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UID:www.tcs.tifr.res.in/event/980
DTSTAMP:20230914T125945Z
SUMMARY:The Value of Price Discrimination in Large Random Networks
DESCRIPTION:Speaker: Ankur Mani (University of Minnesota\nMinneapolis\, USA
 .)\n\nAbstract: \nAbstract: We study the value of price discrimination in 
 large random networks. Recent trends in industry suggest that increasingly
  firms are using information about social network to offer personalized pr
 ices to individuals based upon their positions in the social network. In t
 he presence of positive network externalities\, firms aim to increase thei
 r profits by offering discounts to influential individuals that can stimul
 ate consumption by other individuals at a higher price. However\, the lack
  of transparency in discriminative pricing can reduce consumer satisfactio
 n and create mistrust. Recent research has focused on the computation of o
 ptimal prices in deterministic networks under positive externalities. We w
 ould like to answer the question: how valuable is such discriminative pric
 ing? We find\, surprisingly\, that the value of such pricing policies (inc
 rease in profits due to price discrimination) in very large random network
 s are often not significant. We provide the exact rates at which this valu
 e grows in the size of the random networks for different ranges of network
  densities (joint work with Jiali Huang and Zizhuo Wang).\n
URL:https://www.tcs.tifr.res.in/web/events/980
DTSTART;TZID=Asia/Kolkata:20190802T143000
DTEND;TZID=Asia/Kolkata:20190802T153000
LOCATION:A-201 (STCS Seminar Room)
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