Two Essays On Dynamic Optimal Pricing

In the second chapter, I consider the static model in hotel market to see whether it is possible to identify consumer preferences and arrivals when assumptions a) optimality, and b) equilibrium are relaxed. We establish the global, non-parametric identification of preferences and consumer arrival probabilities in a simplified static setting but show via examples that the identification of unobserved types of consumers is very challenging, in contrast to the more optimistic conclusions from theoretical analyses that prove that the random coefficient logit model (which is a component of our overall model of demand) is non-parametrically identifeed.