{"id":"https://openalex.org/W2675314026","doi":"https://doi.org/10.1145/3033274.3085137","title":"Posted Price Mechanisms for a Random Stream of Customers","display_name":"Posted Price Mechanisms for a Random Stream of Customers","publication_year":2017,"publication_date":"2017-06-20","ids":{"openalex":"https://openalex.org/W2675314026","doi":"https://doi.org/10.1145/3033274.3085137","mag":"2675314026"},"language":"en","primary_location":{"id":"doi:10.1145/3033274.3085137","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3033274.3085137","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 2017 ACM Conference on Economics and Computation","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://cris.maastrichtuniversity.nl/en/publications/33c462ff-026f-4c70-ab17-76017270e795","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5013355406","display_name":"Jos\u00e9 Correa","orcid":"https://orcid.org/0000-0002-3012-7622"},"institutions":[{"id":"https://openalex.org/I69737025","display_name":"University of Chile","ror":"https://ror.org/047gc3g35","country_code":"CL","type":"education","lineage":["https://openalex.org/I69737025"]}],"countries":["CL"],"is_corresponding":false,"raw_author_name":"Jos\u00e9 Correa","raw_affiliation_strings":["Universidad de Chile, Santiago, Chile"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universidad de Chile, Santiago, Chile","institution_ids":["https://openalex.org/I69737025"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5084760057","display_name":"Patricio Foncea","orcid":"https://orcid.org/0000-0002-8276-5538"},"institutions":[{"id":"https://openalex.org/I69737025","display_name":"University of Chile","ror":"https://ror.org/047gc3g35","country_code":"CL","type":"education","lineage":["https://openalex.org/I69737025"]}],"countries":["CL"],"is_corresponding":false,"raw_author_name":"Patricio Foncea","raw_affiliation_strings":["Universidad de Chile, Santiago, Chile"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universidad de Chile, Santiago, Chile","institution_ids":["https://openalex.org/I69737025"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5010930168","display_name":"Ruben Hoeksma","orcid":"https://orcid.org/0000-0002-6553-7242"},"institutions":[{"id":"https://openalex.org/I69737025","display_name":"University of Chile","ror":"https://ror.org/047gc3g35","country_code":"CL","type":"education","lineage":["https://openalex.org/I69737025"]}],"countries":["CL"],"is_corresponding":false,"raw_author_name":"Ruben Hoeksma","raw_affiliation_strings":["Universidad de Chile, Santiago, Chile"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universidad de Chile, Santiago, Chile","institution_ids":["https://openalex.org/I69737025"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5086146785","display_name":"Tim Oosterwijk","orcid":"https://orcid.org/0000-0002-8509-7002"},"institutions":[{"id":"https://openalex.org/I34352273","display_name":"Maastricht University","ror":"https://ror.org/02jz4aj89","country_code":"NL","type":"education","lineage":["https://openalex.org/I34352273"]}],"countries":["NL"],"is_corresponding":false,"raw_author_name":"Tim Oosterwijk","raw_affiliation_strings":["Maastricht University, Maastricht, Netherlands"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Maastricht University, Maastricht, Netherlands","institution_ids":["https://openalex.org/I34352273"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5034888963","display_name":"Tjark Vredeveld","orcid":"https://orcid.org/0000-0002-6357-8622"},"institutions":[{"id":"https://openalex.org/I34352273","display_name":"Maastricht University","ror":"https://ror.org/02jz4aj89","country_code":"NL","type":"education","lineage":["https://openalex.org/I34352273"]}],"countries":["NL"],"is_corresponding":false,"raw_author_name":"Tjark Vredeveld","raw_affiliation_strings":["Maastricht University, Maastricht, Netherlands"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Maastricht University, Maastricht, Netherlands","institution_ids":["https://openalex.org/I34352273"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":5,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":15.5862,"has_fulltext":false,"cited_by_count":106,"citation_normalized_percentile":{"value":0.99157054,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":100},"biblio":{"volume":null,"issue":null,"first_page":"169","last_page":"186"},"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/T11161","display_name":"Consumer Market Behavior and Pricing","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.9959999918937683,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/revenue","display_name":"Revenue","score":0.7113658785820007},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.6186202168464661},{"id":"https://openalex.org/keywords/order","display_name":"Order (exchange)","score":0.5437676906585693},{"id":"https://openalex.org/keywords/upper-and-lower-bounds","display_name":"Upper and lower bounds","score":0.49768760800361633},{"id":"https://openalex.org/keywords/attractiveness","display_name":"Attractiveness","score":0.45303165912628174},{"id":"https://openalex.org/keywords/revenue-management","display_name":"Revenue management","score":0.44335800409317017},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.42144975066185},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.34493136405944824},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.28917545080184937},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.2711849808692932},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.19316905736923218},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.09957310557365417}],"concepts":[{"id":"https://openalex.org/C195487862","wikidata":"https://www.wikidata.org/wiki/Q850210","display_name":"Revenue","level":2,"score":0.7113658785820007},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.6186202168464661},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.5437676906585693},{"id":"https://openalex.org/C77553402","wikidata":"https://www.wikidata.org/wiki/Q13222579","display_name":"Upper and lower bounds","level":2,"score":0.49768760800361633},{"id":"https://openalex.org/C31173074","wikidata":"https://www.wikidata.org/wiki/Q2632514","display_name":"Attractiveness","level":2,"score":0.45303165912628174},{"id":"https://openalex.org/C2781386248","wikidata":"https://www.wikidata.org/wiki/Q11898700","display_name":"Revenue management","level":3,"score":0.44335800409317017},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.42144975066185},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.34493136405944824},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.28917545080184937},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2711849808692932},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.19316905736923218},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.09957310557365417},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C11171543","wikidata":"https://www.wikidata.org/wiki/Q41630","display_name":"Psychoanalysis","level":1,"score":0.0},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1145/3033274.3085137","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3033274.3085137","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 2017 ACM Conference on Economics and Computation","raw_type":"proceedings-article"},{"id":"pmh:oai:cris.maastrichtuniversity.nl:openaire/33c462ff-026f-4c70-ab17-76017270e795","is_oa":true,"landing_page_url":"https://cris.maastrichtuniversity.nl/en/publications/33c462ff-026f-4c70-ab17-76017270e795","pdf_url":null,"source":{"id":"https://openalex.org/S4306402616","display_name":"Research Publications (Maastricht University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I34352273","host_organization_name":"Maastricht University","host_organization_lineage":["https://openalex.org/I34352273"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Correa, J R, Foncea, P, Hoeksma, R, Oosterwijk, T & Vredeveld, T 2017, Posted Price Mechanisms for a Random Stream of Customers. in EC '17 Proceedings of the 2017 ACM Conference on Economics and Computation. ACM New York, pp. 169-186. https://doi.org/10.1145/3033274.3085137","raw_type":"info:eu-repo/semantics/publishedVersion"},{"id":"pmh:oai:repositorio.uchile.cl:2250/168979","is_oa":true,"landing_page_url":"https://repositorio.uchile.cl/handle/2250/168979","pdf_url":null,"source":{"id":"https://openalex.org/S4306481413","display_name":"Universidad de Chile","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"EC 2017 - Proceedings of the 2017 ACM Conference on Economics and Computation","raw_type":"Cap\u00edtulo de libro"},{"id":"pmh:um:oai:cris.maastrichtuniversity.nl:publications/7bb701c3-6910-4c5e-b6c2-622f8ea40113","is_oa":false,"landing_page_url":"https://cris.maastrichtuniversity.nl/portal/en/publications/posted-price-mechanisms-for-a-random-stream-of-customers(7bb701c3-6910-4c5e-b6c2-622f8ea40113).html","pdf_url":null,"source":{"id":"https://openalex.org/S4306401843","display_name":"Data Archiving and Networked Services (DANS)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I1322597698","host_organization_name":"Royal Netherlands Academy of Arts and Sciences","host_organization_lineage":["https://openalex.org/I1322597698"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Proceedings of the 2017 ACM Conference on Economics and Computation, 169 - 186","raw_type":"info:eu-repo/semantics/conferencepaper"}],"best_oa_location":{"id":"pmh:oai:cris.maastrichtuniversity.nl:openaire/33c462ff-026f-4c70-ab17-76017270e795","is_oa":true,"landing_page_url":"https://cris.maastrichtuniversity.nl/en/publications/33c462ff-026f-4c70-ab17-76017270e795","pdf_url":null,"source":{"id":"https://openalex.org/S4306402616","display_name":"Research Publications (Maastricht University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I34352273","host_organization_name":"Maastricht University","host_organization_lineage":["https://openalex.org/I34352273"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Correa, J R, Foncea, P, Hoeksma, R, Oosterwijk, T & Vredeveld, T 2017, Posted Price Mechanisms for a Random Stream of Customers. in EC '17 Proceedings of the 2017 ACM Conference on Economics and Computation. ACM New York, pp. 169-186. https://doi.org/10.1145/3033274.3085137","raw_type":"info:eu-repo/semantics/publishedVersion"},"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":25,"referenced_works":["https://openalex.org/W776118061","https://openalex.org/W1982971964","https://openalex.org/W1994748723","https://openalex.org/W1999069228","https://openalex.org/W2010377201","https://openalex.org/W2012672170","https://openalex.org/W2021638366","https://openalex.org/W2029050771","https://openalex.org/W2034828004","https://openalex.org/W2036207307","https://openalex.org/W2040898909","https://openalex.org/W2068022645","https://openalex.org/W2077124610","https://openalex.org/W2087476424","https://openalex.org/W2116459287","https://openalex.org/W2341727810","https://openalex.org/W2506975183","https://openalex.org/W2607706733","https://openalex.org/W2778976683","https://openalex.org/W2951749351","https://openalex.org/W3102961049","https://openalex.org/W3125652619","https://openalex.org/W4231302157","https://openalex.org/W4292492728","https://openalex.org/W6780401969"],"related_works":["https://openalex.org/W1963479726","https://openalex.org/W2808755562","https://openalex.org/W2528408760","https://openalex.org/W2360530351","https://openalex.org/W2048050128","https://openalex.org/W2027534214","https://openalex.org/W2024645192","https://openalex.org/W2091484917","https://openalex.org/W3037345846","https://openalex.org/W1997675000"],"abstract_inverted_index":{"Posted":[0],"price":[1,37,145],"mechanisms":[2,20,38,54],"constitute":[3],"a":[4,92,101,110,143,149,187],"widely":[5],"used":[6],"way":[7],"of":[8,18,35,52,59,113,115,152],"selling":[9],"items":[10],"to":[11,55,77,172],"strategic":[12],"consumers.":[13],"Although":[14],"suboptimal,":[15],"the":[16,33,49,56,60,68,78,82,96,116,129,135,138,153,157,163,173],"attractiveness":[17],"these":[19,53],"comes":[21],"from":[22],"their":[23],"simplicity":[24],"and":[25,81,177,192],"easy":[26],"implementation.":[27],"In":[28],"this":[29,123],"paper,":[30],"we":[31,99,141,166],"investigate":[32],"performance":[34],"posted":[36,144],"when":[39,91,156],"customers":[40,79,130,158],"arrive":[41],"in":[42,63,71,85,178],"an":[43,87,104],"unknown":[44],"random":[45,184],"order.":[46],"We":[47,119],"compare":[48],"expected":[50,57,105],"revenue":[51,58,106],"optimal":[61,117,154],"auction":[62],"two":[64],"different":[65],"settings.":[66],"Namely,":[67],"nonadaptive":[69,97],"setting":[70,84,176],"which":[72,86],"all":[73],"offers":[74],"are":[75],"sent":[76],"beforehand,":[80],"adaptive":[83,139],"offer":[88],"is":[89,125],"made":[90],"consumer":[93],"arrives.":[94],"For":[95,137],"case,":[98,140],"obtain":[100],"strategy":[102],"achieving":[103],"within":[107],"at":[108],"least":[109],"1-1/e":[111],"fraction":[112],"that":[114,122,147,168],"auction.":[118],"also":[120],"show":[121],"bound":[124],"tight,":[126],"even":[127],"if":[128],"have":[131,159],"i.i.d.":[132,160,183],"valuations":[133,161,185],"for":[134,162,182],"item.":[136,164],"exhibit":[142],"mechanism":[146],"achieves":[148],"factor":[150],"0.745":[151],"revenue,":[155],"Furthermore,":[165],"prove":[167],"our":[169,180],"results":[170],"extend":[171],"prophet":[174],"inequality":[175],"particular":[179],"result":[181],"resolves":[186],"problem":[188],"posed":[189],"by":[190],"Hill":[191],"Kertz.":[193],"[13]":[194]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":6},{"year":2023,"cited_by_count":12},{"year":2022,"cited_by_count":11},{"year":2021,"cited_by_count":12},{"year":2020,"cited_by_count":25},{"year":2019,"cited_by_count":16},{"year":2018,"cited_by_count":13},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":1}],"updated_date":"2026-06-11T09:08:48.828518","created_date":"2025-10-10T00:00:00"}