no code implementations • 19 Sep 2023 • Francisco Castro, Jian Gao, Sébastien Martin
When working with generative artificial intelligence (AI), users may see productivity gains, but the AI-generated content may not match their preferences exactly.
no code implementations • 5 Mar 2021 • Santiago Balseiro, Omar Besbes, Francisco Castro
We establish that the gains that can be garnered depend on the local curvature of the seller's revenue function around the optimal posted price when the buyer is a perfect optimizer.
no code implementations • 9 Aug 2020 • Sushil Mahavir Varma, Francisco Castro, Siva Theja Maguluri
We then study the system under a large market regime in which the arrival rates are scaled by $\eta$ and present a probabilistic two-price policy and a max-weight matching policy which results in a net profit-loss of at most $O(\eta^{1/3})$.
Optimization and Control Probability
no code implementations • 11 Dec 2019 • Dirk Bergemann, Francisco Castro, Gabriel Weintraub
We compare the profit of the optimal third-degree price discrimination policy against a uniform pricing policy.
