We consider pricing problems when customers choose according to the generalized extreme value (GEV) models and the products have the same price sensitivity parameter. First, we consider the static pricing problem, where we maximize the expected profit obtained from each customer. We show that...

We consider a service system with two competing firms offering service via different pricing and service rules. With the fixed-price firm, customers obtain service at a fixed price, and have homogeneous expected waiting times. With the bid-based firm, customers submit a bid to obtain service,...

We consider the problem of optimally allocating the seats on a single flight leg to the demands from multiple fare classes that arrive sequentially. It is well-known that the optimal policy for this problem is characterized by a set of protection levels. In this paper, we develop a new...

For network revenue management problems, it is known that the bid prices computed through the so-called deterministic linear program are asymptotically optimal as the capacities on the flight legs and the expected numbers of product requests increase linearly with the same rate. In this paper,...