Learning and pricing with models that do not explicitly incorporate competition

DOI10.1287/OPRE.2014.1341MaRDI QIDQ3195232zbMATH OpenOpenAlexFDO

Authors William L. Cooper, Tito Homem-De-Mello, Anton J. Kleywegt

Publication date 22 October 2015

Published in Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/opre.2014.1341

zbMATH Keywords

competitionmisspecificationparameter estimationpricingrevenue management

Mathematics Subject Classification ID

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

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Cites work

• A Convergent Adjustment Process for Firms in Competition
• A model of general equilibrium with monopolistic behavior
• A PRICE ADJUSTMENT PROCESS IN A MODEL OF MONOPOLISTIC COMPETITION
• A stochastic approximation method for the single-leg revenue management problem with discrete demand distributions
• Competitive multi-period pricing for perishable products: a robust optimization approach
• Convergence of Bayesian learning to general equilibrium in mis-specified models.
• Dynamic pricing in the presence of strategic consumers and oligopolistic competition
• Dynamic pricing under a general parametric choice model
• Dynamic pricing without knowing the demand function: risk bounds and near-optimal algorithms
• Models of the Spiral-Down Effect in Revenue Management
• Newsvendor-type models with decision-dependent uncertainty
• On the stability of price-adjusting oligopolies with incomplete information
• Relative Entropy, Exponential Utility, and Robust Dynamic Pricing
• Revenue management games: horizontal and vertical competition
• Revenue management without forecasting or optimization: an adaptive algorithm for determining airline seat protection levels

Cited in

(8)

• Non-cooperative competition among revenue maximizing service providers with demand learning
• Decision-based model selection
• Autonomous and induced production learning under price and quality competition
• Tracking the market: dynamic pricing and learning in a changing environment
• Learning and Price Discovery in a Search Market
• Cross-estimation for decision selection
• Collusion by mistake: does algorithmic sophistication drive supra-competitive profits?
• Algorithmic decision-making safeguarded by human knowledge

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