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Assessing the response of strategic consumers to dynamic pricing in real time.

Publication: Operations Research
Publication Date: 01-MAR-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
In any market, frequent price changes by a firm allow frequent measurements of customer responses and, in principle, the possibility of obtaining near real-time updates for customer demand models. In "Dynamic Pricing with Online Learning and Strategic Consumers: An Application of the Aggregating Algorithm," T. Levina, Y. Levin, J....

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