lowball

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Lowball

1. Of or related to the low cost of a good, service, or security. A lowball cost is determined by comparing the cost to similar goods, services, and securities. Lowball costs may indicate a low quality in the good, service, or security.

2. Informal; to make an offer to buy something for an exceptionally low price. For example, if the asking price on a house is $200,000, a potential buyer may lowball the seller by offering $125,000.

lowball

Of, relating to, or being an unrealistically low bid. Compare pricey.
References in periodicals archive ?
The necessary, subsequent adjustments stimulated by actual loss experience then would give the appearance of price highballing or lowballing.
2] is consistent with the price lowballing pattern suggested by the no-commitment models of Kunreuther and Pauly (1985) and Nilssen (2000).
The price highballing models imply a negative relation between profitability and policy age, while lowballing models indicate a positive relation.
The opposite is true with price lowballing as the marginal effect of policy age on loss ratios should be a declining function of policy age.
So while loss ratios rise over time because of the rightward shift in the probability distribution of LTC losses discussed previously, they do so at a decreasing rate, which suggests price lowballing.
2], indicate a profit pattern consistent with price lowballing in five of the six specifications.
We conclude that this finding provides evidence of downward price stickiness, which is consistent with price lowballing.
Specifically, models built upon assumptions of commitment or semicommitment by sellers to long-term policies imply temporal price highballing while those for which sellers make no long-term commitments indicate a lowballing pattern.
Such downward price stickiness is indicative of insurers' ability to capture rents over time using a price lowballing strategy.
Our findings provide at least preliminary evidence that adverse selection produces price lowballing in relatively, new innovative markets that is not unlike what some have observed in the very mature auto property insurance markets, however.
The uncertainty markets contain evidence of auditors lowballing on initial engagements over all periods; the mean new auditor price of 32.
The effects of lowballing on audit quality: An experimental markets study.