Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10010528619
Traditional monopoly pricing models assume that firms have full information about the market demand and consumer preferences. In this article, we study a prototypical monopoly pricing problem for a seller with limited market information and different levels of demand learning capability under...
Persistent link: https://www.econbiz.de/10013119420
Traditional monopoly pricing models assume that firms have full information about the market demand and consumer preferences. In this paper we study a prototypical monopoly pricing problem for a seller with limited market information and different levels of demand learning capability under...
Persistent link: https://www.econbiz.de/10013121001
We propose a tractable, data-driven demand estimation procedure based on the use maximum entropy (ME) distributions, and apply it a stochastic capacity control problem motivated from airline revenue management. Specifically, we study the two fare-class "Littlewood" problem in a setting where the...
Persistent link: https://www.econbiz.de/10013121004
We propose a tractable, data-driven demand estimation procedure based on the use maximum entropy (ME) distributions, and apply it to a stochastic capacity control problem motivated from airline revenue management. Specifically, we study the two fare-class "Littlewood" problem in a setting where...
Persistent link: https://www.econbiz.de/10013054829
Problem Definition: Motivated by ride-hailing platforms such as Uber, Lyft and Didi, we study the problem of matching riders with self-interested drivers over a spatial network. We focus on the performance impact of two operational platform controls---demand-side admission control and...
Persistent link: https://www.econbiz.de/10011897914