On the Efficacy of Static Prices for Revenue Management in the Face of Strategic Customers
The present paper considers a canonical revenue management problem wherein a monopolist seller seeks to maximize revenues from selling a fixed inventory of a product to customers who arrive over time. We assume that customers are forward looking and strategize on the timing of their purchase, an emp...
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| Format: | Article |
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ACM Press
2020
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| Online Access: | https://hdl.handle.net/1721.1/128486 |