Narrow search
Showing 1 - 10 of 3,635
Cover Image
Collusion by algorithm: the role of unobserved actions
Martin, Simon; Rasch, Alexander - 2022
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
Cover Image
Collusive compensation schemes aided by algorithms
Martin, Simon; Schmal, W. Benedikt - 2021
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
Cover Image
Numerical solution of dynamic equilibrium models under Poisson uncertainty
Posch, Olaf; Trimborn, Timo - 2011
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
Cover Image
Mechanisms in a digitalized world
Demange, Gabrielle - 2018
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
Cover Image
Strategic responses to algorithmic recommendations : evidence from hotel pricing
García, Daniel; Tolvanen, Juha; Wagner, Alexander K. - 2023
We study the interaction between algorithmic advice and human decisions using high-resolution hotel-room pricing data. We document that price setting frictions, arising from adjustment costs of human decision makers, induce a conflict of interest with the algorithmic advisor. A model of advice...
Persistent link: https://www.econbiz.de/10014444885
Cover Image
Think locally, act locally : spillovers, spillbacks, and efficient decentralized policymaking
Ogawa, Hikaru (contributor); Wildasin, David E. (contributor) - 2007
Persistent link: https://www.econbiz.de/10003623962
Cover Image
On the private provision of contentious public characteristics
Cornes, Richard; Rübbelke, Dirk T. G. - 2012
We extend the standard public good provision model to allow players to either like or dislike the public characteristic. Those who dislike it are able to take actions to reduce its level. We present conditions under which the existence of a unique noncooperative equilibrium is retained, and...
Persistent link: https://www.econbiz.de/10009571064
Cover Image
Carbon Leakage and capacity-based allocations : is the EU right?
Meunier, Guy; Ponssard, Jean-Pierre; Quirion, Philippe - 2012
based allocation (Australia, California, New Zealand) and capacity based allocation (EU). This paper characterizes the best … output and capacity based allocation is proved to be the optimal second best policy. The EU scheme for 2013-2020 is discussed …, using cement as a case study. -- cap and trade ; output based allocation ; subsidization of capacity ; climate policy …
Persistent link: https://www.econbiz.de/10009687241
Cover Image
A risk allocation approach to optimal exchange rate policy
Mundaca, B. Gabriela (contributor); Strand, Jon (contributor) - 2004
We derive the optimal exchange rate policy for a small open economy subject to terms-oftrade shocks. Firm owners and workers are risk averse but workers more so. Wages are given or partially indexed in the short run, and capital markets are imperfect. The government sets the exchange rate to...
Persistent link: https://www.econbiz.de/10002524066
Cover Image
Tradable emission permits in a federal system
Verbon, Harrie (contributor); Withagen, Cees (contributor) - 2005
different institutional arrangements, through the initial allocation of permits. …
Persistent link: https://www.econbiz.de/10003109979