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» Dynamic Pricing with a Prior on Market Response
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69
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IOR
2010
99views more  IOR 2010»
14 years 8 months ago
Dynamic Pricing with a Prior on Market Response
We study a problem of dynamic pricing faced by a vendor with limited inventory, uncertain about demand, aiming to maximize expected discounted revenue over an infinite time horiz...
Vivek F. Farias, Benjamin Van Roy
ATAL
2008
Springer
15 years 5 days ago
The effects of market-making on price dynamics
This paper studies price properties in continuous double-auction markets in the presence of marketmakers, agents with special responsibilities for maintaining liquidity and orderl...
Sanmay Das
87
Voted
SIGECOM
2004
ACM
132views ECommerce» more  SIGECOM 2004»
15 years 3 months ago
A dynamic pari-mutuel market for hedging, wagering, and information aggregation
I develop a new mechanism for risk allocation and information speculation called a dynamic pari-mutuel market (DPM). A DPM acts as hybrid between a pari-mutuel market and a contin...
David M. Pennock
SODA
2012
ACM
278views Algorithms» more  SODA 2012»
13 years 18 days ago
Beyond myopic best response (in Cournot competition)
A Nash Equilibrium is a joint strategy profile at which each agent myopically plays a best response to the other agents’ strategies, ignoring the possibility that deviating fro...
Amos Fiat, Elias Koutsoupias, Katrina Ligett, Yish...
87
Voted
IOR
2011
96views more  IOR 2011»
14 years 5 months ago
On the Minimax Complexity of Pricing in a Changing Environment
We consider a pricing problem in an environment where the customers’ willingness-to-pay (WtP) distribution may change at some point over the selling horizon. Customers arrive se...
Omar Besbes, Assaf J. Zeevi