In this book the worlds foremost experts on pricing integrate theoretical rigor and practical application to present a comprehensive resource that covers all areas of the field. This volume brings together quantitative and qualitative approaches and highlights the most current innovations in theory and practice.ampnbsp ampnbspGoing beyond the traditional constraints of price theory and price policy the authors coined the term price management to represent a holistic approach to pricing strategy and tactical implementation.ampnbsp They remind us that the Ancient Romans used one word pretium to mean both price and value.ampnbsp This is the fundamental philosophy that drives successful price management where producer and customer meet.ampnbsp ampnbspFeaturing dozens of examples and case studies drawn from their extensive research consulting and teaching around the world Simon and Fassnacht cover all aspects of pricing following the price management process with its four phases strategy analysis decision and implementation. Thereby the authors take into account the nuances across industry sectors including consumer goods industrial products services and tradedistribution. In particular they address the implications of technological advancements such as the Internet and new measurement and sensor technologies that have led to a wealth of price management innovations such as flat rates freemium payperuse or paywhatyouwant. They also address the emergence of new price metrics Big Data applications twosided price systems negative prices and the sharing economy as well as emerging payment systems such as bitcoin. ampnbsp The result is a bible for leaders who recognize that price is not only a means to drive profit in the short term but a tool to generate sustained growth in shareholder value over the longer term and a primer for researchers instructors and students alike.Praise for Price ManagementThis book is truly state of the art and the most comprehensive work in price m