Learning buyers' valuation distribution in posted-price selling

DOI10.1007/S001990050301zbMATH Open1078.91529OpenAlexW2003399069MaRDI QIDQ1306644FDOQ1306644

Authors: Yongmin Chen, Ruqu Wang 

Publication date: 1999

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://ageconsearch.umn.edu/record/273387/files/qed_wp_953.pdf

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zbMATH Keywords

Learning.Posted-price sellingPrice determination

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

Cited In (6)

• Convergence of Bayesian learning to general equilibrium in mis-specified models.
• Optimal search, learning and implementation
• Optimal allocation of an opaque product with consumer learning
• Dynamic Pricing Using Thompson Sampling with Fuzzy Events
• Posted pricing vs. bargaining in sequential selling process
• Dynamic pricing in the presence of individual learning

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