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Table 1 Prices and profits when X 0=X 1=X with X=a 0+G and GGa(α,β)

From: Optimal two-stage pricing strategies from the seller’s perspective under the uncertainty of buyer’s decisions

α

β

σ G

Π(p 0,max,p 1,max)

p 0,max

p 1,max

\(\Pi (p^{\max }_{0},p^{\max }_{1})\)

\(p^{\max }_{0}\)

\(p^{\max }_{1}\)

100

2

5

238.3249

238.3686

232.1596

243.6800

246.8699

236.3763

25

0.5

10

229.9880

230.1152

220.5280

238.4024

244.7218

226.8302

6.25

0.125

20

217.1578

217.3732

206.2535

229.8237

241.8907

213.1633

2.78

0.056

30

207.4594

207.5638

200.5773

223.6389

240.9744

204.4544