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cs.GT2014
How to sell an app: pay-per-play or buy-it-now?
Shuchi Chawla, Nikhil R. Devanur, Anna Karlin +1
We consider pricing in settings where a consumer discovers his value for a good only as he uses it, and the value evolves with each use. We explore simple and natural pricing strat…
cs.GT2014
Price Competition, Fluctuations, and Welfare Guarantees
Moshe Babaioff, Renato Paes Leme, Balasubramanian Sivan
In various markets where sellers compete in price, price oscillations are observed rather than convergence to equilibrium. Such fluctuations have been empirically observed in the r…
cs.GT2010
The power of randomness in Bayesian optimal mechanism design
Shuchi Chawla, David Malec, Balasubramanian Sivan
We investigate the power of randomness in the context of a fundamental Bayesian optimal mechanism design problem--a single seller aims to maximize expected revenue by allocating mu…