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Unique-lowest sealed-bid auctions are auctions in which participation is endogenous and the winning bid is the lowest bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in pure and mixed strategies. The two-bidders' auction is similar to the Hawk-Dove game, which...
Persistent link: https://www.econbiz.de/10005136936
of DEA in order to derive a more appropriate efficiency-improving projection model by means of a weighted projection …Standard Data Envelopment Analysis (DEA) is characterized by uniform proportional input reduction or output … constraints. The extended DEA model is illustrated in the context of regional planning by using a data set on Italian tourist …
Persistent link: https://www.econbiz.de/10009201129
Despite a busy lifestyle – or perhaps as a result of a stressful lifestyle – more people than ever before make leisure trips, sometimes for a long time but in many cases just for short periods. Modern telecommunication technology brings attractive tourist destinations directly into the...
Persistent link: https://www.econbiz.de/10009201136
This paper determines the structural shocks that shape a firm's first year by estimating a structural model of firm growth, learning, and survival using monthly sales histories from 305 Texas bars. We find that heterogeneity in firms' pre-entry scale decisions accounts for about 40% of their...
Persistent link: https://www.econbiz.de/10005136867
uses two modelling approaches to estimate the competitiveness of these regions, viz. data envelopment analysis (DEA) and …
Persistent link: https://www.econbiz.de/10005137006
the efficiency of tourist site destinations. Using a dataset of 103 Italian regions for the year 2001, an economic … efficiency analysis based on a production frontier approach has been made in the present study. The study deploys a measure of … tourist site competitiveness in terms of its technical efficiency using parametric and non-parametric methods, a stochastic …
Persistent link: https://www.econbiz.de/10005137208
<I>Abstract</I><p> See document.<p>
Persistent link: https://www.econbiz.de/10005209454
Outcomes of the shallow lake interest conflict are presented in a number of different contexts: quasi-static and dynamic social planning, and quasi-static one-shot and repeated non-cooperative play. As the underlying dynamics are non-convex, the analysis uses geometrical-numerical methods: the...
Persistent link: https://www.econbiz.de/10005016269
Tucker's well-known combinatorial lemma states that for any given symmetric triangulation of the n-dimensional unit cube and for any integer labeling that assigns to each vertex of the triangulation a label from the set {1,2,...n,-1,-2,....-n} with the property that antipodal vertices on the...
Persistent link: https://www.econbiz.de/10005144416
This paper deals with a system where batch arrivals wait in a station until a server (a train) is available, at which moment it services all customers in waiting. This is an example of a bulk server, which has many applications in public transportation, telecommunications, computer resource...
Persistent link: https://www.econbiz.de/10005144454