Dynamic Pricing: A learning Approach
We present an optimization approach for jointly learning the demand as a functionof price, and dynamically setting prices of products in an oligopoly environment in order to maximize expected revenue. The models we consider do not assume that the demand as a function of price is known in advance, bu...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | en_US |
| Published: |
Massachusetts Institute of Technology, Operations Research Center
2004
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| Online Access: | http://hdl.handle.net/1721.1/5314 |