V3P1 Endogeneity

A series of 5 videos introduces dynamic pricing or revenue management that is widely used by airlines, hotels, and e-commerce.
V1 starts simple with a monopolist and linear demand.
V2 uses log-log demand to find Nash equilibrium.
V3 introduces endogeneity and two-stage least squares.
V3P1: Endogeneity
V3P2: 2SLS
V3P3: Example of 2SLS for Education

Peter Lenk has a PhD in Statistics in 1984 and taught at NYU and UM business schools.