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WECWIS
2003
IEEE
120views ECommerce» more  WECWIS 2003»
14 years 25 days ago
Reinforcement Learning Applications in Dynamic Pricing of Retail Markets
In this paper, we investigate the use of reinforcement learning (RL) techniques to the problem of determining dynamic prices in an electronic retail market. As representative mode...
C. V. L. Raju, Y. Narahari, K. Ravikumar
CIA
1998
Springer
13 years 11 months ago
Cooperative vs. Competitive Multi-Agent Negotiations in Retail Electronic Commerce
A key lesson learned from economic and game theory research is that negotiation protocols have substantial, rippling effects on the overall nature of the system. online auctions a...
Robert H. Guttman, Pattie Maes
IOR
2010
99views more  IOR 2010»
13 years 6 months ago
Dynamic Pricing with a Prior on Market Response
We study a problem of dynamic pricing faced by a vendor with limited inventory, uncertain about demand, aiming to maximize expected discounted revenue over an infinite time horiz...
Vivek F. Farias, Benjamin Van Roy
ATAL
2003
Springer
14 years 24 days ago
An evolutionary framework for studying behaviors of economic agents
We propose an evolutionary framework for studying agents that interact in electronic marketplaces. We describe how this framework could be used to study the dynamics of interactio...
Wolfgang Ketter, Alexander Babanov, Maria L. Gini