Setting equilibrium prices, approximately

  • Authors:
  • Brendan Lucier

  • Affiliations:
  • Microsoft Research New England

  • Venue:
  • ACM SIGecom Exchanges
  • Year:
  • 2013

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Abstract

We outline recent results, positive and negative, on pricing indivisible goods to approximately maximize social welfare. We describe a relaxation of standard pricing problems in which a seller can bundle goods together prior to sale.