Towards information-based economies
Journal of Information Science
Information rules: a strategic guide to the network economy
Information rules: a strategic guide to the network economy
Managing Experimentation in the Design of New Products
Management Science
Communications of the ACM
Bundling and Competition on the Internet
Marketing Science
Searching dynamically bundled goods with pairwise relations
Proceedings of the 4th ACM conference on Electronic commerce
Pricing Strategies for Information Products: A Review
CEC-EAST '04 Proceedings of the E-Commerce Technology for Dynamic E-Business, IEEE International Conference
Decision Support Systems - Special issue: Economics and information systems
A Decision Procedure for Bundle Purchasing with Incomplete Information on Future Prices
International Journal of Electronic Commerce
Dynamic Pricing on the Internet: Importance and Implications for Consumer Behavior
International Journal of Electronic Commerce
Information Goods and Vertical Differentiation
Journal of Management Information Systems
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The information economy engenders consideration of certain issues such as information goods cost/pricing, technology infrastructure, and information policy in the era of knowledge economy. Due to the unique cost structure and product characteristics of information goods, conventional pricing strategies are unfeasible, and a differential pricing strategy is crucial. Nevertheless, few models exist for pricing information goods in the e-service industry. This study proposes a novel collaborative pricing model in which customers are active participants in determining product prices and adopt prices and services that meet their changing needs. This study also shows that the collaborative pricing model generates an optimal bundle price at equilibrium with optimal profit and utility. Theoretical proofs and practical implications justify this pricing model, which is essential for future information goods pricing in the information economy.