{"id":"https://openalex.org/W2267772056","doi":"https://doi.org/10.1145/2940716.2940730","title":"The Invisible Hand of Dynamic Market Pricing","display_name":"The Invisible Hand of Dynamic Market Pricing","publication_year":2016,"publication_date":"2016-07-21","ids":{"openalex":"https://openalex.org/W2267772056","doi":"https://doi.org/10.1145/2940716.2940730","mag":"2267772056"},"language":"en","primary_location":{"id":"doi:10.1145/2940716.2940730","is_oa":false,"landing_page_url":"https://doi.org/10.1145/2940716.2940730","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 2016 ACM Conference on Economics and Computation","raw_type":"proceedings-article"},"type":"preprint","indexed_in":["arxiv","crossref","datacite"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://arxiv.org/pdf/1511.05646","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5074251728","display_name":"Vincent Cohen-Addad","orcid":"https://orcid.org/0000-0002-0779-8962"},"institutions":[{"id":"https://openalex.org/I4210162280","display_name":"Laboratoire de G\u00e9ologie de l\u2019\u00c9cole Normale Sup\u00e9rieure","ror":"https://ror.org/05vg9cw43","country_code":"FR","type":"facility","lineage":["https://openalex.org/I1294671590","https://openalex.org/I1294671590","https://openalex.org/I2746051580","https://openalex.org/I29607241","https://openalex.org/I4210148025","https://openalex.org/I4210162280"]}],"countries":["FR"],"is_corresponding":true,"raw_author_name":"Vincent Cohen-Addad","raw_affiliation_strings":["Ecole normale superieure,, Paris, France",",\u00c9cole Normale Sup\u00e9rieure, Paris, France#TAB#"],"affiliations":[{"raw_affiliation_string":"Ecole normale superieure,, Paris, France","institution_ids":["https://openalex.org/I4210162280"]},{"raw_affiliation_string":",\u00c9cole Normale Sup\u00e9rieure, Paris, France#TAB#","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5052790204","display_name":"Alon Eden","orcid":"https://orcid.org/0000-0002-0907-3914"},"institutions":[{"id":"https://openalex.org/I16391192","display_name":"Tel Aviv University","ror":"https://ror.org/04mhzgx49","country_code":"IL","type":"education","lineage":["https://openalex.org/I16391192"]}],"countries":["IL"],"is_corresponding":false,"raw_author_name":"Alon Eden","raw_affiliation_strings":["Tel Aviv University, Tel Aviv, Israel","Tel Aviv University, Tel-Aviv, Israel"],"affiliations":[{"raw_affiliation_string":"Tel Aviv University, Tel Aviv, Israel","institution_ids":["https://openalex.org/I16391192"]},{"raw_affiliation_string":"Tel Aviv University, Tel-Aviv, Israel","institution_ids":["https://openalex.org/I16391192"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5103282352","display_name":"Michal Feldman","orcid":"https://orcid.org/0000-0002-2915-8405"},"institutions":[{"id":"https://openalex.org/I16391192","display_name":"Tel Aviv University","ror":"https://ror.org/04mhzgx49","country_code":"IL","type":"education","lineage":["https://openalex.org/I16391192"]},{"id":"https://openalex.org/I4210125051","display_name":"Microsoft (Israel)","ror":"https://ror.org/03819cc96","country_code":"IL","type":"company","lineage":["https://openalex.org/I1290206253","https://openalex.org/I4210125051"]}],"countries":["IL"],"is_corresponding":false,"raw_author_name":"Michal Feldman","raw_affiliation_strings":["Tel Aviv University and Microsoft Research, Tel Aviv, Israel","Tel Aviv University & Microsoft Research, Tel Aviv, Israel"],"affiliations":[{"raw_affiliation_string":"Tel Aviv University and Microsoft Research, Tel Aviv, Israel","institution_ids":["https://openalex.org/I4210125051","https://openalex.org/I16391192"]},{"raw_affiliation_string":"Tel Aviv University & Microsoft Research, Tel Aviv, Israel","institution_ids":["https://openalex.org/I4210125051","https://openalex.org/I16391192"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5038118929","display_name":"Amos Fiat","orcid":"https://orcid.org/0000-0002-5748-9519"},"institutions":[{"id":"https://openalex.org/I16391192","display_name":"Tel Aviv University","ror":"https://ror.org/04mhzgx49","country_code":"IL","type":"education","lineage":["https://openalex.org/I16391192"]}],"countries":["IL"],"is_corresponding":false,"raw_author_name":"Amos Fiat","raw_affiliation_strings":["Tel Aviv University, Tel Aviv, Israel","Tel Aviv University, Tel-Aviv, Israel"],"affiliations":[{"raw_affiliation_string":"Tel Aviv University, Tel Aviv, Israel","institution_ids":["https://openalex.org/I16391192"]},{"raw_affiliation_string":"Tel Aviv University, Tel-Aviv, Israel","institution_ids":["https://openalex.org/I16391192"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5074251728"],"corresponding_institution_ids":["https://openalex.org/I4210162280"],"apc_list":null,"apc_paid":null,"fwci":0.3728,"has_fulltext":true,"cited_by_count":2,"citation_normalized_percentile":{"value":0.68207716,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":94},"biblio":{"volume":null,"issue":null,"first_page":"383","last_page":"400"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10991","display_name":"Game Theory and Voting Systems","score":0.9994000196456909,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12288","display_name":"Optimization and Search Problems","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/1705","display_name":"Computer Networks and Communications"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/dynamic-pricing","display_name":"Dynamic pricing","score":0.4977155029773712},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.4727552533149719},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.25428882241249084},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.17327645421028137}],"concepts":[{"id":"https://openalex.org/C2779391423","wikidata":"https://www.wikidata.org/wiki/Q17009728","display_name":"Dynamic pricing","level":2,"score":0.4977155029773712},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4727552533149719},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.25428882241249084},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.17327645421028137}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1145/2940716.2940730","is_oa":false,"landing_page_url":"https://doi.org/10.1145/2940716.2940730","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 2016 ACM Conference on Economics and Computation","raw_type":"proceedings-article"},{"id":"pmh:oai:arXiv.org:1511.05646","is_oa":true,"landing_page_url":"http://arxiv.org/abs/1511.05646","pdf_url":"https://arxiv.org/pdf/1511.05646","source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"text"},{"id":"pmh:oai:HAL:hal-02169519v1","is_oa":false,"landing_page_url":"https://hal.science/hal-02169519","pdf_url":null,"source":{"id":"https://openalex.org/S4306402512","display_name":"HAL (Le Centre pour la Communication Scientifique Directe)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I1294671590","host_organization_name":"Centre National de la Recherche Scientifique","host_organization_lineage":["https://openalex.org/I1294671590"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"the 2016 ACM Conference on Economics and Computation, Jul 2016, Maastricht, Netherlands. pp.383-400","raw_type":"Conference papers"},{"id":"doi:10.48550/arxiv.1511.05646","is_oa":true,"landing_page_url":"https://doi.org/10.48550/arxiv.1511.05646","pdf_url":null,"source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":null,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"pmh:oai:arXiv.org:1511.05646","is_oa":true,"landing_page_url":"http://arxiv.org/abs/1511.05646","pdf_url":"https://arxiv.org/pdf/1511.05646","source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"text"},"sustainable_development_goals":[],"awards":[{"id":"https://openalex.org/G3829048491","display_name":null,"funder_award_id":"FP7/2007-2013","funder_id":"https://openalex.org/F4320320300","funder_display_name":"European Commission"},{"id":"https://openalex.org/G3981126665","display_name":null,"funder_award_id":"Seventh Framework Programme","funder_id":"https://openalex.org/F4320320300","funder_display_name":"European Commission"},{"id":"https://openalex.org/G5593277320","display_name":null,"funder_award_id":"2007-2013","funder_id":"https://openalex.org/F4320320300","funder_display_name":"European Commission"},{"id":"https://openalex.org/G5702163051","display_name":null,"funder_award_id":"FP7/2007","funder_id":"https://openalex.org/F4320320300","funder_display_name":"European Commission"},{"id":"https://openalex.org/G6381703493","display_name":"Algorithmic Mechanism Design: Beyond Truthful Mechanisms","funder_award_id":"337122","funder_id":"https://openalex.org/F4320320300","funder_display_name":"European Commission"}],"funders":[{"id":"https://openalex.org/F4320320300","display_name":"European Commission","ror":"https://ror.org/00k4n6c32"},{"id":"https://openalex.org/F4320334164","display_name":"Simons Institute for the Theory of Computing, University of California Berkeley","ror":null}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2267772056.pdf","grobid_xml":"https://content.openalex.org/works/W2267772056.grobid-xml"},"referenced_works_count":24,"referenced_works":["https://openalex.org/W1530458910","https://openalex.org/W1827565498","https://openalex.org/W1846856248","https://openalex.org/W1915165977","https://openalex.org/W1975378045","https://openalex.org/W1978522505","https://openalex.org/W2010377201","https://openalex.org/W2014023337","https://openalex.org/W2021361030","https://openalex.org/W2024694589","https://openalex.org/W2046057486","https://openalex.org/W2061647611","https://openalex.org/W2068200970","https://openalex.org/W2077124610","https://openalex.org/W2107403260","https://openalex.org/W2158486621","https://openalex.org/W2161272173","https://openalex.org/W2162656786","https://openalex.org/W2183531780","https://openalex.org/W2266556251","https://openalex.org/W2770911772","https://openalex.org/W2949238494","https://openalex.org/W2963506048","https://openalex.org/W2963515037"],"related_works":["https://openalex.org/W2899084033","https://openalex.org/W2748952813","https://openalex.org/W2390279801","https://openalex.org/W2358668433","https://openalex.org/W2093578348","https://openalex.org/W2376932109","https://openalex.org/W2382290278","https://openalex.org/W2049775471","https://openalex.org/W2350741829","https://openalex.org/W3004735627"],"abstract_inverted_index":{"Walrasian":[0],"prices,":[1,98],"if":[2,65],"they":[3],"exist,":[4],"have":[5],"the":[6,22,39,44,48,79,87,101,117,120],"property":[7],"that":[8,21,104,106,128],"one":[9],"can":[10,144],"assign":[11],"every":[12],"buyer":[13,40,49,122],"some":[14,72],"bundle":[15,74],"in":[16,38,53,75,132],"her":[17],"demand":[18,41,77],"set,":[19,78],"such":[20,62],"resulting":[23],"assignment":[24],"will":[25],"maximize":[26],"social":[27,59,80,107],"welfare.":[28,60],"Unfortunately,":[29],"this":[30,129,143],"assumes":[31],"carefully":[32],"breaking":[33],"ties":[34,52],"amongst":[35],"different":[36],"bundles":[37],"set.":[42],"Presumably,":[43],"shopkeeper":[45],"cleverly":[46],"convinces":[47],"to":[50,95,123,152],"break":[51],"a":[54,63],"manner":[55],"consistent":[56],"with":[57],"maximizing":[58],"Lacking":[61],"shopkeeper,":[64],"buyers":[66],"arrive":[67],"sequentially":[68],"and":[69,154],"simply":[70],"choose":[71],"arbitrary":[73],"their":[76],"welfare":[81,108],"may":[82],"be":[83,145],"arbitrarily":[84],"bad.":[85],"In":[86],"context":[88],"of":[89,119],"matching":[90],"markets,":[91],"we":[92],"show":[93,127],"how":[94],"compute":[96],"dynamic":[97],"based":[99],"upon":[100],"current":[102],"inventory,":[103],"guarantee":[105],"is":[109,130],"maximized.":[110],"Such":[111],"prices":[112],"are":[113],"set":[114],"without":[115],"knowing":[116],"identity":[118],"next":[121],"arrive.":[124],"We":[125,147],"also":[126],"impossible":[131],"general":[133],"(e.g.,":[134],"for":[135],"coverage":[136],"valuations),":[137],"but":[138],"consider":[139],"other":[140],"scenarios":[141],"where":[142],"done.":[146],"further":[148],"extend":[149],"our":[150],"results":[151],"Bayesian":[153],"bounded":[155],"rationality":[156],"models.":[157]},"counts_by_year":[{"year":2019,"cited_by_count":1},{"year":2015,"cited_by_count":1}],"updated_date":"2026-04-10T15:06:20.359241","created_date":"2025-10-10T00:00:00"}