Pricing is central to many industries and academic disciplines ranging from Operations Research to Computer Science and Economics. In the present paper, we study data-driven optimal pricing in low informational environments. We analyze the following fundamental problem: how should a...

We study the following fundamental data-driven pricing problem. How can/should a decision-maker price its product based on observations at a single historical price? The decision-maker optimizes over (potentially randomized) pricing policies to maximize the worst-case ratio of the revenue it can...

Auctions are widely used in practice. While also extensively studied in the literature, most of the developments rely on the significant common prior assumption. We study the design of optimal prior-independent selling mechanisms: buyers do not have any information about their competitors and...

We study a firm's optimal pricing policy under price commitment. The firm's objective is to maximize its long-term average revenue given a steady arrival of strategic customers. In particular, customers arrive over time, are strategic in timing their purchases and are heterogeneous along two...

Problem definition. Motivated by the debate around drivers' welfare in on-demand transportation, we propose a framework to evaluate current practices and also possible alternatives. We study a setting in which riders seek drivers and a platform facilitates such matches over the course of the...

In this work, we study data-driven decision-making and depart from the classical identically and independently distributed (i.i.d.) assumption. We present a new framework in which historical samples are generated from unknown and different distributions, which we dub heterogeneous environments....

Many factors introduce the prospect of changes in the demand environment that a firm faces, with the specifics of such changes not necessarily known in advance. If and when realized, such changes affect the delicate balance between demand and supply and thus current prices should account for...