{"ID":2857768,"CreatedAt":"2026-06-01T04:54:23.091178241Z","UpdatedAt":"2026-06-01T04:54:23.091178241Z","DeletedAt":null,"paper_url":"https://arxiv.org/abs/2510.09859","arxiv_id":"2510.09859","title":"Token Is All You Price","abstract":"A seller of a dynamic information service under an information-throughput constraint screens buyers who privately differ in urgency. We characterize the revenue-optimal mechanism: deploy a single preference-aligned belief process; screen buyers with a menu of stopping-time caps. The result rationalizes tokenized GenAI pricing, from consumer subscription tiers to B2B API service tiers. Extensions to heterogeneous valuations and endogenous reasoning quality preserve the qualitative conclusions.","short_abstract":"A seller of a dynamic information service under an information-throughput constraint screens buyers who privately differ in urgency. We characterize the revenue-optimal mechanism: deploy a single preference-aligned belief process; screen buyers with a menu of stopping-time caps. The result rationalizes tokenized GenAI...","url_abs":"https://arxiv.org/abs/2510.09859","url_pdf":"https://arxiv.org/pdf/2510.09859v4","authors":"[\"Weijie Zhong\"]","published":"2025-10-10T20:49:31Z","proceeding":"econ.TH","tasks":"[\"econ.TH\",\"cs.AI\"]","methods":"[]","has_code":false}