Abstract:We consider a profit-maximizing model for pricing contracts as an extension of the unitdemand envy-free pricing problem: customers aim to choose a contract maximizing their utility based on a reservation price and multiple price coefficients (attributes). Classical approaches suppose that the customers have deterministic utilities; then, the response of each customer is highly sensitive to price since it concentrates on the best offer. To circumvent the intrinsic instability of deterministic models, we introdu… Show more
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