EconPapers    
Economics at your fingertips  
 

Dynamic pricing and learning with competition: insights from the dynamic pricing challenge at the 2017 INFORMS RM & pricing conference

Ruben Geer (), Arnoud V. Boer, Christopher Bayliss, Christine S. M. Currie, Andria Ellina, Malte Esders, Alwin Haensel, Xiao Lei, Kyle D. S. Maclean, Antonio Martinez-Sykora, Asbjørn Nilsen Riseth, Fredrik Ødegaard and Simos Zachariades
Additional contact information
Ruben Geer: Vrije Universiteit
Arnoud V. Boer: University of Amsterdam
Christopher Bayliss: Universitat Oberta de Catalunya
Christine S. M. Currie: University of Southampton
Andria Ellina: University of Southampton
Malte Esders: Technische Universität Berlin
Alwin Haensel: Haensel AMS, Advanced Mathematical Solutions
Xiao Lei: Columbia University
Kyle D. S. Maclean: Western University
Antonio Martinez-Sykora: University of Southampton
Asbjørn Nilsen Riseth: University of Oxford
Fredrik Ødegaard: Western University
Simos Zachariades: University of Southampton

Journal of Revenue and Pricing Management, 2019, vol. 18, issue 3, 185-203

Abstract: Abstract This paper presents the results of the Dynamic Pricing Challenge, held on the occasion of the 17th INFORMS Revenue Management and Pricing Section Conference on June 29–30, 2017 in Amsterdam, The Netherlands. For this challenge, participants submitted algorithms for pricing and demand learning of which the numerical performance was analyzed in simulated market environments. This allows consideration of market dynamics that are not analytically tractable or can not be empirically analyzed due to practical complications. Our findings implicate that the relative performance of algorithms varies substantially across different market dynamics, which confirms the intrinsic complexity of pricing and learning in the presence of competition.

Keywords: Dynamic pricing; Learning; Competition; Numerical performance (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1057/s41272-018-00164-4 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:jorapm:v:18:y:2019:i:3:d:10.1057_s41272-018-00164-4

Ordering information: This journal article can be ordered from
https://www.palgrave.com/gp/journal/41272

Access Statistics for this article

Journal of Revenue and Pricing Management is currently edited by Ian Yeoman

More articles in Journal of Revenue and Pricing Management from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2020-01-08
Handle: RePEc:pal:jorapm:v:18:y:2019:i:3:d:10.1057_s41272-018-00164-4