Optimal bundle pricing with monotonicity constraint

Optimal bundle pricing with monotonicity constraint

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Article ID: iaor20102891
Volume: 36
Issue: 5
Start Page Number: 609
End Page Number: 614
Publication Date: Sep 2008
Journal: Operations Research Letters
Authors: , , , ,
Keywords: financial
Abstract:

We consider the problem of pricing (digital) items in order to maximize the revenue obtainable from a set of bidders. We suggest a natural monotonicity constraint on bundle prices, show that the problem remains NP-hard, and we derive a polynomial time approximation scheme. We also briefly discuss the highway pricing problem.

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