4 papers
About a ball removal process on bins
José Correa, Marcos Kiwi, Vasilis Livanos +2
We consider a basic balls-and-bins question in which you have to distribute balls into bins. Then, round by round, a ball is removed from a non-empty bin chosen uniformly a…
Posted Pricing and Competition in Large Markets
José Correa, Vasilis Livanos, Dana Pizarro +1
Posted price mechanisms are prevalent in allocating goods within online marketplaces due to their simplicity and practical efficiency. We explore a fundamental scenario where buyer…
The Simplicity of Optimal Dynamic Mechanisms
Jose Correa, Andres Cristi, Laura Vargas Koch
A fundamental economic question is that of designing revenue-maximizing mechanisms in dynamic environments. This paper considers a simple yet compelling market model to tackle this…
Dynamic pricing with Bayesian updates from online reviews
José Correa, Mathieu Mari, Andrew Xia
When launching new products, firms face uncertainty about market reception. Online reviews provide valuable information not only to consumers but also to firms, allowing firms to a…