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In economics, a price book is a book in which the normal prices of an item are listed for all suppliers. This allows one to determine the lowest price possible. If a group of suppliers adhere to a particular price book, in other words, they set the prices of the price book artificially higher than the market clearing price, then they are "fixing the price" of that item.
A Dutch book or money pump is a set of bets that ensures a guaranteed loss, i.e. the gambler will lose money no matter what happens. [1] A set of beliefs and preferences is called coherent if it cannot result in a Dutch book. The Dutch book arguments are used to explore degrees of certainty in beliefs, and demonstrate that rational agents must ...
Mathematics of bookmaking. In gambling parlance, making a book is the practice of laying bets on the various possible outcomes of a single event. The phrase originates from the practice of recording such wagers in a hard-bound ledger (the 'book') and gives the English language the term bookmaker for the person laying the bets and thus 'making ...
The history of the book became an acknowledged academic discipline in the latter half of the 20th century. It was fostered by William Ivins Jr.'s Prints and Visual Communication (1953) and Henri-Jean Martin and Lucien Febvre's L'apparition du livre (The Coming of the Book: The Impact of Printing, 1450–1800) in 1958 as well as Marshall McLuhan's Gutenberg Galaxy: The Making of Typographic Man ...
Pricing is the process whereby a business sets the price at which it will sell its products and services and may be part of the business's marketing plan. In setting prices, the business will take into account the price at which it could acquire the goods, the manufacturing cost, the marketplace, competition, market condition, brand, and ...
The bargain is a dangerous one, as the price of the fiend's service is the wagerer's soul. For most religions, the tale may have a bad end, with eternal damnation for the foolhardy venturer. Conversely, it may have a comic twist, in which a wily peasant outwits the devil, characteristically on a technical point. The person making the pact ...
Fixed book price (FBP) is a form of resale price maintenance applied to books. It allows publishers to determine the price of a book at which it is to be sold to the public. FBP can take the form of a law, mandatory obligation on all retailers, or an agreement between publishers and booksellers. An example of a fixed book price law is French ...
P/B ratio. The price-to-book ratio, or P/B ratio, (also PBR) is a financial ratio used to compare a company's current market value to its book value (where book value is the value of all assets minus liabilities owned by a company). The calculation can be performed in two ways, but the result should be the same.