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The degree measure as utility function over positions in networks
Brink, René van den; Rusinowska, Agnieszka - 2017
In this paper, we connect the social network theory on centrality measures to the economic theory of preferences and … utility. Using the fact that networks form a special class of cooperative TU-games, we provide a foundation for the degree … measure as a von Neumann-Morgenstern expected utility function reflecting preferences over being in different positions in …
Persistent link: https://www.econbiz.de/10011688772
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Using geometric techniques to improve dynamic programming algorithms for the economic lot-sizing problem and extensions
Hoesel, Stan van; Wagelmans, Albert; Moerman, Bram - 1993
Persistent link: https://www.econbiz.de/10000122475
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Computing integral solutions of complementarity problems
Laan, Gerard van der; Talman, Dolf; Yang, Zaifu - 2004
In this paper an algorithm is proposed to find an integral solution of (nonlinear) complementarity problems. The algorithm starts with a nonnegative integral point and generates a unique sequence of adjacent integral simplices of varying dimension. Conditions are stated under which the algorithm...
Persistent link: https://www.econbiz.de/10011343323
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The Nash- and Kalai-Smorodinsky bargaining solution for decision weight utility functions
Houba, Harold; Tieman, Alexander F.; Brinksma, René - 1996
Persistent link: https://www.econbiz.de/10000941220
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Management science, economics and finance : a connection
Chang, Chia-Lin; McAleer, Michael; Wong, Wing Keung - 2016
This paper provides a brief review of the connecting literature in management science, economics and finance, and discusses some research that is related to the three disciplines. Academics could develop theoretical models and subsequent econometric models to estimate the parameters in the...
Persistent link: https://www.econbiz.de/10011479822
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Risk aversion under preference uncertainty
Kräussl, Roman; Lucas, André; Siegmann, Adriaan Hendrik - 2010
We show that if an agent is uncertain about the precise form of his utility function, his actual relative risk aversion … may depend on wealth even if he knows his utility function lies in the class of constant relative risk aversion (CRRA …) utility functions. We illustrate the consequences of this result for asset allocation: poor agents that are uncertain about …
Persistent link: https://www.econbiz.de/10011382430
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Existence and welfare properties of equilibrium in an exchange economy with multiple divisible, indivisible commodities and linear production technologies
Laan, Gerard van der; Talman, Dolf; Yang, Zaifu - 1999
Persistent link: https://www.econbiz.de/10001412148
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Risk aversion under preference uncertainty
Kräussl, Roman; Lucas, André; Siegmann, Adriaan Hendrik - 2010
Persistent link: https://www.econbiz.de/10008771804
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Approximate results for a generalized secretary problem
Dietz, Chris; Laan, Dinard van der; Ridder, Ad - 2010
A version of the classical secretary problem is studied, in which one is interested in selecting one of the b best out of a group of n differently ranked persons who are presented one by one in a random order. It is assumed that b is bigger than or equal to 1 is a preassigned number. It is...
Persistent link: https://www.econbiz.de/10011381898
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Costless delay in negotiations
Herings, Peter Jean-Jacques; Houba, Harold - 2015
We study strategic negotiation models featuring costless delay, general recognition procedures, endogenous voting orders, and finite sets of alternatives. Two examples show: 1. non-existence of stationary subgame-perfect equilibrium (SSPE). 2. the recursive equations and optimality conditions...
Persistent link: https://www.econbiz.de/10010477115