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Bayesian-optimal pricing (BO pricing) is a kind of algorithmic pricing in which a seller determines the sell-prices based on probabilistic assumptions on the valuations of the buyers. It is a simple kind of a Bayesian-optimal mechanism , in which the price is determined in advance without collecting actual buyers' bids.
Auction theory is a tool used to inform the design of real-world auctions. Sellers use auction theory to raise higher revenues while allowing buyers to procure at a lower cost. The confluence of the price between the buyer and seller is an economic equilibrium.
RuneScape: Active 3D Medieval fantasy Freemium, but with bulk of content pay-to-play 2001 Standalone & Steam RuneScape has been developed continuously since 2001. It is sometimes referred to as RuneScape 3 to distinguish it from Old School RuneScape, which was forked from its 2007 version in 2013. Rusty Hearts: Closed 3D Fantasy Free-to-play ...
Direct segmentation: seller conditions price on some attribute (e.g., age or gender) that directly segments the buyers; Indirect segmentation: seller relies on some proxy (e.g., package size, usage quantity, coupon) to structure a choice that indirectly segments the buyers; Uniform pricing: seller sets a single price for each unit of the product.
The item for sale may not be sold if the final bid is not high enough to satisfy the seller, that is, the seller reserves the right to accept or reject the highest bid. If the seller announces to the bidders the reserve price, it is a public reserve price auction. [ 8 ]
Gold farming is the practice of playing a massively multiplayer online game (MMO) to acquire in-game currency, later selling it for real-world money. [1] [2] [3]Gold farming is distinct from other practices in online multiplayer games, such as power leveling, as gold farming refers specifically to harvesting in-game currency, not rank or experience points.
In valuing a mining project or mining property, fair market value is the standard of value to be used. In general, [ 23 ] this result will be a function of the property's "reserve" - the estimated size and grade of the deposit in question - and the complexity and costs of extracting this.
A mining feasibility study is an evaluation of a proposed mining project to determine whether the mineral resource can be mined economically. There are three types of feasibility study used in mining, order of magnitude , preliminary feasibility and detailed feasibility.