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econ.TH2025
Menu Pricing of Large Language Models
Dirk Bergemann, Alessandro Bonatti, Alex Smolin
We develop a framework for the optimal pricing and product design of LLMs in which a provider sells menus of token budgets to users who differ in their valuations across a continuu…
econ.TH2023
Algorithmic Recommendations and Strategic Pricing
Shota Ichihashi, Alex Smolin
We study algorithmic recommendations in a market with a buyer, privately informed sellers, and an algorithm that can recommend a product based on product values and posted prices b…