{"about":{"site":"https://codewithpapers.app","non_affiliation":"Code with Papers and Syntology are not affiliated with, endorsed by, or sponsored by Papers with Code, Meta, or the pwc-archive mirror.","licence":"CC BY-SA 4.0","licence_url":"https://creativecommons.org/licenses/by-sa/4.0/legalcode","attribution":"https://codewithpapers.app/attribution","modified":"archive material modified by Syntology; see the attribution page"},"url":"/paper/optimal-pricing-in-repeated-posted-price","title":"Optimal Pricing in Repeated Posted-Price Auctions with Different Patience of the Seller and the Buyer","arxiv_id":null,"date":"2019-12-01","proceeding":"NeurIPS 2019 12","authors":["Arsenii Vanunts","Alexey Drutsa"],"abstract":"We study revenue optimization pricing algorithms for repeated posted-price auctions where a seller interacts with a single strategic buyer that holds a fixed private valuation.\nWhen the participants non-equally discount their cumulative utilities, we show that the optimal constant pricing (which offers the Myerson price) is no longer optimal. \nIn the case of more patient seller, we propose a novel multidimensional optimization functional --- a generalization of the one used to determine Myerson's price. This functional allows to find the optimal algorithm and to boost revenue of the optimal static pricing by an efficient low-dimensional approximation.\nNumerical experiments are provided to support our results.","url_abs":"http://papers.nips.cc/paper/8380-optimal-pricing-in-repeated-posted-price-auctions-with-different-patience-of-the-seller-and-the-buyer","url_pdf":"http://papers.nips.cc/paper/8380-optimal-pricing-in-repeated-posted-price-auctions-with-different-patience-of-the-seller-and-the-buyer.pdf","source":{"archive":"pwc-archive (Hugging Face), CC BY-SA 4.0","snapshot":"2025-07-28","licence_url":"https://creativecommons.org/licenses/by-sa/4.0/legalcode","row_kind":"abstracts"},"code_links":[{"paper_slug":"optimal-pricing-in-repeated-posted-price","repo_url":"https://github.com/theonlybars/neurips-2019-rppa","is_official":1,"mentioned_in_paper":1,"mentioned_in_github":0,"framework":"none","reach":null}],"tasks":[],"methods":[],"datasets_introduced":[],"methods_introduced":[],"results":[],"syntology":{"syntology_url":null,"atlas_url":null,"mcp":null,"developers":"https://syntology.ai/developers"},"arxiv_metadata":null,"syntology_extracted_results":null}