Posted Pricing for Online Selection: Limited Price Changes and Risk Sensitivity

Posted-price mechanisms (PPMs) are a widely adopted strategy for online resource allocation due to their simplicity, intuitive nature, and incentive compatibility. To manage the uncertainty inherent in online settings, PPMs commonly employ dynamically increasing prices. While this adaptive pricing achieves strong performance, it introduces practical challenges: dynamically changing prices can lead to fairness concerns stemming from price discrimination and incur operational costs associated with...