Showing 1 - 10 of 59
complexity in improving cost, quality, variety, and time--to--market performance variables. Management of design complexity is …
Persistent link: https://www.econbiz.de/10005134510
complexity in improving cost, quality, variety, and time--to--market performance variables. Management of design complexity is …
Persistent link: https://www.econbiz.de/10005412910
seller with no means to signal his quality has the possibility to be certified by an institution that owns a technology to … discover the true quality and can credibly commit to a disclosure rule. We study the incentives of this institution to disclose …
Persistent link: https://www.econbiz.de/10005561385
account changes in the quality of goods and services over time. This paper outlines the derivation of measures that lead to … quantification of the “community preference for its perceptions of improved unmeasured quality” in products. The measures are based … on the proposition that individuals behave in such a manner as to maximise their quality of life. This is expressed by …
Persistent link: https://www.econbiz.de/10005561828
methodological issues. Then the attention is focused on the relevance of the experimental method for the analysis of learning and …
Persistent link: https://www.econbiz.de/10005076658
which one can describe the learning behaviour of agents and the changes in action spaces. Using the extremely simplified …
Persistent link: https://www.econbiz.de/10005076915
Agent-based computational economics (ACE) is the computational study of economies modeled as evolving systems of autonomous interacting agents. Starting from initial conditions, specified by the modeler, the computational economy evolves over time as its constituent agents repeatedly interact...
Persistent link: https://www.econbiz.de/10005076916
An agent-based artificial financial market (AFM) is used to study market efficiency and learning in the context of the … there are many coexisting signals. Learning is introduced by considering 'copycat' traders that learn the relative values of … the different strategies in the market and copy the most successful one. We show how such learning leads to a more …
Persistent link: https://www.econbiz.de/10005077021
Multi-unit auctions are promising mechanisms for the reallocation of water. The main advantage of such auctions is to avoid the lumpy bid issue. However, there is great uncertainty about the best auction formats when multi-unit auctions are used. The theory can only supply the structural...
Persistent link: https://www.econbiz.de/10005124870
This paper aims at studying the effects of learning - seen as a possible source of individual heterogeneity - on team … strategies learned in the past, to the new situations faced. Learning processes, yet, are not based on the mechanical repetition …
Persistent link: https://www.econbiz.de/10005125572