Optimal Bundle Pricing with Monotonicity Constraint.

A. Grigoriev; J. van Loon; M. Sviridenko; M.J. Uetz; T. Vredeveld

doi:10.1016/j.orl.2008.04.008

Optimal Bundle Pricing with Monotonicity Constraint.

A. Grigoriev, J. van Loon, M. Sviridenko, M.J. Uetz^*, T. Vredeveld

^*Corresponding author for this work

Quantitative Economics

Research output: Contribution to journal › Article › Academic › peer-review

Abstract

We consider the problem of pricing (digital) items in order to maximize the revenue obtainable from a set of bidders. We suggest a natural monotonicity constraint on bundle prices, show that the problem remains np-hard, and we derive a ptas. We also briefly discuss the highway pricing problem.

Original language	English
Pages (from-to)	609-614
Number of pages	6
Journal	Operations Research Letters
Volume	36
Issue number	5
DOIs	https://doi.org/10.1016/j.orl.2008.04.008
Publication status	Published - 1 Jan 2008

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10.1016/j.orl.2008.04.008

Cite this

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title = "Optimal Bundle Pricing with Monotonicity Constraint.",

abstract = "We consider the problem of pricing (digital) items in order to maximize the revenue obtainable from a set of bidders. We suggest a natural monotonicity constraint on bundle prices, show that the problem remains np-hard, and we derive a ptas. We also briefly discuss the highway pricing problem.",

author = "A. Grigoriev and {van Loon}, J. and M. Sviridenko and M.J. Uetz and T. Vredeveld",

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AU - van Loon, J.

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AU - Vredeveld, T.

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AB - We consider the problem of pricing (digital) items in order to maximize the revenue obtainable from a set of bidders. We suggest a natural monotonicity constraint on bundle prices, show that the problem remains np-hard, and we derive a ptas. We also briefly discuss the highway pricing problem.

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DO - 10.1016/j.orl.2008.04.008

M3 - Article

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VL - 36

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EP - 614

JO - Operations Research Letters

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