Know your TRP (total resistance point): This is the point, also sometimes referred to as the reservation price
, where you are indifferent between saying yes and invoking your alternative.
A greater-than-proportional increase in uncompensated benefits suggests that something like an evolutionarily stable equilibrium in network markets may be possible, even though some users have a lower reservation price
for the good's compensated benefits.
Then, based on the benchmark model, the reservation price
models considering the LSI's fairness concerns are established; that is, two decentralized models are established under disadvantageous inequality and advantageous inequality, respectively.
In the auction tranche, the reservation price
(minimum acceptable bid) is based on the formula price.
Buyers prefer lower prices, but will purchase a good if the lowest price they can fetch is still below their reservation price
We expect price rises to moderate in the medium term, particularly in prime areas, as the market price moves closer to tenants' reservation price
The maximum reservation price
any customers have for the product is [V.
For two separate products A and B, asymmetry occurs when one segment of buyers has a relatively higher reservation price
for A, while the other segment has a higher reservation price
Gas, insurance and 180 miles per day are included in the reservation price
for these vehicles.
The most important references are the negotiator's reservation price
, the aspiration price and the initial price offering, as we discuss further in the following section.
Of-ten they enter the negotiation with no clear understanding of their reservation price
, stretch goal and most likely outcome.
In the case of no outside options for either the upstream or downstream firms, the downstream reservation price
is just the average cost of producing [X.