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Optimal pricing in black box producer-consumer Stackelberg games using revealed preference feedback

Abstract:

This paper considers an optimal pricing problem for the black box producer-consumer Stackelberg game. A producer sets price over a set of goods to maximize profit (the difference in revenue and cost function). The consumer buys a quantity to maximize the difference between the value of the quantity consumed and the cost. The value function of the consumer and the cost function of the producer are ‘black box’ functions (unknown functions with limited or costly evaluations). Using Gaussian proc...

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Publication status:
Published
Peer review status:
Peer reviewed

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Institution:
University of Oxford
Division:
MPLS
Department:
Engineering Science
Role:
Author
ORCID:
0000-0002-9305-9268
Publisher:
Elsevier
Journal:
Neurocomputing More from this journal
Volume:
437
Pages:
31-41
Publication date:
2021-01-19
Acceptance date:
2021-01-05
DOI:
EISSN:
1872-8286
ISSN:
0925-2312
Language:
English
Keywords:
Pubs id:
1162006
Local pid:
pubs:1162006
Deposit date:
2023-01-20

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