Dynamic Pricing of New Experience Goods
构建了一个体验产品的动态定价模型，发现大众市场最优价格随时间下降，而利基市场则先低后高以从高支付意愿买家获取剩余。
We develop a dynamic model of experience goods pricing with independent private valuations. We show that the optimal paths of sales and prices can be described in terms of a simple dichotomy. In a mass market, prices are declining over time. In a niche market, the optimal prices are initially low followed by higher prices that extract surplus from the buyers with a high willingness to pay. We consider extensions of the model to integrate elements of social rather than private learning and turnover among buyers