Results 1 to 10 of about 6,294,057 (315)
Distribution-Free Contextual Dynamic Pricing [PDF]
Mathematics of Operations Research, 2021 Contextual dynamic pricing aims to set personalized prices based on sequential interactions with customers. At each time period, a customer who is interested in purchasing a product comes to the platform. The customer’s valuation for the product is a linear function of contexts, including product and customer features, plus some random market noise ...
Yiyun Luo, Will Wei Sun, Yufeng Liu
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Dynamic pricing strategies towards strategic consumers under demand learning. [PDF]
PLoS ONEThis study considers a two-stage dynamic pricing framework with demand learning, where a seller sells a finite number of products to strategic consumers in an uncertain market.
Meixian Tang +4 more
doaj +2 more sources
Impact of Accurate Detection of Freeway Traffic Conditions on the Dynamic Pricing: A Case Study of I-95 Express Lanes [PDF]
Sensors, 2021 Express lanes (ELs) implementation is a proven strategy to deal with freeway traffic congestion. Dynamic toll pricing schemes effectively achieve reliable travel time on ELs.
Suhaib Alshayeb +3 more
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Energies, 2022 The high penetration of electric vehicles (EVs) will burden the existing power delivery infrastructure if their charging and discharging are not adequately coordinated.
Qin Chen, K. Folly
semanticscholar +1 more source
Dynamic Pricing for the Open Online Ticket System: A Surrogate Modeling Approach
Smart Cities, 2023 Dynamic pricing is frequently used in online marketplaces, ticket sales, and booking systems. The commercial principles of dynamic pricing systems are often kept secret; however, their application causes complex changes in human behavior.
Elizaveta Stavinova +4 more
doaj +1 more source
Dynamic pricing under competition using reinforcement learning
Journal of Revenue and Pricing Management, 2021 Dynamic pricing is considered a possibility to gain an advantage over competitors in modern online markets. The past advancements in Reinforcement Learning (RL) provided more capable algorithms that can be used to solve pricing problems.
Alexander Kastius, R. Schlosser
semanticscholar +1 more source
Price Points and Price Dynamics [PDF]
SSRN Electronic Journal, 2018 Abstract A standard model of price-setting is extended to include an important role for price points as well as sticky information. It makes empirically reasonable predictions about the frequency of price adjustments, the sizes of price increases and decreases, the shape of the hazard function, the fraction of price changes that are price increases ...
Hahn, Volker, Marencak, Michal
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Value creation in an algorithmic world: Towards an ethics of dynamic pricing
Journal of business research, 2022 Choice of pricing strategy plays a central role in value creation and the effective functioning of markets. Shifts in technology and the growing availability of data are facilitating ever more innovative forms of pricing strategy.
Daniel Nunan, MariaLaura Di Domenico
semanticscholar +1 more source
The Welfare Effects of Dynamic Pricing: Evidence from Airline Markets
Social Science Research Network, 2021 Airfares fluctuate due to demand shocks and intertemporal variation in willingness to pay. I estimate a model of dynamic airline pricing accounting for both sources of price adjustments using flight‐level data.
Kevin R. Williams
semanticscholar +1 more source
Dynamic price competition [PDF]
Journal of Economic Theory, 2006 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Bergemann, Dirk, Välimäki, Juuso
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