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Multi-Agent Reinforcement Learning for Dynamic Pricing: Balancing Profitability,Stability and Fairness
Description
Dynamic pricing in competitive retail markets requires strategies that adapt to fluctuating demand and competitor behavior. In this work, we present a systematic empirical evaluation of multi-agent reinforcement learning (MARL) approaches-specifically MAPPO and MADDPG-for dynamic price optimization under competition. Using a simulated marketplace environment derived from real-world retail data, we benchmark these algorithms against an Independent DDPG (IDDPG) baseline, a widely used independent