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these savings depend on specific market characteristics.Design/methodology/approach - Joint route planning is a measure that …
Persistent link: https://www.econbiz.de/10011096210
This article reviews so-called screening in simulation; i.e., it examines the search for the really important factors in experiments with simulation models that have very many factors (or inputs). The article focuses on a most efficient and effec- tive screening method, namely Sequential...
Persistent link: https://www.econbiz.de/10011090683
This article reviews Kriging (also called spatial correlation modeling). It presents the basic Kriging assumptions and formulas contrasting Kriging and classic linear regression metamodels. Furthermore, it extends Kriging to random simulation, and discusses bootstrapping to estimate the variance...
Persistent link: https://www.econbiz.de/10011092363
Persistent link: https://www.econbiz.de/10011090988
In this paper we experimentally investigate the extended game with observable delay of Hamilton and Slutsky (Games Econ.Beh., 1990).Firms bindingly announce a production period (one out of two periods) and then they produce in the announced sequence.Theory predicts simultaneous production in...
Persistent link: https://www.econbiz.de/10011091156
compatible. This results from a commitment problem on the part of voters. Due to economic voting voters cannot credibly commit to … reelect a non-reforming government during a recession. The empirical implication of this voter commitment mechanism is that …
Persistent link: https://www.econbiz.de/10011092149
exhibit different prescribing behavior (volume and value of prescriptions) when confronted with more competition. As there is … no monetary benefit in doing so, this type of (perceived) quality competition originates from GPs satisfying patients … the level of competition. The level of competition is measured by GP density, after controlling for the number of GPs and …
Persistent link: https://www.econbiz.de/10011144447
We examine the firm-level and country-level determinants of the currency denomination of small business loans. We introduce an information asymmetry between banks and firms in a model that also features the trade-off between the cost of debt and firm-level distress costs. Banks in our model...
Persistent link: https://www.econbiz.de/10011092691
Persistent link: https://www.econbiz.de/10011092787
We analyze a dynamic model of strategic interaction between a professional sport league that organizes a tournament, the teams competing to win it, and the broadcasters paying for the rights to televise it.Teams and broadcasters maximize expected profits, while the league's objective may be...
Persistent link: https://www.econbiz.de/10011092806