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Many firms are selling different types of products. Typically sales applications are characterized by competitive settings, limited information and substitution effects. The demand intensities of single types of products are affected by the own products as well as the products of competitors....
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Over the last decades, dynamic pricing has become increasingly popular. To solve pricing problems, however, is particularly challenging if the customers' and competitors' behavior are both strategic and unknown. Reinforcement Learning (RL) methods are promising for solving such dynamic problems...
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