Technical Note—Optimal Pricing Under Multiple-Discrete Customer Choices and Diminishing Return of Consumption

References

• Berry S, Levinsohn J, Pakes A (1995) Automobile prices in market equilibrium. Econometrica 63(4):841–890.Crossref, Google Scholar
• Bhat CR (2005) A multiple discrete–continuous extreme value model: Formulation and application to discretionary time-use decisions. Transportation Res. Part B Methodological 39(8):679–707.Crossref, Google Scholar
• Bhat CR (2008) The multiple discrete-continuous extreme value (MDCEV) model: Role of utility function parameters, identification considerations, and model extensions. Transportation Res. Part B Methodological. 42(3):274–303.Crossref, Google Scholar
• Bhat CR, Sen S (2006) Household vehicle type holdings and usage: An application of the multiple discrete-continuous extreme value (MDCEV) model. Transportation Res. Part B Methodological. 40(1):35–53.Crossref, Google Scholar
• Davis J, Gallego G, Topaloglu H (2014) Assortment optimization under variants of the nested logit model. Oper. Res. 62(2):250–273.Link, Google Scholar
• Gallego G, Wang R (2014) Multi-product price optimization and competition under the nested logit model with product-differentiated price sensitivities. Oper. Res. 62(2):450–461.Link, Google Scholar
• Guadagni PM, Little JDC (1983) A logit model of brand choice calibrated on scanner data. Marketing Sci. 2(3):203–238.Link, Google Scholar
• Hanson W, Martin K (1996) Optimizing multinomial logit profit functions. Management Sci. 42(7):992–1003.Link, Google Scholar
• Huh WT, Li H (2015) Pricing under the nested attraction model with a multistage choice structure. Oper. Res. 63(4):840–850.Link, Google Scholar
• Kim J, Allenby GM, Rossi PE (2002) Modeling consumer demand for variety. Marketing Sci. 21(3):229–250.Link, Google Scholar
• Li H, Huh WT (2011) Pricing multiple products with the multinomial logit and nested logit models: Concavity and implications. Manufacturing Service Oper. Management. 13(4):549–563.Link, Google Scholar
• Li H, Webster S (2017) Optimal pricing of correlated product options under the paired combinatorial logit model. Oper. Res. 65(5):1215–1230.Link, Google Scholar
• Li H, Webster S, Mason N, Kempf K (2019) Product-line pricing under discrete mixed multinomial logit demand. Manufacturing Service Oper. Management 21(1):14–28.Link, Google Scholar
• McFadden DL (1974) Conditional logit analysis of qualitative choice behavior. Zarembka P, ed. Frontiers in Econometrics (Academic Press, New York), 105–142.Google Scholar
• Rayfield W, Rusmevichientong P, Topaloglu H (2015) Approximation methods for pricing problems under the nested logit model with price bounds. INFORMS J. Comput. 27(2):335–357.Link, Google Scholar
• Vulcano G, Van Ryzin G, Chaar W (2010) Choice-based revenue management: An empirical study of estimation and optimization. Manufacturing Service Oper. Management 12(3):371–392.Link, Google Scholar