Probabilistic model of optimal price search on the retail core banking services market
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F12%3A50000423" target="_blank" >RIV/62690094:18450/12:50000423 - isvavai.cz</a>
Result on the web
<a href="http://www.naun.org/wseas/cms.action?id=2821" target="_blank" >http://www.naun.org/wseas/cms.action?id=2821</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Probabilistic model of optimal price search on the retail core banking services market
Original language description
The paper is focused on the Stigler?s model adjustment for the purpose of modeling the price information asymmetry on the small market. As a case study using this model there is used own research of retail core banking services market for physical entities in the Czech Republic. The demand on this market carries the impacts of the price information asymmetry. Our model shows that more than 50 % of account suitable for the mainstream client profile can be replaced by cheaper one even under the influenceof information asymmetry.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
International journal of mathematical models and methods in applied sciences
ISSN
1998-0140
e-ISSN
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Volume of the periodical
6
Issue of the periodical within the volume
2
Country of publishing house
US - UNITED STATES
Number of pages
8
Pages from-to
386-393
UT code for WoS article
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EID of the result in the Scopus database
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