Revenue Maximization in the Dynamic Knapsack Problem
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- , & , & ,, 2011. "Revenue maximization in the dynamic knapsack problem," Theoretical Economics, Econometric Society, vol. 6(2), May.
References listed on IDEAS
- Cyrus Derman & Gerald J. Lieberman & Sheldon M. Ross, 1972. "A Sequential Stochastic Assignment Problem," Management Science, INFORMS, vol. 18(7), pages 349-355, March.
- Guillermo Gallego & Garrett van Ryzin, 1994. "Optimal Dynamic Pricing of Inventories with Stochastic Demand over Finite Horizons," Management Science, INFORMS, vol. 40(8), pages 999-1020, August.
- Alex Gershkov & Benny Moldovanu, 2009. "Dynamic Revenue Maximization with Heterogeneous Objects: A Mechanism Design Approach," American Economic Journal: Microeconomics, American Economic Association, vol. 1(2), pages 168-198, August.
- Che, Yeon-Koo & Gale, Ian, 2000. "The Optimal Mechanism for Selling to a Budget-Constrained Buyer," Journal of Economic Theory, Elsevier, vol. 92(2), pages 198-233, June.
- S. Christian Albright, 1974. "Optimal Sequential Assignments with Random Arrival Times," Management Science, INFORMS, vol. 21(1), pages 60-67, September.
- Gabriel R. Bitran & Susana V. Mondschein, 1997. "Periodic Pricing of Seasonal Products in Retailing," Management Science, INFORMS, vol. 43(1), pages 64-79, January.
- Thomas Kittsteiner & Benny Moldovanu, 2005.
"Priority Auctions and Queue Disciplines That Depend on Processing Time,"
Management Science, INFORMS, vol. 51(2), pages 236-248, February.
- Kittsteiner, Thomas & Moldovanu, Benny, 2004. "Priority Auctions and Queue Disciplines that Depend on Processing Time," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 5, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Jason D. Papastavrou & Srikanth Rajagopalan & Anton J. Kleywegt, 1996. "The Dynamic and Stochastic Knapsack Problem with Deadlines," Management Science, INFORMS, vol. 42(12), pages 1706-1718, December.
- Jehiel, Philippe & Moldovanu, Benny & Stacchetti, Ennio, 1999.
"Multidimensional Mechanism Design for Auctions with Externalities,"
Journal of Economic Theory, Elsevier, vol. 85(2), pages 258-293, April.
- Jehiel, Phillipe & Moldovanu, Benny & Stacchetti, E., 1997. "Multidimensional Mechanism Design for Auctions with Externalities," Sonderforschungsbereich 504 Publications 97-04, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Moldovanu, Benny & Jehiel, Philippe & Stacchetti, Ennio, 1997. "Multidimensional Mechanism Design for Auctions with Externalities," Papers 97-04, Sonderforschungsbreich 504.
- Armstrong, Mark, 1996. "Multiproduct Nonlinear Pricing," Econometrica, Econometric Society, vol. 64(1), pages 51-75, January.
- Anton J. Kleywegt & Jason D. Papastavrou, 2001. "The Dynamic and Stochastic Knapsack Problem with Random Sized Items," Operations Research, INFORMS, vol. 49(1), pages 26-41, February.
- Grace Y. Lin & Yingdong Lu & David D. Yao, 2008. "The Stochastic Knapsack Revisited: Switch-Over Policies and Dynamic Pricing," Operations Research, INFORMS, vol. 56(4), pages 945-957, August.
- Blackorby, Charles & Dezsö Szalay, 2007. "Multidimensional Screening, Affiliation, and Full Separation," The Warwick Economics Research Paper Series (TWERPS) 802, University of Warwick, Department of Economics.
- Roger B. Myerson, 1981.
"Optimal Auction Design,"
Mathematics of Operations Research, INFORMS, vol. 6(1), pages 58-73, February.
- Roger B. Myerson, 1978. "Optimal Auction Design," Discussion Papers 362, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Garud Iyengar & Anuj Kumar, 2008. "Optimal procurement mechanisms for divisible goods with capacitated suppliers," Review of Economic Design, Springer;Society for Economic Design, vol. 12(2), pages 129-154, June.
- Wedad Elmaghraby & P{i}nar Keskinocak, 2003. "Dynamic Pricing in the Presence of Inventory Considerations: Research Overview, Current Practices, and Future Directions," Management Science, INFORMS, vol. 49(10), pages 1287-1309, October.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Daniel Krähmer & Roland Strausz, 2024. "Unidirectional Incentive Compatibility," CRC TR 224 Discussion Paper Series crctr224_2024_524, University of Bonn and University of Mannheim, Germany.
- Senay Solak & Armagan Bayram & Mehmet Gumus & Yueran Zhuo, 2019. "Technical Note—Optimizing Foreclosed Housing Acquisitions in Societal Response to Foreclosures," Operations Research, INFORMS, vol. 67(4), pages 950-964, July.
- Mierendorff, Konrad, 2016. "Optimal dynamic mechanism design with deadlines," Journal of Economic Theory, Elsevier, vol. 161(C), pages 190-222.
- Francis Bloch & David Cantala, 2014.
"Dynamic Allocation of Objects to Queuing Agents: The Discrete Model,"
Documents de travail du Centre d'Economie de la Sorbonne
14066, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Francis Bloch & David Cantala, 2014. "Dynamic Allocation of Objects to Queuing Agents: The Discrete Model," Post-Print halshs-01109667, HAL.
- Francis Bloch & David Cantala, 2014. "Dynamic Allocation of Objects to Queuing Agents: The Discrete Model," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01109667, HAL.
- Mallesh M. Pai & Rakesh Vohra, 2013. "Optimal Dynamic Auctions and Simple Index Rules," Mathematics of Operations Research, INFORMS, vol. 38(4), pages 682-697, November.
- Jihyeok Jung & Chan-Oi Song & Deok-Joo Lee & Kiho Yoon, 2024. "Optimal Mechanism in a Dynamic Stochastic Knapsack Environment," Papers 2402.14269, arXiv.org.
- Jarman, Felix & Meisner, Vincent, 2017.
"Ex-post optimal knapsack procurement,"
Journal of Economic Theory, Elsevier, vol. 171(C), pages 35-63.
- Jarman, Felix & Meisner, Vincent, 2015. "Ex-post Optimal Knapsack Procurement," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112903, Verein für Socialpolitik / German Economic Association.
- Jarman, Felix & Meisner, Vincent, 2015. "Ex-post optimal knapsack procurement," Working Papers 15-02, University of Mannheim, Department of Economics.
- Jarman, Felix & Meisner, Vincent, 2017. "Ex-Post Optimal Knapsack Procurement," Rationality and Competition Discussion Paper Series 27, CRC TRR 190 Rationality and Competition.
- Dirk Bergemann & Johannes Horner, 2010.
"Should Auctions Be Transparent?,"
Levine's Working Paper Archive
661465000000000128, David K. Levine.
- Dirk Bergemann & Johannes Horner, 2010. "Should Auctions be Transparent?," Cowles Foundation Discussion Papers 1764, Cowles Foundation for Research in Economics, Yale University.
- Dirk Bergemann & Johannes Horner, 2010. "Should Auctions be Transparent?," Cowles Foundation Discussion Papers 1764R2, Cowles Foundation for Research in Economics, Yale University, revised Aug 2017.
- Bergemann, Dirk & Hörner, Johannes, 2010. "Should Auctions Be Transparent?," CEPR Discussion Papers 7989, C.E.P.R. Discussion Papers.
- Dirk Bergemann & Johannes Horner, 2010. "Should Auctions be Transparent?," Cowles Foundation Discussion Papers 1764R, Cowles Foundation for Research in Economics, Yale University, revised Sep 2014.
- Francis Bloch & David Cantala, 2017. "Dynamic Assignment of Objects to Queuing Agents," American Economic Journal: Microeconomics, American Economic Association, vol. 9(1), pages 88-122, February.
- Ryuji Sano, 2015. "A Dynamic Mechanism Design for Scheduling with Different Use Lengths," KIER Working Papers 924, Kyoto University, Institute of Economic Research.
- Dinard van der Laan & Zaifu Yang, 2019. "Efficient Sequential Assignments with Randomly Arriving Multi-Item Demand Agents," Discussion Papers 19/13, Department of Economics, University of York.
- Daniel F. Garrett & Alessandro Pavan, 2012.
"Managerial Turnover in a Changing World,"
Journal of Political Economy, University of Chicago Press, vol. 120(5), pages 879-925.
- Daniel Garrett & Alessandro Pavan, 2010. "Managerial Turnover in a Changing World," Discussion Papers 1490, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Ryuji Sano, 2017. "A Dynamic Mechanism Design with Overbooking, Different Deadlines, and Multi-unit Demands," KIER Working Papers 963, Kyoto University, Institute of Economic Research.
- Ensthaler, Ludwig & Giebe, Thomas, 2014. "Bayesian optimal knapsack procurement," European Journal of Operational Research, Elsevier, vol. 234(3), pages 774-779.
- Gershkov, Alex & Moldovanu, Benny, 2012. "Dynamic allocation and pricing: A mechanism design approach," International Journal of Industrial Organization, Elsevier, vol. 30(3), pages 283-286.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Mierendorff, Konrad, 2016. "Optimal dynamic mechanism design with deadlines," Journal of Economic Theory, Elsevier, vol. 161(C), pages 190-222.
- Jihyeok Jung & Chan-Oi Song & Deok-Joo Lee & Kiho Yoon, 2024. "Optimal Mechanism in a Dynamic Stochastic Knapsack Environment," Papers 2402.14269, arXiv.org.
- Guillermo Gallego & Michael Z. F. Li & Yan Liu, 2020. "Dynamic Nonlinear Pricing of Inventories over Finite Sales Horizons," Operations Research, INFORMS, vol. 68(3), pages 655-670, May.
- , & ,, 2013.
"Implementation in multidimensional dichotomous domains,"
Theoretical Economics, Econometric Society, vol. 8(2), May.
- Debasis Mishra & Souvik Roy, 2011. "Implementation in multidimensional dichotomous domains," Discussion Papers 11-15, Indian Statistical Institute, Delhi.
- Johannes Hörner & Larry Samuelson, 2011.
"Managing Strategic Buyers,"
Journal of Political Economy, University of Chicago Press, vol. 119(3), pages 379-425.
- Johannes Horner & Larry Samuelson, 2008. "Managing Strategic Buyers," Cowles Foundation Discussion Papers 1684R, Cowles Foundation for Research in Economics, Yale University, revised Sep 2010.
- Johannes Horner & Larry Samuelson, 2011. "Managing Strategic Buyers," Levine's Working Paper Archive 786969000000000025, David K. Levine.
- Johannes Horner & Larry Samuelson, 2009. "Managing Strategic Buyers," Levine's Working Paper Archive 814577000000000059, David K. Levine.
- Johannes Horner & Larry Samuelson, 2010. "Managing Strategic Buyers," Levine's Working Paper Archive 661465000000000279, David K. Levine.
- Alexander G. Nikolaev & Sheldon H. Jacobson, 2010. "Technical Note ---Stochastic Sequential Decision-Making with a Random Number of Jobs," Operations Research, INFORMS, vol. 58(4-part-1), pages 1023-1027, August.
- Tomoya Kazumura & Debasis Mishra & Shigehiro Serizawa, 2017. "Strategy-proof multi-object auction design: Ex-post revenue maximization with no wastage," ISER Discussion Paper 1001, Institute of Social and Economic Research, Osaka University.
- Philippe Jehiel & Benny Moldovanu, 2005.
"Allocative and Informational Externalities in Auctions and Related Mechanisms,"
Levine's Bibliography
784828000000000490, UCLA Department of Economics.
- Philippe Jehiel & Benny Moldovanu, 2006. "Allocative and Informational Externalities in Auctions and Related Mechanisms," Levine's Bibliography 122247000000001129, UCLA Department of Economics.
- Jehiel, Philippe & Moldovanu, Benny, 2005. "Allocative and Informational Externalities in Auctions and Related Mechanisms," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 142, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Jehiel, Philippe & moldovanu, benny, 2006. "Allocative and Informational Externalities in Auctions and Related Mechanisms," CEPR Discussion Papers 5558, C.E.P.R. Discussion Papers.
- Dirk Bergemann & Maher Said, 2010.
"Dynamic Auctions: A Survey,"
Levine's Working Paper Archive
661465000000000035, David K. Levine.
- Dirk Bergemann & Maher Said, 2010. "Dynamic Auctions: A Survey," Cowles Foundation Discussion Papers 1757, Cowles Foundation for Research in Economics, Yale University.
- Dirk Bergemann & Maher Said, 2010. "Dynamic Auctions: A Survey," Cowles Foundation Discussion Papers 1757R, Cowles Foundation for Research in Economics, Yale University, revised May 2010.
- Dirk Bergemann & Maher Said, 2010. "Dynamic Auctions: A Survey," Levine's Working Paper Archive 661465000000000111, David K. Levine.
- Alderighi, Marco & Gaggero, Alberto A. & Piga, Claudio A., 2022.
"Hidden prices with fixed inventory: Evidence from the airline industry,"
Transportation Research Part B: Methodological, Elsevier, vol. 157(C), pages 42-61.
- Alderighi, Marco & Gaggero, Alberto A & Piga, Claudio A, 2016. "The hidden side of dynamic pricing in airline markets," MPRA Paper 71674, University Library of Munich, Germany.
- moldovanu, benny & Gershkov, Alex, 2007.
"The Dynamic Assignment of Heterogenous Objects: A Mechanism Design Approach,"
CEPR Discussion Papers
6439, C.E.P.R. Discussion Papers.
- Alex Gershkov & Benny Moldovanu, 2007. "Dynamic Assignment of Heterogeneous Objects: A Mechanism Design Approach," Levine's Working Paper Archive 843644000000000381, David K. Levine.
- Tianke Feng & Joseph C. Hartman, 2015. "The dynamic and stochastic knapsack Problem with homogeneous‐sized items and postponement options," Naval Research Logistics (NRL), John Wiley & Sons, vol. 62(4), pages 267-292, June.
- Gershkov, Alex & Moldovanu, Benny, 2012. "Dynamic allocation and pricing: A mechanism design approach," International Journal of Industrial Organization, Elsevier, vol. 30(3), pages 283-286.
- Blackorby, Charles & Szalay, Dezso, 2008.
"Regulating a Monopolist with unknown costs and unknown quality capacity,"
Economic Research Papers
269856, University of Warwick - Department of Economics.
- Blackorby, Charles & Szalay, Dezsö, 2008. "Regulating a Monopolist with unknown costs and unknown quality capacity," The Warwick Economics Research Paper Series (TWERPS) 858, University of Warwick, Department of Economics.
- Dinard van der Laan & Zaifu Yang, 2019. "Efficient Sequential Assignments with Randomly Arriving Multi-Item Demand Agents," Discussion Papers 19/13, Department of Economics, University of York.
- Adam J. Mersereau & Dan Zhang, 2012. "Markdown Pricing with Unknown Fraction of Strategic Customers," Manufacturing & Service Operations Management, INFORMS, vol. 14(3), pages 355-370, July.
- Sabri Çelik & Alp Muharremoglu & Sergei Savin, 2009. "Revenue Management with Costly Price Adjustments," Operations Research, INFORMS, vol. 57(5), pages 1206-1219, October.
- Peter Postl, 2013.
"Efficiency versus optimality in procurement,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 53(2), pages 425-472, June.
- Peter Postl, 2011. "Efficiency versus Optimality in Procurement," Discussion Papers 11-03, Department of Economics, University of Birmingham.
- Gonca P. Soysal & Lakshman Krishnamurthi, 2012. "Demand Dynamics in the Seasonal Goods Industry: An Empirical Analysis," Marketing Science, INFORMS, vol. 31(2), pages 293-316, March.
- Wedad Elmaghraby & Altan Gülcü & P{i}nar Keskinocak, 2008. "Designing Optimal Preannounced Markdowns in the Presence of Rational Customers with Multiunit Demands," Manufacturing & Service Operations Management, INFORMS, vol. 10(1), pages 126-148, June.
More about this item
JEL classification:
- D42 - Microeconomics - - Market Structure, Pricing, and Design - - - Monopoly
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CTA-2010-06-11 (Contract Theory and Applications)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:huj:dispap:dp544. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael Simkin (email available below). General contact details of provider: https://edirc.repec.org/data/crihuil.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.