pricing efficiency than that of fixed price.
Literature that conducts theoretical research on IPO pricing efficiency under different pricing mechanisms from the perspective of non-homogenous expectations of investors, to our knowledge, does not exist.
Huang Ge and Lin (2011) started with the relation between behavior patterns of institutional investors and the pricing efficiency of the capital market, and used shareholding data of securities investment funds to empirically study the influence of funds shareholding behavior and shareholding changes on the pricing efficiency of the capital market.
2) Foreign scholars explain IPO high underpricing from the perspective of non-homogenous expectations of investors, but fail to theoretically explain IPO pricing efficiency under different issuing mechanisms from the perspective of non-homogenous expectations of investors.
Liao (2010) took constituent stock from the SSE 50 index as a study sample and discussed the pricing efficiency of stock from the perspective of the specific information content in individual stocks.
The proponents of both models on the right believe their inherent pricing efficiency would drive the marketplace to very high deductible insurance plans while converting routine medical care to a cash-and-carry system.
In theory, these price efficiencies could be passed to consumers.
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