Efficiency and complexity of price competition among single-product vendors

Artif. Intell., Volume 248, 2017, Pages 9-25.

Cited by: 6|Views23
EI

Abstract:

Motivated by recent progress on pricing in the AI literature, we study marketplaces that contain multiple vendors offering identical or similar products and unit-demand buyers with different valuations on these vendors. The objective of each vendor is to set the price of its product to a fixed value so that its profit is maximized. The pr...More

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