Showing 1 - 10 of 4,120
For many years, Donald Shoup has been advocating cashing out free and underpriced curbside parking. How should this be … implemented in practice, taking into account the stochasticity of curbside parking vacancies? Shoup has proposed setting … neighborhood/period of the day-specific meter rates such that a common target (average) curbside parking occupancy rate is achieved …
Persistent link: https://www.econbiz.de/10010189827
In downtown areas, what proportion of curbside should be allocated to parking? In contrast to most previous work on the … economics of parking, this paper focuses on optimal curbside parking capacity in both first-best (where pricing is efficient … parking, and then the situation where there may be both curbside and private garage parking. For each situation, it examines …
Persistent link: https://www.econbiz.de/10009691666
In classical traffic flow theory, there are two velocities associated with a given level of traffic flow. Following …-state hypercongested equilibrium can be stable. For a particular structural model of downtown traffic flow and parking, this paper … congestion ; cruising for parking ; on-street parking ; hypercongestion …
Persistent link: https://www.econbiz.de/10003806722
We analyze the effects of better algorithmic demand forecasting on collusive profits. We show that the comparative statics crucially depend on the whether actions are observable. Thus, the optimal antitrust policy needs to take into account the institutional settings of the industry in question....
Persistent link: https://www.econbiz.de/10013093034
We propose a simple and powerful numerical algorithm to compute the transition process in continuous-time dynamic … system of functional differential equations of the retarded type. We apply the Waveform Relaxation algorithm, i.e., we …
Persistent link: https://www.econbiz.de/10009124183
Bubbles are omnipresent in lab experiments with asset markets. Most of these experiments were conducted in environments with only human traders. Today markets are substantially determined by algorithmic traders. Here we use a laboratory experiment to measure changes of human trading behavior if...
Persistent link: https://www.econbiz.de/10011392621
Ranking algorithms are the information gatekeepers of the Internet era. We develop a stylized framework to study the effects of ranking algorithms on opinion dynamics. We consider rankings that depend on popularity and on personalization. We find that popularity driven rankings can enhance...
Persistent link: https://www.econbiz.de/10011669418
Due to computing and communication facilities, formal procedures, often referred to as "algorithms", are now extensively used in public, economic and social areas. These procedures, currently at the forefront of criticisms, share some features with mechanisms as defined by economists, following...
Persistent link: https://www.econbiz.de/10011822644
Sophisticated collusive compensation schemes such as assigning future market shares or direct transfers are frequently observed in detected cartels. We show formally why these schemes are useful for dampening deviation incentives when colluding firms are temporary asymmetric. The relative...
Persistent link: https://www.econbiz.de/10012698813
This paper provides a simple theoretical framework to evaluate the effect of key parameters of ranking algorithms, namely popularity and personalization parameters, on measures of platform engagement, misinformation and polarization. The results show that an increase in the weight assigned to...
Persistent link: https://www.econbiz.de/10013413453