Large-Scale Bundle Size Pricing: A Theoretical Analysis
Large-Scale Bundle Size Pricing: A Theoretical Analysis
复制标题
大规模捆绑定价:理论分析
DOI:
10.2139/ssrn.2907118
复制
发表时间:
2017
期刊:
影响因子:
--
通讯作者:
Josh E. Reed
中科院分区:
文献类型:
--
作者:
Tarek Abdallah;A. Asadpour;Josh E. Reed
Bundle size pricing (BSP) is a multi-dimensional selling mechanism where the firm prices the size of the bundle rather than the different possible combinations of bundles. In BSP, the firm offers the customer a menu of different sizes and prices. The customer then chooses the size that maximizes his surplus and customizes his bundle given his chosen size. While BSP is commonly used across several industries, little is known about the optimal BSP policy in terms of sizes and prices along with the theoretical properties of its profit. In this paper, we provide a simple and tractable theoretical framework to analyze the large-scale BSP problem where a multi-product firm is selling a large number of products. The BSP problem is in general hard as it involves optimizing over order statistics, however we show that for large numbers of products, the BSP problem transforms from a hard multi-dimensional problem to a simple multi-unit pricing problem with concave and increasing utilities. Our framework allows us to identify the main source of inefficiency of BSP that is the heterogeneity of marginal costs across products. For this reason, we propose two new BSP policies called "clustered BSP'' and "assorted BSP'' that significantly reduce the inefficiency of regular BSP. We then utilize our framework to study richer models of BSP such as when customers have budgets and when there exists multiple customer types.
DOI:
10.1145/2764468.2764539
发表时间:
2014-09
期刊:
Proceedings of the Sixteenth ACM Conference on Economics and Computation
影响因子:
--
作者:
C. Daskalakis;Alan Deckelbaum;Christos Tzamos
通讯作者:
C. Daskalakis;Alan Deckelbaum;Christos Tzamos
DOI:
10.1137/1.9781611975031.133
发表时间:
2018
期刊:
Proceedings of the 29th Annual ACM-SIAM Symposium on Discrete Algorithms
影响因子:
--
作者:
Chen, Xi;Matikas, George;Paparas, Dimitris;Yannakakis, Mihalis.
通讯作者:
Yannakakis, Mihalis.