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11,228
Option Pricing: A Simplified Approach
 Journal of Financial Economics
, 1979
"... This paper presents a simple discretetime model for valumg optlons. The fundamental econonuc principles of option pricing by arbitrage methods are particularly clear In this setting. Its development requires only elementary mathematics, yet it contains as a special limiting case the celebrated Blac ..."
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Cited by 1016 (10 self)
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This paper presents a simple discretetime model for valumg optlons. The fundamental econonuc principles of option pricing by arbitrage methods are particularly clear In this setting. Its development requires only elementary mathematics, yet it contains as a special limiting case the celebrated
Optimal pricing with recommender system
 In ACM Conference on Electronic Commerce
, 2006
"... We study optimal pricing in the presence of recommender systems. A recommender system affects the market in two ways: (i) it creates value by reducing product uncertainty for the customers and hence (ii) its recommendations can be offered as addons which generate informational externalities. The qu ..."
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Cited by 3 (0 self)
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We study optimal pricing in the presence of recommender systems. A recommender system affects the market in two ways: (i) it creates value by reducing product uncertainty for the customers and hence (ii) its recommendations can be offered as addons which generate informational externalities
Optimal Pricing In Urban Expressway
, 1985
"... A welfare economic approach is applied to investigate some implications of optimal pricing in urban expressway where two different groups of users are supposed to exist. On the assumption of a specified demand function, following implications are shown; (1) optimal prices must be such that the dive ..."
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A welfare economic approach is applied to investigate some implications of optimal pricing in urban expressway where two different groups of users are supposed to exist. On the assumption of a specified demand function, following implications are shown; (1) optimal prices must
Optimal Pricing in Networks with Externalities
"... We study the optimal pricing strategies of a monopolist selling a divisible good (service) to consumers that are embedded in a social network. A key feature of our model is that consumers experience a (positive) local network effect. In particular, each consumer’s usage level depends directly on the ..."
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Cited by 15 (3 self)
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We study the optimal pricing strategies of a monopolist selling a divisible good (service) to consumers that are embedded in a social network. A key feature of our model is that consumers experience a (positive) local network effect. In particular, each consumer’s usage level depends directly
Optimal Pricing Mechanisms with Unknown Demand
 American Economic Review
, 2003
"... The standard profitmaximizing multiunit auction intersects the submitted demand curve with a preset reservation supply curve, which is determined using the distribution from which the buyers ’ valuations are drawn. However, when this distribution is unknown, a preset supply curve cannot maximize ..."
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Cited by 75 (3 self)
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maximize monopoly profits. The optimal pricing mechanism in this situation sets a price to each buyer on the basis of the demand distribution inferred statistically from other buyers ’ bids. The resulting profit converges to the optimal monopoly profit with known demand as the num
Optimization Flow Control, I: Basic Algorithm and Convergence
 IEEE/ACM TRANSACTIONS ON NETWORKING
, 1999
"... We propose an optimization approach to flow control where the objective is to maximize the aggregate source utility over their transmission rates. We view network links and sources as processors of a distributed computation system to solve the dual problem using gradient projection algorithm. In thi ..."
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Cited by 694 (64 self)
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We propose an optimization approach to flow control where the objective is to maximize the aggregate source utility over their transmission rates. We view network links and sources as processors of a distributed computation system to solve the dual problem using gradient projection algorithm
Improved algorithms for optimal winner determination in combinatorial auctions and generalizations
, 2000
"... Combinatorial auctions can be used to reach efficient resource and task allocations in multiagent systems where the items are complementary. Determining the winners is NPcomplete and inapproximable, but it was recently shown that optimal search algorithms do very well on average. This paper present ..."
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Cited by 582 (53 self)
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Combinatorial auctions can be used to reach efficient resource and task allocations in multiagent systems where the items are complementary. Determining the winners is NPcomplete and inapproximable, but it was recently shown that optimal search algorithms do very well on average. This paper
Optimal Pricing Is Hard
, 2012
"... We show that computing the revenueoptimal deterministic auction in unitdemand singlebuyer Bayesian settings, i.e. the optimal itempricing, is computationally hard even in singleitem settings where the buyer’s value distribution is a sum of independently distributed attributes, or multiitem se ..."
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Cited by 4 (3 self)
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We show that computing the revenueoptimal deterministic auction in unitdemand singlebuyer Bayesian settings, i.e. the optimal itempricing, is computationally hard even in singleitem settings where the buyer’s value distribution is a sum of independently distributed attributes, or multi
Optimal Pricing and Endogenous Herding
, 2001
"... We consider a monopolist who sells identical objects of common but unknown value in a herdingprone environment. Buyers make their purchasing decisions sequentially, and rely on a private signal as well as previous buyers' actions to infer the common value of the object. The model applies to ..."
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Cited by 3 (1 self)
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to a variety of cases, such as the introduction of a new product or the sale of licenses to use a patent. We characterize the monopolist's optimal pricing strategy and its implications for the temporal pattern of prices and for herding. The analysis is performed under alternative assumptions
Results 1  10
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11,228