Search results for "TheoryofComputation_MISCELLANEOUS"
showing 10 items of 63 documents
Competitive versus efficient extraction of a common property resource: The groundwater case
2001
Abstract In this paper socially optimal and private extraction of a common property aquifer are compared. Open-loop equilibrium and feedback equilibrium in linear strategies have been computed to characterize private extraction. The use of these two equilibrium concepts allows us to distinguish between cost and strategic externalities as long as the open-loop solution captures only the cost externality, and the feedback solution captures both. The results show that strategic behaviour increases the overexploitation of the aquifer compared to the open-loop solution. However, if the groundwater storage capacity is large, the difference between the socially optimal and private extraction, the …
Design of Public Procurement Auctions: Evidence from Cleaning Contracts
2018
We analyze a regime change from beauty contests to first-price sealed-bid and scoring auctions, using Swedish data on public procurement of cleaning services. In beauty contests, the lowest bid often lost, leaving substantial money on the table. The procurement costs were similar before and after the regime change: (i) Entry strongly decreases the procurement cost but did not change. Entry would have decreased had the municipalities not adjusted the objects of auctions. (ii) Municipalities favored in-house suppliers in the old regime, leading to more aggressive bidding by others. With favoritism reduced, these changes balanced each other out. Peer reviewed
Additional file 3 of Are small protected habitat patches within boreal production forests effective in conserving species richness, abundance and com…
2021
Additional file 3. Corrected performance of the search string. The performance of the search string after modifications of the search string and test list.
Properties and constraints of cheating-immune secret sharing schemes
2006
AbstractA secret sharing scheme is a cryptographic protocol by means of which a dealer shares a secret among a set of participants in such a way that it can be subsequently reconstructed by certain qualified subsets. The setting we consider is the following: in a first phase, the dealer gives in a secure way a piece of information, called a share, to each participant. Then, participants belonging to a qualified subset send in a secure way their shares to a trusted party, referred to as a combiner, who computes the secret and sends it back to the participants.Cheating-immune secret sharing schemes are secret sharing schemes in the above setting where dishonest participants, during the recons…
Shilling, Squeezing, Sniping. A further explanation for late bidding in online second-price auctions
2021
Abstract Several studies provide empirical evidence for sniping (i.e., waiting until the last few seconds to bid) in second-price internet auctions, particularly in auctions at eBay . This evidence was regarded as puzzling and an anomaly for an extended period: How could sniping be consistent with rational behaviour in second-price auctions, where theory predicts that bids’ timing plays no role and there is no incentive to bid less than one’s private value. An essential contribution to this puzzling issue has been the insight by Bose and Daripa (2017) that late bidding is itself a response to the shilling. Their paper explains well late bidding for repeating auctions. However, late bidding …
Following the Money: Revenue Stream Constituents in Case of Within-firm Variation
2014
The idea of this paper stems from the perception that the concept of revenue stream requires clarification and further division to be applicable to businesses with high internal variation in their methods of capturing revenue. Current study sets out to investigate the concept of revenue stream through an overview of previous literature and a case study to demonstrate how revenue streams of a b2b (business-to-business) software service firm can be analyzed by elaborating the concept further. The aim is to answer the following research questions: 1) What are the relevant constituents of the revenue stream concept within a b2b software services firm? 2) How revenue stream as part of the busine…
Multiobjective GRASP with Path Relinking
2015
In this paper we review and propose different adaptations of the GRASP metaheuristic to solve multiobjective combinatorial optimization problems. In particular, we describe several alternatives to specialize the construction and improvement components of GRASP when two or more objectives are considered. GRASP has been successfully coupled with Path Relinking for single-objective optimization. Moreover, we propose different hybridizations of GRASP and Path Relinking for multiobjective optimization. We apply the proposed GRASP with Path Relinking variants to two combinatorial optimization problems, the biobjective orienteering problem and the biobjective path dissimilarity problem. We report …
A remark on hyperplane sections of rational normal scrolls
2017
We present algebraic and geometric arguments that give a complete classification of the rational normal scrolls that are hyperplane section of a given rational normal scrolls.
Are Low Prices Compromises Collusion Guarantees? An Experimental Analysis of Price Matching Policies
2001
In this paper we experimentally test the ability of Price-Matching Guarantees (PMG) to rise prices above the competitive level. We implement three different treatments of symmetric duopolies to check the effect of PMG both as a market institution and as a business strategy. In the absence of any low-price guarantee, prices get close to the Bertrand-Nash equilibrium although in the 50 rounds of the experiment no full convergence is obtained. The existence of PMG as an institution in a market where firms decide only about prices results in a clear collusive outcome as all markets quickly and fully converge to the collusive prediction. If we allow subjects to decide whether they adopt price ma…
Unbeatable Value Low-Price Guarantee: Collusive Mechanism or Advertising Strategy?
2006
This paper investigates the effects of a low-price guarantee (price-beating guarantee) on the patterns of price setting of three supermarkets using micro-level price data. Following recent theoretical developments, the paper analyzes the ability of low-price guarantees to sustain anticompetitive prices. My empirical analysis suggests instead that this low-price guarantee may serve as an advertising device to signal low prices. The supermarket offering the low-price guarantee, aware of its price advantage in a subset of products, uses it to signal low prices to induce consumers to switch supermarkets.