Pricing with uncertain customer valuations
نویسندگان
چکیده
منابع مشابه
Multidimensional monopolist pricing problem with uncertain valuations
We consider the problem of revenue maximization by a monopolist selling a set of substitutable goods to an unit-demand buyer of uncertain type. The Bayesian variant of this problem has received much interest in the computer science and economics communities in the past years. Here we assume that no distribution of buyer’s type is known. We consider the problem of finding robust solutions in the...
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متن کاملPriority Pricing in Queues with a Continuous Distribution of Customer Valuations
We consider a service provider facing a continuum of delay-sensitive strategic customers. The service provider maximizes revenue by charging customers for the privilege of joining an M/G/1 queue and assigning them service priorities. Each customer has a valuation for the service, with a waiting cost per unit time that is proportional to their valuation; customer types are drawn from a continuou...
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In this paper we consider the problem of efficiently allocating a given resource or object repeatedly over time. The agents, who may temporarily receive access to the resource, learn more about its value through its use. When the agents’ beliefs about their valuations at any given time are public information, this problem reduces to the classic multi-armed bandit problem, the solution to which ...
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ژورنال
عنوان ژورنال: Journal of Revenue and Pricing Management
سال: 2008
ISSN: 1476-6930,1477-657X
DOI: 10.1057/rpm.2008.4