Presentation Information
[2L4-GS-5c-01]Multi-price lottery for ticket sales
Maiko Hara1, 〇Yoshifumi Manabe1 (1. Kogakuin University)
Keywords:
mechanism design,pricing,lottery sales
This paper proposes a multi-price lottery, a novel pricing
mechanism for ticket lottery sales. The multi-price lottery improves the expected payoffs for all types of potential buyers compared to the traditional single-price lottery system, while also increasing the event organizer’s overall sales.
In this mechanism, high-paying buyers enjoy a higher
probability of winning despite a higher price. Low-paying buyers benefit from lower prices despite a reduced chance of winning. Because some tickets are sold at higher prices, the organizer’s total revenue increases even if the other tickets are sold at lower prices.
mechanism for ticket lottery sales. The multi-price lottery improves the expected payoffs for all types of potential buyers compared to the traditional single-price lottery system, while also increasing the event organizer’s overall sales.
In this mechanism, high-paying buyers enjoy a higher
probability of winning despite a higher price. Low-paying buyers benefit from lower prices despite a reduced chance of winning. Because some tickets are sold at higher prices, the organizer’s total revenue increases even if the other tickets are sold at lower prices.
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