Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10013366459
We consider the problem faced by a firm that receives highly differentiated products in an online fashion. The firms needs to price these products to sell them to its customer base. Products are described by vectors of features and the market value of each product is linear in the values of the...
Persistent link: https://www.econbiz.de/10013242948
Persistent link: https://www.econbiz.de/10012390750
We study revenue maximization through sequential posted-price (SPP) mechanisms in single-dimensional settings with n buyers and independent but not necessarily identical value distributions. We construct the SPP mechanisms by considering the best of two simple pricing rules: one that imitates...
Persistent link: https://www.econbiz.de/10012828278
Persistent link: https://www.econbiz.de/10013260192
Dynamic mechanisms offer powerful techniques to improve on both revenue and efficiency by linking sequential auctions using state information, but these techniques rely on exact distributional information of the buyers' valuations (present and future), which limits their use in learning...
Persistent link: https://www.econbiz.de/10012868691
Persistent link: https://www.econbiz.de/10012523497