Dynamic mechanism design: An introduction
D Bergemann, J Välimäki - Journal of Economic Literature, 2019 - aeaweb.org
We provide an introduction to the recent developments of dynamic mechanism design, with
a primary focus on the quasilinear case. First, we describe socially optimal (or efficient) …
a primary focus on the quasilinear case. First, we describe socially optimal (or efficient) …
Revenue management with forward-looking buyers
S Board, A Skrzypacz - Journal of Political Economy, 2016 - journals.uchicago.edu
A seller wishes to sell multiple goods by a deadline, for example, the end of a season.
Potential buyers enter over time and can strategically time their purchases. Each period, the …
Potential buyers enter over time and can strategically time their purchases. Each period, the …
Dynamic airline pricing and seat availability
K Williams - 2020 - papers.ssrn.com
Airfares fluctuate over time due to both demand shocks and intertemporal variation in
willingness to pay. I develop and estimate a model of dynamic airline pricing accounting for …
willingness to pay. I develop and estimate a model of dynamic airline pricing accounting for …
The welfare effects of dynamic pricing: Evidence from airline markets
KR Williams - Econometrica, 2022 - Wiley Online Library
Airfares fluctuate due to demand shocks and intertemporal variation in willingness to pay. I
estimate a model of dynamic airline pricing accounting for both sources of price adjustments …
estimate a model of dynamic airline pricing accounting for both sources of price adjustments …
Buy-it-now or take-a-chance: Price discrimination through randomized auctions
Increasingly detailed consumer information makes sophisticated price discrimination
possible. At fine levels of aggregation, demand may not obey standard regularity conditions …
possible. At fine levels of aggregation, demand may not obey standard regularity conditions …
Contingent preannounced pricing policies with strategic consumers
Companies in diverse industries must decide the pricing policy of their inventories over time.
This decision becomes particularly complex when customers are forward looking and may …
This decision becomes particularly complex when customers are forward looking and may …
Dynamically stable matching
L Doval - Theoretical Economics, 2022 - Wiley Online Library
I introduce a stability notion, dynamic stability, for two‐sided dynamic matching markets
where (i) matching opportunities arrive over time,(ii) matching is one‐to‐one, and (iii) …
where (i) matching opportunities arrive over time,(ii) matching is one‐to‐one, and (iii) …
Dynamic price competition: Theory and evidence from airline markets
We introduce a model of dynamic pricing in perishable goods markets with competition and
provide conditions for equilibrium uniqueness. Pricing dynamics are rich because both own …
provide conditions for equilibrium uniqueness. Pricing dynamics are rich because both own …
Revenue management without commitment: Dynamic pricing and periodic flash sales
A seller has a fixed number of goods to sell by a deadline. At each time, he posts a regular
price and decides whether to hold a flash sale. Over time, buyers privately enter the market …
price and decides whether to hold a flash sale. Over time, buyers privately enter the market …
Revenue-maximizing mechanisms with strategic customers and unknown, markovian demand
We show that appropriate dynamic pricing strategies can be used to draw benefits from the
presence of consumers who strategically time their purchase even if the arrival process is …
presence of consumers who strategically time their purchase even if the arrival process is …