Dynamic Pricing under Cost Reduction in the Presence of Myopic and Strategic Consumers

Table 2

Expected minimum profit under different unit cost of TA.

	range
	0.01	0.1	0.2	0.3	0.4	0.5	0.6	0.7	0.8	0.9	0.99
	NA	NA	NA	NA	NA	1	0.67	0.43	0.25	0.11	0.01
	range
	0.99	0.91	0.83	0.77	0.71	0.67	0.63	0.59	0.56	0.53	0.5
	0.01	0.1	0.2	0.3	0.4	0.5	0.6	0.7	0.8	0.9	0.99

NA: out of range (0,1).
Numbers in italics: values approaching boundary.