The classical problem of the monopolist faced with an unknown demand curve is considered in a simple stochastic setting. Sequential pricing strategies designed to maximize discounted profits are shown to converge sufficiently rapidly that they leave the monopolist ignorant about all but the most...

From its inception, demand estimation has faced the problem of "many prices." While some aggregation across goods is always necessary, the problem of many prices remains even after aggregation. Although objects of interest may mostly depend on a few prices, many prices should be included to...

The classical problem of the monopolist faced with an unknown demand curve is considered in a simple stochastic setting. Sequential pricing strategies designed to maximize discounted profits are shown to converge sufficiently rapidly that they leave the monopolist ignorant about all but the most...

From its inception, demand estimation has faced the problem of "many prices." While some aggregation across goods is always necessary, the problem of many prices remains even after aggregation. Although objects of interest may mostly depend on a few prices, many prices should be included to...