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Dynamic Allocation and Pricing
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Dynamic Allocation and Pricing: A Mechanism Design Approach

Alex Gershkov and Benny Moldovanu

Abstract

Dynamic allocation and pricing problems appear in numerous frameworks such as the retail of seasonal/style goods, the allocation of fixed capacities in the travel and leisure industries (e.g., airlines, hotels, rental cars, holiday resorts), the allocation of a fixed inventory of equipment in a given period of time (e.g. equipment for medical procedures, bandwidth or advertising space in online applications), and the assignment of personnel to incoming tasks. Although dynamic pricing is a very old, modern Revenue Management (RM) techniques started with US Airline Deregulation Act of 1978. The ... More

Keywords: Revenue management, dynamic mechanism design, efficient allocation, dynamic optimization, information and learning

Bibliographic Information

Print publication date: 2015 Print ISBN-13: 9780262028400
Published to University Press Scholarship Online: May 2016 DOI:10.7551/mitpress/9780262028400.001.0001

Authors

Affiliations are at time of print publication.

Alex Gershkov, author
Hebrew University of Jerusalem

Benny Moldovanu, author