Target-Oriented Regret Minimization for Satisficing Monopolists
We study a robust monopoly pricing problem where a seller aspires to sell an item to a buyer. We assume that the seller, unaware of the buyer’s willingness to pay, ambitiously optimizes over a space of all individual rational and incentive compatible mechanisms with a regret-type objective criterion. Using robust optimization, Kocyigit et al. (2021) … Read more