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) …

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 …

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 …

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 …

Buy-it-now or take-a-chance: Price discrimination through randomized auctions

LE Celis, G Lewis, M Mobius… - Management …, 2014 - pubsonline.informs.org
Increasingly detailed consumer information makes sophisticated price discrimination
possible. At fine levels of aggregation, demand may not obey standard regularity conditions …

Contingent preannounced pricing policies with strategic consumers

J Correa, R Montoya, C Thraves - Operations Research, 2016 - pubsonline.informs.org
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 …

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) …

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 …

Revenue management without commitment: Dynamic pricing and periodic flash sales

F Dilme, F Li - The Review of Economic Studies, 2019 - academic.oup.com
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 …

Revenue-maximizing mechanisms with strategic customers and unknown, markovian demand

A Gershkov, B Moldovanu, P Strack - Management Science, 2018 - pubsonline.informs.org
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 …