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The Power of Static Pricing for Reusable Resources

Elmachtoub, Adam N. et al.
arXiv (All) · Papers
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computer-science-and-game-theory
We consider the problem of pricing a reusable resource service system. Potential customers arrive according to a Poisson process and purchase the service if their valuation exceeds the current price. If no units are available, customers immediately leave without service. Serving a customer correspon
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