Evolutionary Learning of the Optimal Pricing Strategy in an Artificial Payment Card Market

@inproceedings{AlexandrovaKabadjova2008EvolutionaryLO,
  title={Evolutionary Learning of the Optimal Pricing Strategy in an Artificial Payment Card Market},
  author={Biliana Alexandrova-Kabadjova and Edward P. K. Tsang and Andreas Krause},
  booktitle={Natural Computing in Computational Finance},
  year={2008}
}
This paper introduces an artificial payment card market in which we model the interactions between consumers, merchants and competing card issuers with the aim of determining the optimal pricing structure for card issuers. We allow card issuers to charge consumers and merchants fixed fees, provide net benefits from card usage and engage in marketing… CONTINUE READING

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