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"Optimal pricing with recommender systems"

Publication Title: Optimal pricing with recommender systems
Author(s): Dirk Bergemann and Deran Ozmen

Year: 2006
Published in: EC '06: Proceedings of the 7th ACM conference on Electronic commerce

Topic of the Publication: - Information Goods

Abstract:
We study optimal pricing in the presence of recommender systems. A recommender system affects the market in two ways: (i) it creates value by reducing product uncertainty for the customers and hence (ii) its recommendations can be offered as add-ons ...
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