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Showing 1 to 1 of 1 for “"cancellation and refund"”.
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Dynamic Pricing with Early Cancellation and Resale
… than his/her reservation price, or leaves empty-handed. After purchasing the item, some customers, however, will return the item to the seller at an exponential rate for a full refund. We assume that a returned item is in mint condition and the seller can resell it to future customers. The …