Dynamic Pricing Based on Strategic Consumers and Substitutes in a Duopoly Setting

Table 1

Consumers’ preferences and the market shares in terms of valuation.

Valuation	Purchasing states	Market share
𝑣1≤𝑣≺𝑈	𝐴^1	𝑁(𝑈−𝑣1)/𝑈
𝑣2≤𝑣≺𝑣1	𝐴^2	𝑁(𝑣1−𝑣2)/𝑈
𝑣3≤𝑣≺𝑣2	𝐵^1	𝑁(𝑣2−𝑣3)/𝑈
𝑣4≤𝑣≺𝑣3	𝐵^2	𝑁(𝑣3−𝑣4)/𝑈
0≤𝑣≺𝑣4	—	—