Learning buyers' valuation distribution in posted-price selling

DOI10.1007/S001990050301MaRDI QIDQ1306644zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

Learning.Posted-price sellingPrice determination

Mathematics Subject Classification ID

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

Recommendations

• Learning about the arrival of sales
• Optimal pricing against a simple learning rule
• Dynamic pricing with Bayesian demand learning and reference price effect
• Dynamic pricing in the presence of individual learning
• Dynamic Mechanism Design for Online Commerce

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

This page was built for publication: Learning buyers' valuation distribution in posted-price selling

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1306644)