The power of simple menus in robust selling mechanisms
S Wang - Management Science, 2024 - pubsonline.informs.org
We study a robust selling problem where a seller attempts to sell one item to a buyer but is
uncertain about the buyer's valuation distribution. The existing literature shows that robust …
uncertain about the buyer's valuation distribution. The existing literature shows that robust …
Fast revenue maximization
Problem definition: We study a data-driven pricing problem in which a seller offers a price for
a single item based on demand observed at a small number of historical prices. Our goal is …
a single item based on demand observed at a small number of historical prices. Our goal is …
Distributional robustness: From pricing to auctions
N Bachrach, I Talgam-Cohen - arxiv preprint arxiv:2205.09008, 2022 - arxiv.org
Robust mechanism design is a rising alternative to Bayesian mechanism design, which
yields designs that do not rely on assumptions like full distributional knowledge. We apply …
yields designs that do not rely on assumptions like full distributional knowledge. We apply …
Distribution-free expectation operators for robust pricing and stocking with heavy-tailed demand
We obtain distribution-free bounds for various fundamental quantities used in probability
theory by solving optimization problems that search for extreme distributions among all …
theory by solving optimization problems that search for extreme distributions among all …
Separation in distributionally robust monopolist problem
We consider a monopoly pricing problem, where a seller has multiple items to sell to a
single buyer, only knowing the distribution of the buyer's value profile. The seller's goal is to …
single buyer, only knowing the distribution of the buyer's value profile. The seller's goal is to …
Distributionally robust optimal allocation with costly verification
We consider the mechanism design problem of a principal allocating a single good to one of
several agents without monetary transfers. Each agent desires the good and uses it to create …
several agents without monetary transfers. Each agent desires the good and uses it to create …
Robust Pricing with Consumer Search
This study investigates a seller's revenue-maximizing pricing decision when faced with a
representative customer capable of direct purchase or purchase following a costly search …
representative customer capable of direct purchase or purchase following a costly search …
Semi-Separable Mechanisms in Multi-Item Robust Screening
S Wang - arxiv preprint arxiv:2408.13580, 2024 - arxiv.org
It is generally challenging to characterize the optimal selling mechanism even when the
seller knows the buyer's valuation distributions in multi-item screening. An insightful and …
seller knows the buyer's valuation distributions in multi-item screening. An insightful and …
Mitigating supply risk with limited information: Emergency supply and responsive pricing
G **ng, Z Chen, Y Zhong… - Production and Operations …, 2022 - Wiley Online Library
We investigate the implications and interplay of emergency supply and responsive pricing—
two effective strategies to mitigate supply risk—in response to yield randomness with limited …
two effective strategies to mitigate supply risk—in response to yield randomness with limited …
Distributionally robust monopoly pricing: Switching from low to high prices in volatile markets
Traditional monopoly pricing assumes sellers have full information about consumer
valuations. We consider monopoly pricing under limited information, where a seller only …
valuations. We consider monopoly pricing under limited information, where a seller only …