A common phenomena in modern recommendation systems is the use of feedback from one user to infer the ‘value’ of an item to other users. This results in an exploration vs. exploitation trade-off, in which items of possibly low value have to be presented to users in order to ascertain their...

We study a game of price competition amongst firms selling homogeneous goods defined by the property that a firm's revenue is independent of any competing prices that are strictly lower. This property is induced by any customer choice model involving utility-maximizing choice from an adaptively...

The rising prevalence of algorithmic pricing in industry calls for a closer study of market outcomes that arise when these algorithms interact in a competitive environment. In this paper, we study the impact of boundedly rational customer choice on the landscape of joint demand curves in...