Abstract and Applied Analysis / 2016 / Article / Fig 2

Research Article

Pricing Strategy versus Heterogeneous Shopping Behavior under Market Price Dispersion

Figure 2

Probability density functions of prices and output from the analysis in Section 4.1 for GED distribution with varying shape (from blue () to red (, quasiuniform)) and the rest of parameters as in the benchmark case (); see Table 2.
(a) Probability density functions
(b) Profits versus prices